What is automatic matched betting and how can it work for you?
March 31, 2017
There is little doubt that matched betting is an emerging market. Introduced to the mainstream several years ago, this method of quickly making steady money through the hedging of bets has taken the gambling community by storm.
What has made this particular form of gambling so convenient is that programs are being created to automate the process and make it smoother: this is what we call automatic matched betting.
Under normal circumstances, matched betting is nothing more than the use of a free bet with a company to make a small profit. This is done by betting on the exact opposite outcome on a betting exchange, thus making sure that the player can never lose money.
Trouble is, matched betting looks simple on paper, but there are plenty of variables that can make things complicated.
One example is that betting exchanges charge commissions (say, 5%) on winnings, requiring players to pay attention and factor those into their calculations.
Another example is the veteran who misunderstood the conditions of the tennis in-play market, and found himself £1500 in the red when he realised that he couldn’t back better odds than he had laid.
Automatic matched betting can be a solution to this quandary: along with certain types of software, they can crawl betting markets looking for the right bets to make, as well as factoring in commissions and other such variables.
This is useful to novices, who need to make “qualifying” bets in order to access certain promotions: an example, say, being Betfair asking someone to spend £10 of their own money before being able to use a free £30 bet.
Automatic matched betting systems can factor the qualifying element in and minimise losses, and then proceed to help the player ensure that he or she only bets on winning combinations, and doesn’t make some of the mistakes above.
Automated betting systems cost a monthly fee, but it can quickly be worth it. Players who make thousands of pounds a year shouldn’t baulk at spending £14 a month on Matched Bets’ software, for example. Beyond providing punters with a good, reliable and steady stream of income, the package also gives them access to tutorials and forums that can help them along the way.
The upside far outweigh the downside: while someone who chooses to go ‘manual’ can save on subscription fees, they can incur major losses.
Those who wish to maintain some autonomy can always go down the ‘assisted’ path, namely that of a matched betting calculator, also known as “automatcher”.
The difference is that the user can type in the variables (the stake, the bonus, etc) themselves, and use the software to calculate winnings or losses.
Bookies are, depending on their terms and conditions, often within their rights to “gub” an account – in other words to limit profiles they believe are using matched betting, which many companies describe as “promotion abuse”.
Though matched betting is not illegal, a gubbed account will see the amount of promotions it is offered limited or nullified, and may even stand to lose its balance, or find the withdrawal conditions made more arduous.