Backing & Laying Simultaneously

Developing on our previous tutorials we can now begin to show how matched betting works. Matched betting works by removing all of the risk associated with traditional betting. By backing and laying the same outcome simultaneously all outcomes in an event can be covered meaning your own money is never put at risk. And when this is done in combination with bookmakers free bets inevitably you can profit from them.

In the previous tutorials we identified that there are only two possible outcomes when Backing (i.e betting for)

Placing a Back bet

(1) EITHER WE WIN and THE BOOKIE LOSES

(2) OR THE BOOKIE WINS and WE LOSE

Placing a Lay Bet

In the previous tutorials we identified that there are only two possible outcomes when Laying (i.e betting against)

(1) EITHER WE WIN and the BETTING EXCHANGE LOSES

(2) OR THE BETTING EXCHANGE WINS and WE LOSE

Matched betting

When you place a matched bet, i.e Backing and Laying the same selection simultaneously, there is also only two possibilities

(1) EITHER WE WIN AT THE BOOKIE and LOSE AT THE BETTING EXCHANGE

OR ...

(2) OR WE WIN AT THE BETTING EXCHANGE and LOSE AT THE BOOKIE

Let’s take a football match for example, if we backed (bet for) and layed (bet against) Arsenal to win in a match against Chelsea…

Arsenal vs. Chelsea

If both bets have been placed correctly, both the back and the lay, you will now have two opposing bets on the same outcome (Arsenal), one bet which will win and the other bet which will lose, you simply can’t lose at both or win at both, you are guaranteed to get your money back regardless of the final outcome. To explain this more clearly we have created another visual guide for you to view below

Risk / Reward Balance

To explain the matched betting concept visually, we have created two risk / reward models and positioned them next to each other. The left model reflects the bookmaker, the right model reflects the betting exchange and you are positioned in the middle of the two. The risk for each party has been calculated and the correct amounts have been placed on the appropriate supports. Depending on the final result, both balances will either tip to the left or to the right in synchronization with one another.

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