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Matched betting
Matched betting (also known as back or lay bet matching, or double betting) is a betting technique used by individuals to profit from the free bets and incentives offered by bookmakers. It is generally considered risk-free as it is based on the application of a mathematical equation rather than chance. A typical return for a matched bet where the stake is returned is 85%+ of the free bet offer amount, and 70%+ where the stake is not returned.
== Concept ==
The concept of matched betting requires an account with any bookmaker that offers a free bet with favourable conditions, and an account at a betting exchange, which is required as the venue with which to place a bet for the opposite result of the bet placed with the bookmaker in order to offset a potential loss made at the bookmaker. More advanced versions involve placing the bets on multiple bookmakers (dutching) to avoid the exchange price of using an exchange. Generally, bookmakers incorporate terms by which bettors must first place a bet using their own money in order to qualify for the free bet. For this, a bet is placed on particular results occurring with the bookmaker and a second bet placed on the same result not occurring at the betting exchange. The latter is required to offset any loss in the event that the result does not occur; for instance, if a team loses. Once the free bet has been qualified, the same process is followed with the exception that a free bet is being used. No matter which result occurs, there will always be a guaranteed profit because the bet was made free of charge. Online betting outlets, betting exchanges, have become popular in recent years for they allow betters to bet without official odds-makers. In essence, the person placing the lay bet acts as a bookmaker.
Continued matched betting taking advantage of existing customer reload offers doesn't work quite the same way. Rather than backing and laying on the exchange to guarantee a free bet no matter what the outcome the person will back on the bookmaker, lay on the exchange and hope for the desired outcome to occur and reward a free bet. Calculators can help work out if the qualifying cost and potential reward from the free bet is enough to justify the potential risk of not getting a free bet. Similar to playing poker it's considered profitable in the long term to continue making these low risk wagers where the qualifier might be pennies compared to the potentially hundreds made if the refund event occurs for a free bet.
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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