Matched Betting Explained

A Comprehensive Guide to Matched Betting From New Zealand

Gambling Kiwis who've heard about matched betting as a successful online sports betting strategy to earn risk-free money may wonder how it works and if it's legal in New Zealand. 

This article delivers answers to this question in detail. We'll also shed light on several surefire tips to winning top dollar on matched betting. 

Excited yet? Let's dive in!

What Is Matched Betting? 

Matched betting is a two-bet system involving betting on probable outcomes of sporting events to get decent to astronomical wins regardless of the game's result. 

This betting format typically requires taking advantage of sign-up bonuses, reload bonuses, or other available offers from a bookmarker guaranteeing free bets. 

Typically, you'll need to place a standard wager — the qualifying bet — to earn the free bet offer. 

Then, you'll stake the free bet on one sporting outcome (i.e., Auckland City to win). Now, place an opposing bet (Auckland City to lose) at another betting exchange to contradict the initial bet, guaranteeing you'll walk away with money irrespective of the match's outcome. 

Matched betting doesn't qualify as gambling. Instead, it's a no-risk strategy covering all possible outcomes of a sporting game and involves expert calculations. 

Matched Betting in New Zealand - Is it Allowed?

Kiwis would be excited to learn that matched betting is legal in New Zealand. In fact, you can place matched bets in jurisdictions where sports betting is legal.

Kiwi gamblers can facilitate these bets across limitless bookmakers and betting exchanges licensed in NZ.

Pros and Cons of Matched Betting

Matched Betting Tips and Strategies

• Use a Separate Bank Account: You shouldn't use your main bank account for matched betting transactions for several reasons. For one, it's more challenging to track how much you're spending and winning when your matched betting earnings are mixed with your everyday transactions. There are some popular payment methods in New Zealand we can recommend. Some of these are online casinos that offer Skrill as a payment option. This way you can have a separate e-wallet for your betting transactions.
• Use a Matched Betting Calculator: If you're new to matched betting, you'll struggle to do the math alone. A matched betting calculator is vital to determine how much you should bet and your potential profits. 
• Get Expert Help: Matched betting can be complex if you're a first-timer. You may struggle to learn the strategies independently. Thus, you'll need expert guidance, such as a matched betting site offering a daily dose of tips and strategies. 

Final Thoughts

Matched betting is an excellent sports betting strategy to get seismic wins at the best betting sites in New Zealand.

However, it requires more than placing opposing bets at a sporting exchange. You'll need to do your research and learn the tricks and hacks.