What is Liability in Matched Betting?

If you decide to get involved in Matched Betting, on a regular basis, then it is helpful to know about a series of terms, from a technical perspective, in order to form and implement result-oriented strategies. One such typical term that you can never ignore is ‘liability’.

What is the precise meaning of liability?

Liability, in straightforward terms, is the total amount of money that you require in a personal betting exchange account for covering your particular lay bet. Hence, you need to always keep in mind the exact amount in this context when you are chalking out requisite strategies.

Related Guide: What is a Betting Exchange?

Placing a lay bet (accounting for the liability)

The moment you place a lay bet on a reliable betting exchange site, the balance in your account would get reduced. The extent of reduction would be equivalent to the amount of your liability. This specific ‘liability’ would then be ‘locked away’. The issue would be solved after the bet gets settled.

Related Guide: Top Ranked Betting Exchange in UK for Beginners

Acting like a typical bookmaker

At the time when you place a lay bet in any of your betting exchange accounts, you actually perform an action just like a bookmaker. The bookmaker does the same thing on their platform.

Liability would be in your name

As you act like a bookmaker in the matched betting sphere, the liability accrued would be in your name. This means you would have an obligation to pay out the winnings to a bettor, in situations when your placed lay bet does not win.

Liability of lay bet

Before going further with matched betting activities, you need to understand the concept of liability of a lay bet. The winnings, discussed previously, which you need to pay to the bettor, form the liability of lay bet on the betting exchange platform.

Related Guide: What is Lay Betting?

The meaning of ‘exposure’

When the liability under your betting exchange account is locked away, it is termed as ‘exposure’. You might have a question here – when does it gets unlocked? As said earlier, when a horse race comes to an end, or when a football match is completed, the liability is unlocked.

When the bettor wins

If the bettor wins the bet, obviously you get a liability under your account, set by the betting exchange. You have to pay the bettor.

When the bettor loses

On the other hand, when the bettor loses, you get back your liability from the betting exchange.

A takeaway tip

Keep in mind the fact that when the odds are higher in a bet, the liability would also be higher on the betting exchange platform when you lay a specific bet. Hence, when you are a novice in this field, it is suggested to begin with lower odds.

Get expert help

It is, of course, a good measure to seek expert help from experienced punters from the betting world. Try to get in touch with a person or company that provides Free Matched Betting Service. By expanding your knowledge on this subject, it is guaranteed that you would gain more expertise.

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Jargon Glossary

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!

  • 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.

  • 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.

  • 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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A Brief History..
Frequently Asked Questions
  • 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.

  • 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.

  • 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.

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