Matched betting can be considered controversial or entirely illegal based on how the practice is carried out. Most matched bettors use exchange sites to help them with matched betting and purchase a software subscription package since looking for perfect matched betting opportunities can be time-consuming.

Matched bettors make the majority of their profits, however, by exploiting free bets provided by the growing number of online sportsbooks. Using a betting exchange, such as Betfair and Smarkets, bettors can place bets on two outcomes where they will make money regardless of the outcome.

We say essentially as a bettor can’t guarantee that a bookmaker will honor the bet in question, and human error can result in bets being placed incorrectly. Although technically a form of betting, the practice, if carried out correctly, is essentially risk-free. Matched betting is a technique that guarantees sure profits for bettors.