Even more illegal is multi-accounting for the purposes of matched betting and/or arbitrage. In fact, those experienced in matched betting also often get involved in bonus hunting, to find more opportunities. Punters use free bets to carry this out, which normally breaks the terms and conditions of acceptance of a free bet. Some use betting exchanges to carry this out, while others will utilize more nefarious techniques.
In wagering on sports and other types of online betting, matched betting sees punters make elaborate calculations and place several bets to cover all outcomes. But even its simpler iterations often go against bookmakers’ terms and conditions, so it is generally considered fraudulent. However, it involves exploiting signup and other bonus offers, so betting operators do their best to stop it.ĭepending on how it’s conducted, matched betting can fall anywhere from a gray area to completely illegal. Matched betting involves strategically placing bets on an event in a way that allows one to win no matter the result, while taking advantage of free bet offers.īecause you’ve covered all possible outcomes, matched betting does not involve gambling but math.
