Is Matched Betting A Scam? Addressing the Facts

Matched betting is one of the most recent side hustles to blow up across the US with a growing number of Americans earning profits in the $1,000s with the process each month.

However, as with most trending hustles, it can sometimes be tricky to spot fact from fiction. So do those who say it's "too good to be true" speak sense? Or have they just not done their research? 

In this post we'll address the most common myths and misconceptions about matched betting, and most importantly answer the question "Is matched betting a scam?".

Contents

1. What is Matched Betting?
2. Is Matched Betting a Scam?
3. Common Misconceptions About Matched Betting
4. Benefits of Matched Betting
5. How to Start Matched Betting Safely

1. What is Matched Betting?

Matched betting is a risk-free side hustle used by 100,000s of users across the U.S. and Europe to lock in guaranteed monthly profits legally and simply.

It's a simple process that involves using clever tools to place bets on every outcome of an event to guarantee a profit. Also known as ‘free bet conversion’, matched betting works by betting on opposing outcomes of the same event to unlock a sportsbook promotion, such as a free bet which can then be turned into guaranteed profit.

So how exactly does this work?

How Matched Betting Works

1. Sign Up:
   Open an account with a sportsbook that is offering a sign-up bonus for new customers. One of the most popular types of promo offer is a free bet, such as Bet $10 get $10.
   
   
2. Place a Qualifying Bet:
   Also known as a ‘back bet’, this is where you place a bet with your own money on a specific outcome. For example, you might bet on Team A to win a football game.
   
   
3. Place a Hedge Bet:
   Also known as a ‘lay bet’. Now place a bet against Team A with a different sportsbook. With this bet, you're betting that Team A will not win and have ‘matched’ your bet. This means that all outcomes of the game are covered and your returns will cover all costs making it risk-free.
   
   
4. Repeat Steps 2+3:
   Once the game has concluded and you have received your free bet, repeat the process on a different game. However, this time you will use your free bet for one team. And once again, it doesn’t matter which team wins because you have covered all possible outcomes!
   
   
5. Withdraw Your Profit:
   After the required bets have been completed, you'll have a guaranteed profit which you can then withdraw from the sportsbook.

When the process is done correctly, it is completely risk-free because it is based on math, not luck.

2. Is Matched Betting a Scam?

The short answer is: no. Matched betting is not a scam. It is a legitimate strategy which works by taking advantage of legally offered promotions by sportsbooks and turning them into guaranteed profit using the technique shown in section 1 of this post.

The matched betting process is simple and straightforward. Absolutely anyone can can learn how to do it once they understand how the process works. And what’s more, you can do it from the comfort of your own home. As long as you are physically located within a state where sports betting has been legalized, you can do matched betting.

In fact, matched betting has already helped 500,000+ people across the US and Europe increase their monthly income. You’ll even find this ever-increasingly popular side hustle covered in some major media outlets and publications, including The Telegraph, VICE, The Guardian and HuffPost.

3. Common Misconceptions About Matched Betting

Although matched betting is gaining popularity as more people discover its money-making potential, unfortunately there are still some misconceptions floating around. These matched betting myths can be confusing for those new to the side hustle. So let’s dive right in and clear up some common misconceptions. 

Matched Betting is a Form of Gambling

This is a common misconception, but an easy one to bust. Because matched betting involves placing multiple bets to cover all potential outcomes of an event, it isn't based on luck or left to chance like traditional gambling is. The risks associated with gambling just aren't there.

It Takes a Lot of Time and Effort

This can be true in that learning the basics takes a few hours of your time. But once you’ve mastered it, the process becomes much simpler. Plus, specialized tools and software can help speed things up.

Matched Betting is for Experienced Bettors Only

Another myth. Matched betting is a simple strategy which can be understood by complete beginners. And if you use a reputable matched betting platform, you’ll find all the support you need, including step-by-step guides.

It’s Too Good to Be True

There is often skepticism around the idea of "guaranteed profit." However, the very concept of matched betting means that profit can be locked in and guaranteed. By placing matching bets to cover all outcomes of a sports event, you are able to turn sportsbook free bets and promos into real profit.

It’s Not Profitable in the Long Term

It’s not just new customers who can benefit from free bets and other sportsbook promos. Sportsbooks often like to reward their existing customers too through offers known as 'reload offers' or 'ongoing offers'. This means that once you’ve completed all of the signup offers available, you can continue to make a profit, thanks to matched betting.

Matched Betting is a Scam

This is possibly the most off-putting myth you may have heard about matched betting. But let’s say it again: matched betting is not a scam. It is a completely legal and legitimate strategy used to turn sportsbooks’ promotional offers into real and guaranteed profit - just ask our members!

4. Benefits of Matched Betting

Now that we’ve busted some myths and established that matched betting is not a scam, it’s time to look at some of the biggest benefits of matched betting.

• Risk-Free Profits:
  Since matched betting is based on mathematical certainty rather than chance, the unpredictability associated with traditional gambling is removed. As long as the system is followed correctly and bets are placed carefully, there is no risk of loss, making it a reliable method for generating income.
  
  
• Low Barrier to Entry: Anyone can do matched betting. As long as you are above the minimum legal age required to open a sportsbook account and are in a state where sports betting is legal, you can matched bet without any prior experience or knowledge.
  
  
• Flexible Side Hustle: Many people do matched betting around their existing commitments. Due to its flexibility, it is the perfect side hustle for thousands of Americans who use it as a way to add to their earnings in their free time.

5. How to Start Matched Betting Safely

If you're ready to start earning guaranteed cash through matched betting but don’t want to spend hours scanning through sportsbooks for the best odds and offers, the simplest and most effective way to do so is finding a reputable matched betting platform.

ProfitDuel makes it easy for you to get started. Our platform is designed to help you jump into the world of matched betting with ease, providing you with all the tools and support you need to turn sportsbook promotions into real money.

Join our growing community of members who are already earning thousands of dollars every single month, totally risk-free.

So what are you waiting for? Sign up today with our special new member offer of 7 days of ProfitDuel Premium for just $1 and start your journey toward guaranteed profits.