In sports betting, two terms that often surface are matched betting and betting each way. Both techniques have distinct features and are employed by bettors to optimise their chances of winning and managing risks. In this article, we try to understand matched betting and how betting each way works. We also analyse the role of the popular betting platform Orbit Exchange (Orbit X) in matched betting.
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Matched betting is a popular strategy used by both beginners and experienced bettors to turn the odds in their favour and minimise risk. The essence of this form of betting lies in taking advantage of the free bets and bonuses offered by bookmakers. The process involves placing two opposing bets on the same event to ensure a guaranteed profit, regardless of the outcome.
Here’s how matched betting works:
Back bet: The first step in matched betting is to place a “back” bet on a specific outcome, often using a free bet provided by the bookmaker. For example, you might back Team A to win a football match.
Lay bet: The second step is to place a “lay” bet on the opposite outcome, which essentially means betting against the outcome you backed. In this example, you would lay Team A not to win (meaning they either lose or draw) on a betting exchange.
By placing these two bets, you ensure that you cover all possible outcomes. As a result, you won’t win or lose any money, but you’ll qualify for the free bet offered by the bookmaker. Once you have the free bet, you can repeat the process, this time aiming for a profit.
Matched betting is a precise and systematic approach that requires careful calculations and a keen eye for opportunities. It’s a risk-free way to build a betting bankroll using the bookmakers’ offers.
Betting each way
Betting each way, often seen in horse racing and golf, is a strategy that allows bettors to hedge their bets and potentially secure a win even if their selection doesn’t finish first.
Here’s how betting each way works:
Back bet: You place a “back” bet on a particular selection to win the event. For instance, you back a horse to win a race.
Place bet: In addition to the win bet, you also place a “place” bet on the same selection. The place bet means that your selection doesn’t need to win but must finish in the top positions (e.g., 2nd, 3rd, or 4th, depending on the event and the bookmaker’s terms).
Betting each way increases your chances of winning by covering both the win and the place outcome. If your selection wins, you receive a payout for both the win and place bets. If your selection places but doesn’t win, you still receive a payout for the place bet.
The each-way strategy is especially popular in horse racing, where it’s not uncommon for a selection to finish in the top positions without winning the race. It’s a tactic that offers a degree of insurance against your selection narrowly missing out on first place.
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Difference between matched betting and betting each way
The main difference between matched betting and betting each way is the fundamental objective of each strategy:
Matched betting: The primary goal of here is to guarantee a profit by exploiting free bets and bonuses offered by bookmakers. It’s a risk-free strategy that doesn’t rely on predicting sports outcomes.
Betting each way: Betting each way aims to increase the chances of winning by covering a win and a place outcome. While it offers some insurance, it doesn’t guarantee a profit. The potential payouts are determined by the odds and the terms offered by the bookmaker.
Matched betting and betting each way are two distinct strategies used by bettors to enhance their chances of success. The former is a calculated approach that capitalises on free bets and bonuses, ensuring a guaranteed profit.
Betting each way, on the other hand, is a tactic employed in sports like horse racing to cover both win and place outcomes, maximising the chances of a payout even if the selection doesn’t win.
Understanding these strategies empowers bettors to make more informed and strategic choices when placing their bets.
Role of popular platform Orbit Exchange in matched betting
In matched betting, Orbit Exchange offers competitive odds. Bettors can find great odds for both back and lay bets, essential for the balanced bets. This ensures that bettors can maximise their potential profits when executing matched betting strategies.
Additionally, Orbit Exchange’s user-friendly interface and responsive customer support make it an attractive choice for matched bettors. Its intuitive platform simplifies the process of placing bets, and the prompt customer support is invaluable for resolving any queries or concerns that may arise during their betting journey.
Orbit Exchange reviews often highlight its reliability and efficiency, making it a trusted platform for matched betting enthusiasts. Moreover, the commission structure on the Orbit betting exchange is competitive, allowing bettors to manage their costs effectively, which is vital when optimising profits in matched betting.
Orbit Exchange plays a crucial role in matched betting by offering competitive odds, user-friendly features, reliable customer support, and a lucrative commission structure. These elements make it a go-to platform for bettors looking to implement matched betting strategies effectively, ultimately contributing to their success in this lucrative betting approach.
Q. What is Orbit Exchange, and how does it work in matched betting?
Ans. Orbit Exchange is a sports betting exchange that allows users to back and lay bets on various sports events. In matched betting, it serves as a platform for placing lay bets, a critical component of the strategy to ensure risk-free profits.
Q. Why is Orbit Exchange popular among matched bettors?
Ans. Orbit Exchange is popular among matched bettors due to its competitive odds and user-friendly interface.
Q. Is matched betting legal on Orbit Exchange?
Ans. This form of betting itself is a legal strategy, but its permissibility may vary by region. Users should check is sports betting is legal in their jurisdiction before using Orbit Exchange.