Matched betting is a technique used by sports bettors to effectively turn a profit, regardless of the outcome of the event that is being bet on. The technique involves placing wagers on both sides of an event, with the aim of taking advantage of the free bets and bonuses offered by online bookmakers. Traditionally, matched betting has been used for sports betting, such as football, tennis and basketball, but can it be used for horse racing too? This article will answer this question and look at the advantages and potential risks of matched betting on horses.
What is Matched Betting?
Before we look at matched betting on horses, it is important to understand what matched betting is. Put simply, matched betting is a risk-free technique of making a profit from free bets and bonuses offered by online bookmakers. It involves placing two bets – one on the ‘back’ and one on the ‘lay’ side of an event – with the aim of covering all outcomes and locking in a profit regardless of the result.
The Advantages of Matched Betting on Horses
One of the main advantages of matched betting on horses is that it is a low-risk way of making a profit. As with all forms of matched betting, the aim is to cover all possible outcomes, so that regardless of the result, you will make a profit. This means that you do not have to be an expert in horse racing in order to make a consistent return from your bets.
Another advantage of matched betting on horses is that there is usually a lot of value in the free bets and bonuses offered by online bookmakers. This means that you can often find bets that will give you a good return for minimal risk.
Matched betting on horses also allows you to take advantage of special offers, such as enhanced odds and money-back specials. These offers can often provide you with a great way to make a profit, even if the horse you are betting on does not come in first place.
The Potential Risks of Matched Betting on Horses
Whilst matched betting on horses can be a low-risk way of making a profit, there are still some potential risks that should be considered. One of the main risks is that you may not be able to cover all possible outcomes, meaning that you could end up losing money if the horse you have bet on does not come in first place.
Another risk is that the free bets and bonuses offered by online bookmakers can often be complicated and confusing. This means that you may end up making a bet that is not covered by the terms and conditions of the offer, leading to a loss.
Lastly, it is important to remember that horse racing is a volatile form of betting, and the odds can often change significantly over a short period of time. This means that you may end up making a bet that was once good value, but is no longer so.
How to Minimise the Risks of Matched Betting on Horses
There are a few steps that you can take to minimise the risks of matched betting on horses. Firstly, it is important to make sure that you understand the terms and conditions of any free bets or bonuses that you take advantage of. This will ensure that you do not make any bets that are not covered by the offer.
It is also important to make sure that you are familiar with the form of the horses that you are betting on. This will help to ensure that you make bets that have a good chance of coming in first place.
Lastly, it is important to remember that horse racing is a volatile form of betting and the odds can often change significantly over a short period of time. This means that you should be prepared to adjust your bets if the odds change significantly.
Conclusion
In conclusion, it is possible to do matched betting on horses, and it can be a low-risk way of making a profit. However, it is important to remember that there are still some potential risks that should be considered, and steps should be taken to minimise these risks. By following the tips outlined in this article, you should be able to make a consistent return from your matched betting on horses.