Common Questions Asked About Match Betting

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To some people, match betting is a new experience, making them have so many questions they need answers to. With these questions answered they might feel more comfortable partaking in match betting.

  • What Is Matched Betting?

Matched betting is a platform where you place opposing bets on the same match, race, game or event so that you can win, irrespective of the results. On OddsMonkey, you can earn how to use the welcome offers and free and unrestricted bets provided to new and existing users to maximize your earnings.

  • How Much Money Can I Make?

The amount of money you can make depends on how much time you spend matched betting. Most of OddsMonkey’s users are constantly making up to £1500 every month, with some more advanced members gaining much more.

  • Are There Any Risks?

Just because you are covering all results or outcomes by backing and laying your bets, you are effectually removing the risks that are connected with traditional betting. Human mistake is the only actual risk, like not checking for the newest odds or placing an incorrect bet.

  • Do I Need To Know Anything About Betting?

You don’t really need to know anything about betting to participate in it because matched betting is not like traditional betting and there are over 100 step-by-step guides and video tutorials created by OddsMonkey to make sure that you know just what you are doing. OddsMonkey users have a series of backgrounds when it comes to their understanding and experience of matched betting and they are recording constant profits ever month.

  • Do I Need To Know Anything About Sports?

Sports matched betting is more about calculations and the method use in backing and laying your bets than about what the bets are really been made on.

  • Is It Legal?

Absolutely, matched betting is 100percent legal. There is no illegal component in match betting. It is a free bet and you can do whatever you like with it.

  • What Is The Best Sport To Bet On?

What you feel is best to bet on is totally up to you. On Oddsmonkey you can get a variety of sports you can bet on like football, tennis, horse racing, cricket and ice hockey.

  • How Much Money Do I Need To Get Started?

At first, you can start with £50 to get you up and running.

  • Where Do I Find Offers And Free Bets?

You can find offers on Oddmonkey’s Daily Offer Calendar.

  • I’ve made a Mistake. Can I Cancel My Bet?

As soon as a bet is been placed with a bookmaker, technically, such bets cannot be cancelled. But, there are some ways you will be able to cancel out the mistake. Some bookmakers provide a cash-out option, where you can get back part of your stake. Or, you can offset the bet by setting in a betting exchange, like Betfair, using one of Oddsmonkey’s handy calculators.

  • What Is The Difference Between Backing And Laying Bets?

A back bet is a bet placed with a bookmaker on something to occur, while a lay bet is the opposing bet made on something not to occur and is placed with a betting exchange.

  • Do I Need To Be Good At Maths?

Having an understanding is good, but you don’t necessarily have to be maths pro.

  • When Can I Withdraw My Winnings?

To know this, you will need to read the terms and conditions for every bookmaker. While some will let you withdraw straight away, others will ask you to reuse your winnings a few times at first.Bottom of Form