Matched betting horses is a form of betting in which two betting parties agree on the terms of a bet and then place their bets at different bookmakers or betting exchanges. The aim of matched betting is to guarantee a profit regardless of the outcome of the race. This is achieved by placing one bet with a bookmaker and one with a betting exchange, or by placing two bets with different bookmakers. Matched betting horses can be a great way to make money from betting, as it allows you to take advantage of the differences in odds offered by different bookmakers and betting exchanges.
How Matched Betting Works
Matched betting works by taking advantage of the differences in odds offered by different bookmakers and betting exchanges. When you place a bet with a bookmaker, they will typically offer you better odds than a betting exchange. This is because bookmakers will usually take a commission from your winnings and they will also have to cover their costs. On the other hand, betting exchanges don’t take any commission and they don’t have to cover their costs, so they can offer you better odds.
The idea behind matched betting is to place one bet with a bookmaker and one with a betting exchange, both at different odds. By doing this, you guarantee yourself a profit regardless of the outcome of the race. For example, if you bet on a horse to win at the bookmaker, but it loses, you can still make a profit by placing a bet with a betting exchange that the horse won’t win.
Matched Betting Strategies for Horses
There are several strategies that you can use when matched betting horses. The most common are:
- Back & Lay Betting – This involves placing a bet on a horse to win at a bookmaker, and then placing a bet that the horse won’t win at a betting exchange. If the horse wins, you will make a profit from the bookmaker, and if the horse loses, you will make a profit from the betting exchange.
- Arbitrage Betting – This involves placing two bets at different bookmakers or betting exchanges on the same horse, one at higher odds and one at lower odds. If the horse wins, you will make a profit from both bets.
- Matched Betting – This involves placing two bets with different bookmakers or betting exchanges on the same horse, one at higher odds and one at lower odds. The aim is to guarantee a profit regardless of the outcome of the race.
- Dutch Betting – This involves placing multiple bets on the same horse, all at different bookmakers or betting exchanges. The aim is to guarantee a profit regardless of the outcome of the race.
The Benefits of Matched Betting Horses
Matched betting horses has several advantages over traditional betting. Firstly, it allows you to take advantage of the difference in odds offered by different bookmakers and betting exchanges. This means that you can guarantee yourself a profit regardless of the outcome of the race.
Secondly, matched betting horses is a low-risk form of betting. This is because you are placing two bets, one with a bookmaker and one with a betting exchange, both at different odds. This means that you are unlikely to lose your entire stake, as you are likely to make a profit from one of the two bets regardless of the outcome of the race.
Finally, matched betting horses is a great way to make money from betting without having to spend a lot of time studying form or researching horses. You can just place your bets and wait to see if you make a profit.
Tips for Making Money from Matched Betting Horses
Research the Race
Before placing a matched bet on a horse, it is important to research the race and the horses involved. This will help you to identify horses that are likely to win or lose and increase your chances of making a profit.
Check the Odds
It is also important to check the odds offered by different bookmakers and betting exchanges. This will help you to identify horses that are offering good value and increase your chances of making a profit.
Set a Budget
When matched betting horses, it is important to set a budget and stick to it. This will help you to avoid overspending and ensure that you don’t risk more money than you can afford to lose.
Manage Your Bets
It is also important to manage your bets. This means only placing bets on horses that you are confident in and avoiding chasing losses.
Take Breaks
Finally, it is important to take regular breaks from matched betting. This will help to keep your mind fresh and ensure that you are making decisions based on logic rather than emotion.
Conclusion
Matched betting horses can be a great way to make money from betting. It allows you to take advantage of the differences in odds offered by different bookmakers and betting exchanges, and it is a low-risk form of betting. However, it is important to research the races, check the odds, set a budget, manage your bets and take breaks in order to maximise your chances of making a profit.