Is Matched Betting Gambling?
A misconception that is often levelled at matched betting (particularly by those who don’t have experience carrying out matched betting) is that matched betting is gambling or that we use ‘dirty’ money.
Matched betting is not gambling, nor does it need to be a ‘gateway to gambling’. It is an entirely legal and straightforward way to earn money online.
We use maths (usually quite simply with a calculator) to extract profit in simple steps by taking advantage of the bookmaker offers.
There aren’t any risks involved with matched betting, though the term itself, which includes the word betting, doesn’t help!
As we know the outcome of our bets before an event has even begun, we don’t gamble since the event’s outcome is inconsequential!
The ‘matching’ in matched betting cancels out the ‘betting’!
Our two bets cancel each other out, and we would end up with a neutral position (indeed, we pretty much do with our qualifying bet), but we make our money in matched betting by using free bets.
If you have a gambling problem and feel that you could be susceptible to gamble by merely signing up to / having bookmaker accounts, then keep away. One of our Top 10 Matched Betting Tips is never to gamble! Always – Be Gamble Aware!
So, is matched betting guaranteed?
We find the details we need to complete these offers by using a matched betting service to calculate a matched bet.
Matched betting done correctly means you can’t lose, and it’s rightly considered risk-free as it is based on the application of mathematical equations rather than chance.
OddsMonkey and Profit Accumulator (the most well-known sites, both of which we review here) provide the tools to ensure we have what we need to profit from each of these deals.
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Matched betting is entirely legal in the UK and safe to carry out. It is advisable to start slow and check all your calculations to ensure matched betting does not go wrong.
The concept of matched betting may seem “too good to be true”, but it’s not. Unless you make an error with your calculations, you should not lose any money while simple sports matched betting.
Is matched betting gambling? No! Gambling involves requiring a set result to occur, and if it doesn’t, you will lose money. It is not like this with matched betting. Our small qualifying losses get quickly swallowed up from the profit we earn from the free bets we acquire.
Matched betting not only works, but it works well and provides a guaranteed regular profit when done correctly.
Important – whilst matched betting is different to gambling, and by covering all outcomes we remove the game of chance, you will be using bookmaker sites and surround yourself with odds, fixtures and horse racing!
If this kind of activity will tempt you to gamble then stay clear of matched betting, this isn’t the same as saying matched betting is gambling but just realism that it is obviously not the best activity for anyone with gambling problems – just stay clear!
Why not check out Begambleaware.org for more information.
Matched betting may also tie up an amount of money whilst you work your way through offers. Though you can remove this money at any time, if you have debt issues then it may be best to pay off these first. Always seek financial advice before carrying out matched betting.
When you first learn about matched betting it can sound complicated, but a service such as Profit Accumulator provides step by step instructions, forums, video guides, and exceptional customer service. We have also provided you with your first offer details completely free here.
To find out more about matched betting, why not check out the following pages on our site:
- Matched Betting Beginner’s Guides
- Matched Betting Tips and Advice
- Matched Betting Advanced Strategies
- Profit Accumulator Review 2021
- Oddsmonkey Review 2021
- Is Matched Betting Legal?
- Best matched betting sites
- Matched Betting Welcome Offers and Reload Offers
- Matched Betting after Welcome Offers
- Matched Betting 2up Strategy