Sign up with Betfair for the Betting Exchange side of the transaction, if you haven’t done so already you sign up here. No-Risk Matched Betting, the basicsįor punters to work with this system requires a strategic approach.Ģ. There are obvious pathways for this to occur in Australia, and because two separate entities are used (bookmaker and betting exchange) there is no collusion to be had. Matched Betting has a long and successful history in the United Kingdom, but has only recently built up a small following in Australia, based on people’s experiences and dabbling with it while living in the UK. The difference between the two (taking out the 5% Betfair commission) is your profit margin. If the event is unsuccessful, but you have covered your options with the lay bet, then you win with the Betting Exchange. 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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