No risk-matched betting sites
Gambling Joker Staff Last updated: We have the complete list of all legal, no-risk matched betting sites with the best promos for Matched Betting.
Best no-risk matched betting sites
The list presented below contains legal and licensed US online gambling websites that provide sign-up promos that can be used for matched betting.
No risk matched betting: All sites are 100% legal & licensed by the state.
| Company | Bonus | Features | Visit |
|---|---|---|---|
 | bet365 Sportsbook Bet $1, get $365 |
| Visit Bet365 |
 | DraftKings Sportsbook Bet $5, get $150 |
| Visit DraftKings |
 | Caesars Sportsbook Up to $1,500 in bet credits |
| Visit Caesars |
 | BetMGM Sportsbook Up to $1,000 in bonus bets |
| Visit BetMGM |
 | BetRivers Sportsbook Get up to $500 in bonus bets |
| Visit BetRivers |
What is no-risk matched betting?
In order to benefit from free bets and other bonuses provided by sports betting sites, the technique of matched betting is placing wagers on both sides of a sporting event. Extraction of the most value possible from these promos while lowering the risk of losing money are the two main objectives of matched betting.
This is accomplished by placing a series of bets that cancel each other out so that regardless of the outcome of the event, the bettor will make a profit. This approach is sometimes referred to as “risk-free” because the bettor is guaranteed to make a profit as long as they follow the betting strategy correctly.
However, it’s essential to remember that gambling always carries considerable risk, and success with matched betting is not guaranteed. Always bet responsibly and within your budget when you gamble.
No risk-matched betting example
Here is a simple example of how risk-free matched betting might work:
How To do no risk Matched betting
To ensure that you are placing bets that will assure a profit, it is crucial to know that matched betting needs careful calculation and planning. To avoid any potential problems, it’s also crucial to thoroughly study the terms and conditions of the free bet bonuses. And do remember, there is no such thing as a “no-risk bet.”
Total Time Needed :
30
Minutes
Total Cost:
20
USD
Required Tools:
Things Needed?
Steps on how no-risk matched betting works:
A bookmaker offers a promotion in which they will give new customers a free bet of $10 if they place a bet of at least $10 on a sports event.
The bettor takes advantage of this promotion by placing a $10 bet on Team A to win a sports game at odds of 2.0 (implied probability of 50%). This means that if Team A wins, the bettor will receive a payout of $10 x 2.0 = $20.
The bettor also places a $10 wager on Team B to win the same game at the same odds of 2.0 using a betting exchange like Betfair. This indicates that the bettor will get paid out $10 x 2.0 = $20 if Team B triumphs.
The bettor will receive a free bet of $10 from the bookmaker, which they can use to place a bet on either Team A or Team B. Let’s assume they place a bet on Team A.
If Team A wins, the bettor will receive a payout of $20 from the bookmaker and a payout of $20 from the betting exchange for a total profit of $20.
If Team B wins, the bettor will receive a payout of $10 from the free bet from the bookmaker, and a payout of $20 from the betting exchange, for a total profit of $10.
In either case, the bettor will have made a profit and will have effectively canceled out their risk by placing bets on both sides of the event.
This is obviously only a simplified example, and in reality, matched betting may be a very complicated process. Before putting actual money on the line, it’s important to know the risks and potential rewards of any betting strategy.