Matched betting – a good poker bankroll builder?
Are you a poker pro or just an amateur player? How many times have you lost than won on a poker table? Have you had an online downswing before? I guess, many of you would say you’ve had more losses than earnings. Don’t worry. Even professional poker players lose in some games that make them a little shaken. Well, that’s the life of poker players like you. Sometimes, you win but many times, you lose. It’s all about gambling and risking your money.
So, now what are you going to do if you encounter many losses? Will you stop and forget high stakes games? Don’t! You can still enjoy any WSOP events or join online poker.
And I’m here to tell you how you can make lots of money. If you are interested to generate big earnings, continue reading this guide.
What is Matched Betting?
Matched betting is the easiest and the most profitable way to make money from sports betting. For sure, as a poker player and gambler, you have a little idea about this system. It’s a way of squeezing out the many free bets offered by bookmakers. All the bookies promote these offers (especially during big sporting events) to attract new punters to place wagers with them.
Unlike traditional gamblers, who always lose money in the long run, matched bettors always win by taking advantage from numerous free bets and bonuses that are offered by bookmakers.
Are you gaining interest now? Look, this is a completely legal and tried-and-tested method, so rest assured that your winnings will be at higher percentage.
‘Back’ and ‘Lay’ bets for easy money
Matched betting allows you to extract these free bets by betting both for (back bet) and against (lay bet) a certain event.
Since you are a gambler yourself, I know that you’re not afraid to lose. But rest assured that there is no risk of losing money in matched betting because the two bets pretty much cancel each other out (bar some minor differences in the odds and commissions).
Moreover, matched betting works by cancelling out the risk on the ‘back’ bet at the online bookies by betting against yourself at the same odds (known as ‘laying’ a bet) which you can do at a betting exchange like Belfair. In other words, you are ‘matching’ your bet.
When you’re done with your first or ‘qualifying’ bet, you will then be given the free bet by the bookmaker. Note: This is where the profit is made. It’s just simple because all you have to do is to repeat the process: bet using the free bet and then lay the bet. Whatever the results, you are guaranteed to make a profit. Sounds tempting!
Free Bets… What are these?
Free Bets (a.k.a. SNR free bets) have a specific feature: they don’t include their stake in potential returns (SNR stands for Stake Not Returned). For example, a £25 free bet placed at odds of 2.0 can potentially return only £25 as its stake is left out from winnings.
Bonuses (a.k.a. SR free bets, cash bonuses, deposit bonuses) consist of their stake in potential winnings (SR stands for Stake Returned). Unlike free bets, bonuses have low wagering (rollover) requirements before they can be withdrawn. There are some bonuses that don’t even need the qualifying bet.
Yes, bonuses seem to be more profitable but you should definitely start matched betting with free bets, especially if your initial bankroll is small.
Free bets don’t have any gambling requirements; therefore, they can be securely extracted with a relatively small bankroll. When you choose the odds wisely, as much as 80% of the free bet stake can be extracted, so they are highly profitable as well.
Traditional Bookmakers vs. Betting Exchanges
Traditional bookmakers only allow you to place bets for a selection to win (back bets). In case your bet wins, they pay you the earnings.
On the other hand, betting exchanges allow its players to place lay bets (bets against a selection that win in case the selection doesn’t win).
I strongly recommend Betfair as it’s the largest and the most reputable betting exchange.
Actually, Betfair provides more markets, more in-play events and more people willing to bet against you than any other betting exchange online.
The odds on Betfair are determined solely by the will of punters. Moreover, the odds tend to move more gradually in Betfair, while in bookmakers, they change in larger steps. So, if you get caught by a change in odds, it will be more steady in Betfair.
Finding the correct odds
It’s essential to find the correct odds for your matched betting needs. Well, Freebetcalc is ready to help you find those odds. The site provides poker players a great guide on how to take advantage of promotional bookies and free bet signup offers. Plus, it recommends which sports are most suitable to bet on.
The best places to look for fine odds are soccer and horse racing markets. Freebetcalc helps you find the odds in soccer and horse racing markets.
Other Factors to Consider
• The majority of bookies require that the qualifying bet is placed at odds of 2.0 or higher, though there are some exceptions.
• If the bet you’re placing count towards any rollover requirement, choose small odds (2.0 – 2.5) to meet the requirement more easily.
• Choose rather high odds (4.0 – 6.0) for extracting free bets as a higher percentage of them can be extracted with high odds.
The Order of Bets
Awesome matched betting opportunities typically don’t last longer; therefore, it’s vital to act quickly. So place the second bet very soon after the first one. For a guaranteed matched betting opportunity, always place the first bet with a bookie.
You may not be aware of the way bets have to be placed with various bookies, but you can quickly place a bet with Betfair. Again, this betting exchange is better than the others and you’re assured that your money is safe.
In case of a computer or internet connection failure, your risk is smaller if you have only placed the back bet as Betfair liability is almost always larger than your back stake.
How much earnings can poker players make?
You will be left with up to 95% of the free bet amount as profit for each matched bet. The betting exchanges usually charge a commission of 5% on someone’s earnings. Good thing, there is a small loss on the qualifying bet due to the minor difference in odds on each website.
Besides, the best thing about matched betting is that your earnings from the gambling industry are currently tax-free. Now who wouldn’t like the idea of tax-free earnings? Sounds good! Truly, this one is for you, poker players!
You’ve read the guide… What’s next?
I know you’re done reading this match betting guide but don’t just stop here. It’s still important to continue reading and studying the different ways to match your bets. When you do these, sure enough, you can gain more understanding of the system and later on, earn big bucks.
For a naturally risk-taker that you are, it’s easy to use this completely validated and risk-free method. You want to build your bankroll, right? Then, this is your great opportunity to thrive and make lots of money. Who knows, matched betting could be your bankroll builder soon!
Yes, losing is inevitable but surely, matched betting can change this usual scenario. Engaging yourself into matched betting while trying your luck on poker tables will surely give you a fat bank account in the future.
So, what are you waiting for, poker players? Place your bets now!