This means if your event is successful, you win with the bookmaker. The offset of this is that you will also create a lay bet on the same event, though typically at marginally differential odds than your standard backed bet. ![]() The risk-free element where all possible outcomes are covered infers that you can make a standard ‘backed’ bet on an event (horse race, sporting event/game etc) with a bookmaker in the usual way. In Australia’s case, there are numerous bookmakers offering bonus bets and inducements, though there is only one active Betting Exchange that being Betfair. It is generally considered risk-free as all possible outcomes are always covered at a bookmaker and a betting exchange simultaneously.Įxperts consider this strategy to be a risk-free form of wagering if done properly, as it is not based on chance and luck, but mostly on mathematics and probability. ![]() Matched Betting is a betting strategy used by individuals to profit from the bonus bets and incentives offered by bookmakers.
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