What is a Qualifying Bet?
When you get involved in matched betting, you come across several terms. A qualifying bet is an important aspect of matched betting. It forms a major part of your strategies. You can increase your profit margin by winning qualifying bets. This blog expands the concept a bit more.
What actually is a qualifying bet?
A qualifying bet, as the name suggests, is a bet that qualifies you for some positive return, when you win it. The bookmaker offers you the bet. An offer can be something like receiving money from the bookmaker when you initially place bet with your money and win it.
Types of qualifying bets
Qualifying bets have two broad categories. The bet can be in the form of a free offer. It can also be a bonus. You have the flexibility to choose. It is important to read the features of the bet before playing it.
Where can you find qualifying bets?
Exploring the interface of the bookmaker is essential. It is easy to find the bets. Often, you are notified about the bets. The bookmaker does display the offers on the official website. You can receive information via e-mails, too. Also, check out the social media handles of the bookmaker.
Money back offers can also be qualifying bets
You would be delighted to know that money back offers, in many cases, can fall under the category of qualifying bets. After you place the bet and win it, you get a refund from the bookmaker.
How does a qualifying bet work?
The working dynamics of a qualifying bet is pretty straightforward. You have to select suitable odds of an event and place a back bet with the bookmaker. At the betting exchange, you need to lay the bet against the exactly same selection.
The consequence
Whatever be the outcome, the back bet and lay bet cancel each other. The first case is winning at the bookmaker and losing with the betting exchange. The second case is losing at the bookmaker and losing with the betting exchange. Remember that there is a small service commission charged on qualifying bets.
Do not forget to check the terms
It is extremely crucial to properly check the terms of qualifying bets. Keep in mind the fact that a qualifying bet is applicable to any sport. Also, the minimum odds, in most of the cases, for which you need to play, are half (1/2).
Don’t miss your calculations
It is not a good idea to take qualifying bets lightly. You need to do the regular calculations of predicting the returns. Use a good betting calculator. Make entries of relevant details to get the figures. Clear your doubts before placing the bets.
Related Guide: Loss on Qualifying Bets in Matched Betting and How to Minimise It?
Seek technical help
It is practically important to have some technical knowledge about qualifying bets. You can seek suggestions from mentors. Also, you can take help from sources that provide Free Matched Betting Service. Make your betting strategies clear and smart. Do the necessary research but don’t stress out. You will gradually hone your betting skills.
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Back bet = betting on something to happen
Lay bet = betting on something to not happen
Betting Exchange = somewhere you can place lay bets
Profit Squirrel = the home of matched betting
Matched Betting = continue reading below 😁
Fractional odds = odds as a fraction (e.g. 4/1)
Decimal odds = odds as a decimal (e.g. 5.0)
What Is Matched Betting?
Matched betting is one of the best ways to make money online. It’s a simple technique that allows individuals to earn a guaranteed profit from bookmaker free bets and promotions.
How does matched betting work? It involves betting on all outcomes of an event, removing the element of chance, whilst at the same time receiving free bets and other amazing promotions from the bookmakers. These free bets can then be converted to cash profit. The reason it is called ‘matched’ betting is because you are matching your bookmaker bet with an opposite bet on a betting exchange.
Matched betting has been around since the first betting exchange in 1999. Previously this technique was reserved for betting traders only, but thanks to Profit Squirrel and our simple to follow, step-by-step guides, we have made it easy for absolutely anyone to make money. Over 70 per cent of our members had never placed a bet in their lives before starting matched betting. We guide you through and support you every step of the way, starting with as little as £10 and making up to £1,000 from the bookmakers sign-up / welcome offers alone!
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Do I need betting experience or sports knowledge?
Nope! You don't need any knowledge of sports or betting to make money from matched betting. We have step-by-step, written and video instructions on all of the offers – you’re guaranteed to make money. The outcome of the event is irrelevant, so any prior knowledge or experience with sports is not needed.
As previously mentioned, over 70 percent of our members had never placed a bet before starting with Profit Squirrel.
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Is Matched Betting Legal?
Sounds too good to be true, right? Matched betting is 100% legal. Profit Squirrel has been enjoyed by over 100,000 people in the UK and has national coverage in The Guardian & The Telegraph. We're simply taking advantage of bookmaker's generous free bet promotions.
So long as bookmakers offer sign-up bonuses and ongoing free bets you will always make guaranteed profits with matched betting.
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Does It Involve Gambling?
Matched betting is not gambling. Despite having the word 'betting' in the name, as well as using betting platforms in our execution of the technique, there’s no gambling involved.
Profit Squirrel teaches you exactly how to cover all outcomes so that no matter the result, you can profit from the free bets.
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Frequently Asked Questions
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Is Matched Betting available outside of the UK?
Profit Squirrel is the best matched betting site focused on both United Kingdom and Republic of Ireland residents. It could well be that bookmaker's offer profitable free bet promotions in your country of residence, but they will likely vary from those listed on Profit Squirrel. The same principles still apply wherever you are in the world, but you will need to find the offers yourself.
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Will it affect my credit rating and/or mortgage application?
Using bookmakers will not affect your credit rating. Bookmakers only carry out a 'soft search' in order to verify that your registration details are correct. This will never impact your credit rating. Which makes sense as you are not applying for any kind of credit.
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What if I already have some bookmaker accounts?
Even if you have a handful of bookmaker accounts already, we have over 70 welcome offers alone, so there will still be plenty of profit on the table.
We also show you how to make money from your existing accounts too. Sign up and start making money, today!
What is Profit Squirrel?
Profit Squirrel is the home of matched betting. We specialise in helping newbies learn & earn with matched betting, so that they can start profiting from Day 1.
We provide free video guides, software, and calculators. Making money online has never been easier. Profit Squirrel provide many support options, including, live chat (on the website), WhatsApp messenger, email support and a private Facebook community with over 30,000 fellow members.
Your Next Steps...
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Follow our Matched Betting Guides
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Make a start with your first welcome offer
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We have lots of support options!
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