As known from:
VA

Matched Betting Strategy

Join PromoGuy for the Best Matched Betting Strategy Alternatives

Many sports betting fans around the world use a matched betting strategy to maximize their profits from the various promotions offered by online betting sites. However, for US players, matched betting sadly isn’t an option.

It’s not all doom and gloom though, as there are plenty of alternatives to matched betting in the US. By joining PromoGuy today, you can get your hands on free daily picks that use odds boosts and promos to help you place more profitable bets. If you want to boost your bankroll, PromoGuy will help you do it.

Read More
mb-test-image
Subscribe to PromoGuy for free and boost your bankroll!
Get started now!
or follow us here on these channels:
TwitterYoutubeFacebook

What's PromoGuy all about?

Video: What is +EV Sports Betting? A Beginner's Guide To Finding Value Bets

What is +EV Sports Betting? A Beginner's Guide To Finding Value Bets

What is +EV Sports Betting? A Beginner's Guide ...
PromoGuy Youtube – 19/01/2024
+EV Sports Betting Explained: Hey guys! In this video we run you ...
Promo Guy
2023-06-08 15:16
Arizona you've got a +EV boost on BetFred 🌵 Fair value: +222 EV: +5.5% Recommended units: 0.6 New users bet $50 and get $111 in bonus bets ➡️ https://t.co/EiqK5Y2WkI https://t.co/V5elg6GUXV
6 2
Read More
🔥 The PromoGuy Promise

🆓 Completely Free Picks!

🤑 Proven ROI of 30%+

📈 Vetted Odds Boosts & Promos

🕵️ Find Profitable Bets for you!

💰 Start boosting your Bankroll

Pick your Bookie right now!
Bet365
Bet365
4.6/5
Caesars
Caesars
4.5/5

Meet the PromoGuys!

Video: Welcome To PromoGuy!

Welcome To PromoGuy!

Subscribe to our picks
100% FOR FREE
Get started now!

Monthly Performance

December 2021 175 Picks 66 Wins 37.70 Win % 428.36 Monthly Net 17380.32 YTD Net
January 2022 195 Picks 83 Wins 42.56 Win % 2,716.10 Monthly Net 2716.10 YTD Net
February 2022 162 Picks 68 Wins 41.98 Win % 840.35 Monthly Net 3556.46 YTD Net
See full betting history in the tracker sheet

What is a matched betting strategy?

In other words, what is matched betting and how can you use it to make profits?

Matched betting is a strategy used to make no-risk profits from betting site promotional offers. These promotions typically come in the form of free (or risk-free) bets, enhanced odds and cashback offers. A matched betting strategy involves placing a back bet at a betting site and a lay bet at a betting exchange. In layman’s terms, a back bet means gambling on a selection to win the market, whilst a lay bet is betting against that outcome.

To minimize your matched betting risks when qualifying for promotions and maximizing your profits when using free or enhanced bets, you need to find close matches between the back and lay odds. The best way of finding these matches is to use a specialist matched betting website. These sites contain details of the latest matched betting offers available, plus a matched betting calculator that locates the best matched bets to place and tells you exactly what to do in order to maximize your profits.

Promo

Matched betting strategy: An example of how matched betting works

  1. A popular online betting site is offering new customers a $20 free bet if they sign up, make a first deposit and place a bet of at least $20 on an NFL market.
  2. Your first step is to use a matched betting site to locate the closest match for your $20 qualifying bet. In this case, the best match is to place a $20 back bet on the Houston Texans to beat the Las Vegas Raiders at odds of +400. You then need to place a lay bet and exchange using a stake of $19.60 at odds of 410.
  3. A Texans win will give you a profit of $80 at the betting site, but a loss of $80.40 at the betting exchange. A Raiders win gives you a $19.60 win at the exchange, but you lose your $20 back bet. Essentially, the result is immaterial and you are $0.40 down overall regardless of who wins.
  4. This means that we have qualified for the $20 free bet. To maximize profit from this we again need to find a close match between the back and lay odds.
  5. Using the same game and the same odds, we can place our $20 free bet on the Texans and lay it using a stake of $15.67.
  6. In this scenario, a Houston victory would mean a win of $80 at the betting site and a loss of $64.33 with the exchange. A Raiders win would see you lose your free bet, but make $15.67 at the exchange.
  7. Once again, the result of the game makes no difference. Whatever happens, you have a profit of $15.67. If you subtract the qualifying loss of 40 cents, your overall profit from this offer is $15.27.

Is a matched betting strategy viable in the United States?

The bad news for anyone looking to use a matched betting strategy is that the Federal Wire Act of 1961 effectively means that matched betting in the US is not currently a viable option. This Act prohibits cross state betting. In other words, all betting markets have to cover just a single state.

This raises the problem of market liquidity levels. Limited markets mean limited liquidity, and limited liquidity means that betting exchanges are unable to pay out on wins. This is why there are no legal betting exchanges currently operating in the United States. Sadly this means that a conventional matched betting strategy is not possible for sports betting fans in the United States.

Of course, US gambling laws can change. And whilst there are no current plans to amend the Federal Wire Act of 1961, it is plausible that the act will change in the future. Should this happen, we will update our articles accordingly.

Matched betting strategy: EV betting

That’s the bad news. The good news is that whilst matched betting is not possible in the United States, there are many alternative strategies that players can use. One such option is EV betting -  a strategy that uses the positive expected value in betting markets to enhance profits from betting offers. Expected value is the average winnings you can expect to make if you placed the same bet repeatedly at exactly the same odds and the conditions remained exactly the same.

EV discounts one-off factors such as luck, which could affect the result of an individual running of an event. Instead, it considers the long-term factors, as this gives the true value of the bet. An EV betting strategy looks for positive EV betting options (in other words, bets that will outperform their odds over the long term) and uses them to enhance the chances of making profits from betting promotions.

How to profit from EV sports betting?

So is value betting profitable? Yes, as long as it is done correctly. Let’s look at how betting markets are put together and how EV betting can put the odds in our favor.

When betting sites set odds they want to make a profit. To do this they apply a small commission to the odds. This commission is commonly known as ‘vig’ (sometimes ‘juice’). This vig creates a problem for bettors as it skews the odds in favor of the betting sites.  To get around this problem, an EV betting strategy focuses on betting promotions. Because these offers give you free bets and enhanced odds they push the odds back in the player’s favor, and make it easier to find positive EVs in the markets.

The hard way to find positive EVs is to thoroughly research sporting events and sports betting markets. This is extremely time-consuming, tedious and requires a large level of knowledge. The simple alternative is to use an expert EV betting site. These sites do the hard work for you - they provide you with tools such as an EV betting calculator and guides on how to exploit offers. These tools will enable you to discover the best EV betting options and tell you how to use them correctly. These specialist sites are the best way to progress with an EV betting strategy. They will save you time, help you find the best offers and give you the optimum chance of making profits from EV betting.

Conclusion - Matched betting strategy

As the example in the guide illustrates, a matched betting strategy can produce some excellent results, without carrying the risks associated with traditional betting. Therefore, it is hugely unfortunate that matched betting is not currently a viable option for gamblers in the United States. Fortunately, EV betting does represent a good alternative that US players CAN use. Whilst it is not entirely risk-free, if done correctly EV betting can be a solid way of making regular profits from online betting offers.

The best way of profiting from an EV betting strategy is to use a specialist site. This will help you to identify the best promotions and the best positive EV options. Of course, you will still need to put some work in yourself - always double-check your bets and always read the small print of an offer. Doing this will ensure you do not make any errors that could prohibit you from claiming a promotion. Good luck!

Pick
1.877
Pick
Wins
898
Wins
ROI
21.5%
ROI

Matched betting strategy FAQ 

🏈 What are the best matched betting football offers?

Matched betting football offers can be some of the very best on the market. However, because betting sites regularly change their offers, the location of the best offers can also regularly change. To get the very latest news of matched betting football offers, make sure you regularly read the articles at CaptainGambling.com.

❓What is the best betting strategy for me?

There are lots of betting strategies available to players in the United States. Each carries its own level of risk and its own level of difficulty. Before committing to a specific betting strategy you need to research all of them and decide which best suits your circumstances and betting preferences. You can read a wide range of betting strategies at CaptainGambling.com./faq-item]

Because of the Federal Wire Act of 1961, cross state betting is not permitted in the USA. That means all states have their own online gambling laws. And to complicate matters further, these laws are regularly subject to review and amendment. To get the very latest news on state gambling laws in the US, visit the legal news articles at CaptainGambling.com.

Top Betting Sites
Top Betting Promos
Bet365
Bet365
Bet365 Review
4.6/5
BetMGM Sportsbook
BetMGM Sportsbook
BetMGM Sportsbook Review
4.6/5
FanDuel Sport
FanDuel Sport
FanDuel Sport Review
4.5/5
Bet365
Bet365 Promo
First Bet Safety Net up to $1000 OR Bet $5 and Get $150
T&Cs apply
4.6/5
At bet365 we don't do ordinary, that's why if you sign up now you'll get the choice of two great New Customer Offers, the First Bet Safety Net up to $1000 or Bet $5 and Get $150 in Bonus Bets. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+
BetMGM Sportsbook
BetMGM Sportsbook Promo
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
T&Cs apply
4.6/5
FanDuel Sport
FanDuel Sport Promo
Bet $5 Get $200 in Bonus Bets if your bet wins
T&Cs apply
4.5/5
Our Team
Mark LewisJosh SchwartzDrew the DFS GuyDan HolmesMike Goodpaster
Mark Lewis
Mark Lewis
Editor
Josh Schwartz
Josh Schwartz
Editor
Drew the DFS Guy
Drew the DFS Guy
DFS Expert
Dan Holmes
Dan Holmes
Sports Writer
Mike Goodpaster
Mike Goodpaster
Editor
Get the latest updates in Sports and Casino via our Newsletter

21+ and present in VA. Gambling Problem? Call 1-800-GAMBLER.

This site is using Cloudflare and adheres to the Google Safe Browsing Program. We adapted Google's Privacy Guidelines to keep your data safe at all times.
Virginia Town HallCloudflareSSLco² neutral
Close
Subscribe to PromoGuy for free and boost your bankroll!
Get started now!
×
Your Promo Code:
The bonus offer of was already opened in an additional window. If not, you can open it also by clicking the following link:
Play now