What is Matched Betting?

One of the most popular search terms for online betting is, ‘what is matched betting?’ So why is this search topic so enthralling to new and existing online players, and what does it entail? In this matched betting guide, we will ensure matched betting is explained in full.

In this article, we will be looking into precisely what a matched betting strategy in Canada is, running through some matched betting guides, as well as diving into the history of matched betting strategy in Canada so that you feel matched betting has been fully explained. The concept is easy to understand and follow. This one of the best betting strategies for Canada online gambling, and also works on the best mobile betting apps in Canada, not just the best betting app for iPhone in Canada but also the best Android betting apps in Canada

Key Takeaways

  • Matched betting is considered a “safe” type of betting
  • This type of betting is also known as back betting, lay bet matching, and double betting
  • Matched betting can often involve using more than one operator
  • Matched betting is frowned upon by some operators – read the terms and conditions
  • This kind of betting is a good way to use your bonuses efficiently
  • Matched betting involves making two bets instead of one
  • Theoretically, matched betting absolves risk, and allows you to make a profit, or at least break even, on every wager.
  • Be careful about using two different operators that belong to the same group or umbrella company; matched betting that way could get you suspended from all operators in the group

Matched Betting Guide

Concept of Matched Betting

Of course, whenever you start using a strategy, it’s wise to learn all that you can about how it works. This is especially true as far as pitfalls and stumbling blocks are concerned. This matched betting guide will try and help you avoid the major pitfalls and concerns, and learn all the major points.

So, what is a matched betting strategy? Also known as double betting, lay bet matching, or back bet matching, Matched betting strategy is a gambling tactic to help profit from promotions and welcome offers from online gambling companies.

If done correctly, using a matched betting strategy in Canada is relatively low-risk, as it’s determined by maths rather than luck. It also reduces the impact of a potential losing bet by covering the other outcomes.

You will require numerous different betting exchanges and bookmakers and utilize welcome bonuses and offers. Once a free bet is wagered at the bookmakers, you need to place a wager on a betting exchange such as Betfair, to cover any other outcomes. No matter which outcome takes place, the free bet is covered.

If you’re looking to get more advanced with your matched betting strategy in Canada, then place an array of bets on more than one gambling operator, which will help you skip the charge an exchange takes for commission. Be careful to avoid using more than one operator in the same gambling group, as this could get you suspended from all the operators in that group.

Normally, a bookmaker will have terms and conditions in place so that you need to place a bet with your money before you qualify for its welcome bonus or free bet. To counteract this, place the wager on a particular result with that bookmaker, then place a second wager on that result not occurring on a betting exchange.

You’ll then be eligible for the free bet, where you can repeat the process and increase your winnings.

Matched Betting Approaches

There’s a range of well-known strategies for matched betting, which vary from manual to assisted matched betting guides. These matched betting types are explained below.

Assisted matched betting guides are where different software and websites are utilized for assistance. Also known as ‘auto-matchers,’ these provide different tables comparing various markets for you to bet on. These are commonly used by more experienced users of the matched betting strategy in Canada. Often auto matches provide you with a calculator to assist with their table of comparisons. Here you can choose your type of bonus, wager, time-frame and stake.

Manual matched betting guides are more simple but also more time-consuming. This is where it’s on you to source the markets, offers and odds, before making the necessary calculations.

One of the best ways to succeed with Match betting guides is to utilize free bets and incentives. Whilst certainly not risk-free, having these bonuses in place will greatly place the odds in your favour. This is also known as positive expectation or advantage play betting.

Don’t be alarmed! Using a matched betting strategy in Canada is 100% legal, much like in play betting strategy. Leading online gambling operators are aware of the system and budget accordingly for some users utilizing a matched betting guide.

Often leading bookmakers employ people to search for any users that are ‘taking too much value,’ which is a category often users implementing matched betting strategy fall into.

If they identify a user in this way, often limits are placed on their account, which prevents larger wagers being made. This is mainly in place to catch people cheating the system or implementing software they shouldn’t be, but some of the most experienced match bettors can get caught in this group as well.

They can also go a step further and ban any user whose behaviour they feel is not appropriate and is known as ‘getting gubbed.’

What to Consider Before Match Betting 

Before you start using a matched betting strategy in Canada, you should consider the below points before choosing your online casinos of choice to capitalize on the latest betting tips.

Industry Reputation

Before putting any money into a bookmaker or betting exchange, it’s worth doing a bit of research online to see if there are any red flags. The more reputable and well-known sites will have a wide range of reviews and forums, where you can delve into existing and previous users’ feedback. This is ideal for getting the low-down on welcome bonuses, and other key aspects of matched betting explained, so you can make an informed decision before putting your hard-earned money into your account.

Odds and Pricing

Another important thing to consider after we have explained matched betting is to make sure that a bookmaker or betting exchange site has competitive odds and pricing at that site, compared to other sites. If, for example, you can find much better odds elsewhere on the event you want to match bet on, then it would be worth researching that site to get the best possible payout.

Equally, some exchanges charge more commission than others. For example, Betfair commission is around 5%, whereas it’s 2% at Matchbook. So it’s worth considering this way you’re looking into placing your lay bet to ensure you win as much as possible.

The gambling market is extremely competitive, and the change in odds of one event across various accounts can be significant. Therefore it’s handy to research more than one site to ensure you’re getting the best value for each bet that you place.

Security and Support

Another important aspect to consider is the security and support on offer at your choosing betting site and betting exchange.

Any betting site you choose to use must have a secure transactional system in place for document storage, betting history, personal history and payments.

It’s also vital that each site provides a strong customer support process, which includes quick response times, being efficient with issues and queries and also ensuring they are licensed and regulated and following those rules.

Your deposit should be secure, and it should be quick and easy for you to extract your winning from either the betting site or betting exchange. Otherwise, it will become tedious and difficult to make money from matched bets.

User Experience

Another often overlooked consideration when matched betting is explained is the user experience at the betting exchanges and we felt it was a vital consideration when we explained matched betting.

One of the main issues that gamblers will experience is getting the best experience from their chosen betting site and betting exchange. Is it simple to navigate to the betting field of your choice? Is the site laid out in a way that is easy and simple to use? Can you monitor the bets you’ve made? Is there an early cash-out option available?

All of this is important to consider when thinking about matched betting guides. If it’s difficult to navigate either your betting site or exchange bet site, it can become a tedious, confusing and slow process and will not be worth your time.

Licensing and Legislation

Finally, it’s absolutely vital that the gambling site and betting exchange that you choose for your matched bet must have all the relevant licensing and legislation.

If not, you run the risk of not being paid out, games being manipulated to suit the dealer, and your payment details being stolen and even worse, sold on or hacked.

A simple rule of thumb is if the offer seems too good to be true, it likely is, and it’s worth doing some further research on that site before you place any of your money into it.

Best Matched Betting Welcome Bonuses

Of course, it doesn’t help having a matched betting strategy in Canada, but nowhere to use it. There’s no point in having matched betting explained to you, but not having anywhere to use it.

This matched betting guide has collated some of the top welcome bonuses for reputable online gambling sites, for you to take advantage of when using matched betting guides.

Hard Rock Casino

Deposit $100 or more, place a wager of $100 or more, then you’ll receive $100 back in cash if your first bet loses.

To get this offer;

  • Open an account and choose the Risk-Free bet offer
  • Make an initial deposit of at least $100
  • Visit the sportsbook place a bet of at least $100
  • Before you place you bet, select the “Risk-Free bet” option in your betting slip
  • Hard Rock will drop $100 into your account if your first bet loses

Matchbook

Sign up to Matchbook Canada, and they’ll match 100% of any first bet up to $20.

To get this offer;

  • Open an account and choose the Risk-Free bet offer
  • Make an initial deposit up to $20
  • Matchbook will drop $20 into your account

Ladbrokes

Casino Bonus;

New players get up $50 in free bets if they deposit $10.

To get this offer:

  • Open an account with Ladbrokes.
  • Make an initial deposit of $10 to get $50 in free bets.
  • Wager the 50$ in free bets at least 40 times on selected table games and all slots.

Sports Bonus;

New players get $25 in free bets when they bet $5 or more.

To get this offer:

  • Open an account with Ladbrokes.
  • Make an initial deposit of at least $5.
  • Select an eligible bet to receive your free $25 in bets.

Poker Bonus;

New players get up 200% match back up to $1,200, as well as freeroll tickets, Twister tournament and general tournament tickets, as well as a cash table ticket.

To get this offer:

  • Open an account with Ladbrokes.
  • Make an initial deposit of up to $1,200 for 200% match back.
  • Wager on selected table games.

Betway

Sign up to Betway Canada, and they will match your first deposit 100% up to $250. You must be a new customer to claim this offer. There’s also a 25% match on your second deposit and a 50% match on your third deposit.

888casino

Welcome to 888Casino Canada registration bonus code – with this offer, you can claim $20 absolutely free when you sign up, without needing to put down a deposit.

Premium Welcome Package – Provides a special bonus on both of your first two deposits, specifically for these types of new users.

Mr. Green

Casino Bonus;

  • New players get up to 200 free spins plus, up to $100 in free cash.

To get this offer;

  • Open an account with Mr. Green.
  • Make an initial deposit of at least $20 or more to get 100% match back on your deposit.
  • Wager at least $20 on slots to get a match back of free spins for Starburst, and 100 other free spins.

Sports Bonus;

  • New players get a $10 accumulator bet when depositing and betting $10 or more.

To get this offer;

  • Open an account with Mr. Green.
  • Make an initial deposit of at least $10 or more.
  • Wager at least $10 on a sporting event with 3/1 or bigger odds.

Harrahs

New users qualify for two different welcome bonuses. Firstly, there’s an initial $10 bonus that requires no deposit; all you have to do is sign up for an account. Once you have been verified, Harrahs will give you $10 to go used on the site. Once you have done that, you’re able to get a 100% matched deposit up to $300. Harrah’s USA will match your first deposit dollar for dollar up to that value.

Unibet

New users can choose from 4 different welcome offers. There’s a casino deposit bonus, up to $200. This gives you 200 free spins. There’s also a sports betting bonus of $30, as well as a 50% bonus on any lottery bets up to the value of $10. Finally, there’s a $500 playthrough poker bonus.

What Other Betting Guides Do We Cover? 

This matched betting guide isn’t the only guide on offer. After all, using a matched betting strategy in Canada isn’t your only option. If you want more than just to have matched betting explained to you, then try our other articles. We offer articles including a guide to the 1.01 betting strategy, 1×2 betting explained, and many more.

Martingale Strategy

This is a simple progressive wagering system in sports, aimed at eradicating any potential losses. This is done by increasing your wager by double on each losing bet. This is widely regarded as one of the best betting systems out there but may require a large pot of funds.

Fibonacci Strategy

A Fibonacci sequence is 0, 1, 2, 3, 5, 8, 13, 21, 34 and so forth. You simply add the two numbers before together. The Fibonacci strategy is very similar to the martingale strategy when it comes to betting, covering each losing bet with the next number in the sequence.

Fixed Wager Betting

This form of betting is seen a little simpler than the two mentioned above. Simply put, your wager never changes, regardless of how much you win or lose. This lowers the risk of huge losses but also doesn’t make for large wins either.

All in Betting

One we certainly wouldn’t recommend is all-in betting, where you place all your funds on each wager. This can incur big wins, but also major losses!

Final Conclusion

Now that you’ve had matched betting explained to you, why not try a matched betting strategy in Canada? This matched betting guide has tried to give you all the information that you might need.

Most importantly, if you’re looking to try out matched betting, then ensure the site you choose fits the above criteria, most importantly:

Licensing and legislation – it’s absolutely vital that the gambling site and betting exchange that you choose for your matched bet must have all the relevant licensing and legislation.

The site must be secure – any betting site you choose to use must have a secure transactional system in place for document storage, betting history, personal history and payments.

Odds and pricing – some exchanges charge much more commission than others. For example, Betfair commission is around 5%, whereas it’s 2% at Matchbook. So it’s worth considering this way you’re looking into placing your lay bet to ensure you win as much as possible.

After reading this matched betting guide, we’re sure that you’re raring to try out a matched betting strategy in Canada. We hope that you find all that you’re looking for in a strategy, and if you forget something come back to have matched betting explained to you again.

Gambling on the go? Take a look at our best betting app for iPhone in Canada and best Android betting apps in Canada guides to get you going.

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