Matched Bonus Bet is the word given to the procedure for taking out gain that is bonded in the bonuses provided by online bookmakers. During the period of composing this post, as an example, Skybet are offering 20 stake 5 and in case you sign up. The ‘qualifying bet’ of 5 is subsequently followed up by setting the ‘free bet’ of 20. By ‘matching’ both of the bets in a betting exchange (Betfair), we are able to ensure to take out a gain. During the period of composing this post, there are over 715 worth of offers from UK Bookmakers.
The identical procedure is just putting two bets that are different. The first one is what’s called a ‘back’ bet. This can be set at Skybet. The second is called a ‘place’ bet. This can be set at Betfair. Because we’re covering all results this method includes no gaming.
Both the ‘back’ and the ‘lay’ are positioned on a single results and on a single game. As an example, the ‘back’ is set on Southampton to win at odds of 2.1 (only use decimal odds, not fractional odds). The ‘set’ can also be set on Southampton. By backing Southampton, we’re betting they will ‘win’. By ‘setting’ Southampton, we’re betting they will ‘not win’. The ‘back’ and the ‘set’ cancel each other out.
Let us take a look in a practical case of a qualifying Bonus Bet (from here referred to as a ‘Qualifier’. We’ll take the Southampton v Swansea game in the English Premier League:
Back Southampton using a stake
Likelihood of 2.1
Place Southampton using stake
Likelihood of 2.14
The reasons why we stake just a little extra on the ‘lay’ side is because Betfair bills a fee of 5% on any winnings, so that’s to be considered. Do not worry too much about the maths just.