The Pros And Cons Of Matched Betting
Scratch the surface of any sports better and you’ll find an array of opinions with regard to matched betting. For many, it’s the greatest thing to happen in sports betting. For others, it’s something they wouldn’t touch with a 20m pole. That’s why we think it’s important to look at both sides of the argument. Hopefully, by the end of this article, you’ll be able to ferment your own opinion on matched betting. To be frank, probably the most obvious pro of matched betting is that you’re going to increase your jackpot winning chances when betting online.
The Pros of Match Betting
Your Earnings Are Tax-Free
If you’re going to be using matched betting in the UK at an online sportsbook like 22Bet Sportsbook, then you’ll find that all winnings are categorized in the same way. Because matched betting isn’t viewed as gambling as such, the winnings are completely tax-free. In fact, you don’t even need to declare your earnings to HMRC.
It’s Relatively Risk-Free
When you compare the risks associated with traditional betting, with those of matched betting, you’ll see that the latter is pretty much risk-free. Rather than utilizing luck and keeping your fingers crossed, this form of betting uses mathematical calculations.
One aspect of matched betting that many gamblers enjoy is the fact that it’s a very variable format. For a start, you can fit it around any schedule. And with this flexibility, you can make money whenever it suits you. Furthermore, you can dedicate as much time as you wish to matched betting. If you want to take a break, then that’s also completely possible.
No Prior Experience Needed
When it comes to placing matched bets, there’s no need for any previous experience or prior knowledge. This means that it’s open to everyone, provided you are over the age of 18. We suggest that before you start your matched betting journey, you head over to YouTube and watch some of the betting videos and step-by-step guides. This will give you an overview of the basics, along with all the terminology. This is an important aspect of any form of gambling and you shouldn’t skimp on this. Rather, sit down in peace and quiet, and learn the whole process, including all the jackpot winning strategies, from beginning to end.
Low Effort Effort Requirements For Matched Betting
Once you’ve educated yourself on how matched betting functions, and you familiarise yourself with the different types of offers, then you’ll see it’s a relatively easy method for making cash rewards from all sorts of jackpot games. However, that’s not the same as saying there’s no effort required at all. It just means that it’s something anyone can do when they have the time. As with most things in life, the more familiar you are with matched betting, the easier it becomes. Soon you’ll find that taking part becomes almost second nature.
Unrestricted Earning Potential
In theory, the amount of money you can make with this type of betting is practically limitless. First, you should consider the daily offers and advanced techniques available. These only add to the endless possibilities. Having said that, you may come across some instances where it’s difficult to make as much money as you hoped.
The Cons Of Matched Betting
It Can Be Difficult To Understand
We have noticed that many sports bettors are reluctant to start matched betting simply because it sounds complicated to them. Of course, if you are completely ignorant of the whole sports betting experience, including bookmakers, odds, and bets, then it’s certainly going to seem overwhelming. Yet this is the same story for every activity you’ve ever started. No one can be an expert from the very beginning. That’s why we reiterate that you should take your time to understand all the guides available in order to become familiar with the whole matched betting process.
Matched Betting Has A Limited Shelf Life
It’s important to keep in mind that matched betting requires that you have both active and open accounts with a number of different bookmakers. This will allow you to jump on reload offers as they become available. Be on the lookout in case the online sports betting account has restrictions in place. If it has, then you’ll find you are no longer allowed to take part in any promotional offers. Furthermore, some bookmakers like 22Bet Sportsbook may place restrictions on the size of stakes you can place. This means that you will be limited to a certain amount of money.
Unfortunately, what can make life a little frustrating is that there’s no way to properly guard your account against being restricted. In addition, if your account is restricted then you’ll find the bookmaker’s decision is final. That’s why, for many professional players who are looking for long-term earnings, matched betting isn’t necessarily a good fit. Nevertheless, whilst your accounts are up and running, it’s a great way to make some cash rewards.
Less Offers Than There Used To Be
If you head over to many of the sports betting forums, you’ll find many veteran professional sports bettors lamenting the “golden age” and “good old days” of matched betting. They will tell you how there used to be a much larger number of bookmakers offering matched betting than there is today. Furthermore, they will often comment on how much more lucrative matched betting used to be.
It Can Tie Up Your Funds
In truth, you cannot start this betting type with a tiny pot. Without a sizeable bankroll, you’ll find it difficult from the get-go. As you proceed, you’ll start building your bankroll and we suggest that you put all your profits back into your matched betting activities. This will allow you to up the ante more quickly. This will also give you the sensation that you are constantly moving cash between the exchange accounts and your bookie accounts. However, we think it’s a good idea that you set a certain amount after which you’ll begin withdrawals.
Matched Betting Is Not 100% Risk-Free
As you are well aware, no form of betting is totally risk-free. And this goes for matched betting as well. In theory, the methodology of converting all potential outcomes of a sporting event by pacing free bets, and turning them into real profits, actually does work. Even the Advertising Standards Authority (ASA) found the process of matched betting to be sound. But it’s important to remember there’s always going to be an element for human error. And this can prove very costly.
Matched Betting Is Not A Get-Rich-Quick Scheme
Unlike some other forms of gambling, you’re not going to win the jackpot online and get rich quickly utilizing matched betting. That’s because it just isn’t the same as traditional gambling. After all, you’re not betting the house on a single horse or team, or player. You will not even be chasing a big win. What you are doing is slowly building your bankroll. So, though the monetary amounts of each win may be smaller, you can definitely build them up over a longer period of time.