Problems with Matched Betting?
Reading time: 3-4 minutes
This overview will quickly go over a few of the main problems with matched betting. If you’re planning to start matched betting or have some issues, keep these in mind as they can mean the difference between success and failure.
Matched betting is referred to as risk-free and a guaranteed way to earn money. With such a lofty tagline, it’s understandable that many people looking to make money online have their reservations. After all, it sounds good, but is it too good? Let’s dive in and look at it.
Matched betting is a legitimate betting strategy guaranteed to earn a profit if done correctly. However, it’s not a foolproof get-rich-quick scheme, and it’s worth bearing in mind some of the potential problems with matched betting and how to avoid them.
Matched Betting Takes Courage and Persistence
When first starting to place bets with bookmakers, you must be confident about the odds and ensure any money is wisely spent. You may worry, though, because matched betting relies on math formulas- so start small if this sounds like something that would be afraid or uncomfortable!
With matched betting, you have to be confident that you’re not about to lose any money you deposit into bookmaker accounts, or at the least ensure that it is put to good use, which may appear to be more complicated than it sounds.
The more you are involved in advanced matched betting strategies, the larger your return will be. However, it takes much persistence and determination to earn this profit, but there’s no looking back once earnt! We recommend techniques such as Extra Places or 2up Early Payout, perfect for after welcome offers, and Casino.
Matched Betting isn't Well Respected
Problems with matched betting aside, experienced matched bettors can easily earn thousands of dollars from their winning strategies. Yet, the general public doesn’t necessarily understand how it works.
Many people assume matched betting is just as risky as any other gamble. Some bookmakers look down on it as a backhanded way to cheat the system. Others believe it’s a scam or that it’s illegal.
The simple fact is that matched betting is entirely legal, it works just fine, and if you follow the proper guidance, advice and strategies, you can earn an excellent return.
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Match Betting Takes Time and Effort
Despite its advertisement, matched betting isn’t easy at first and takes a little time to get used to. Terms like lay betting, liability and unmatched bets can lead to misunderstandings.
Learning to place back and lay bets properly takes time and experience, especially as you start to know all the specific jargon and techniques. If you experience problems with matched betting and misunderstand an offer or use the wrong betting bonus, you can easily make a mistake. Still, it all becomes second nature once you get used to it.
Avoid these problems by carefully doing your homework and figuring out the fine details. The more you understand about back betting, the sooner you’ll be able to place accurate back bets confidently. See our post on getting started with matched betting to find out more.
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Your Bookmaker May Ban You (Gub you from your Account)
Although it’s legal, some bookmakers frown on matched betting because it cuts into their bottom line. If you take too much value from them (as they see it), then they can intervene to stop you from winning by restricting your account or banning you, which is known as ‘gubbing’.
It’s not clear why some sportsbooks are more vigilant than others, but some matched bettors have reported having their accounts gubbed after using just one betting bonus, whereas others have fewer issues.
Many choose to carry out some mug betting to try and go better unnoticed. Be smart, be careful, and diversify your gameplay to avoid this problem.
Matched Betting Problems - Final Thoughts
Despite what you see online, matched betting isn’t as perfect as it seems. It’s not as well-respected as other forms of online sports betting, nor is it as easy. If you mess up, your guaranteed win can quickly transform into a guaranteed loss.
Take time to learn the process and be patient, and you’ll start winning risk-free profits in no time, and any problems with matched betting will feel very distant.