What is matched betting and how does betting each way work?

In the vast and dynamic realm of sports betting, strategies like matched betting and betting each way have gained popularity for their potential to mitigate risk and enhance profitability. These strategies are not only used by seasoned bettors but are also accessible to beginners seeking a smarter approach to sports betting. In this comprehensive guide, we will delve into what matched betting is, how betting each way works, and how you can leverage these strategies to make the most out of your bets in betting exchange.

Understanding Matched Betting

People use matched betting as a popular strategy to profit from the free bets and incentives offered by bookmakers. It is often hailed as a risk-free or low-risk betting method because it leverages the principles of betting against oneself to ensure a win-win outcome. Let’s dive deeper into how it works:

What Is Matched Betting?

Matched betting is a method that involves placing two opposing bets on a single event, one at a bookmaker and the other at a betting exchange. This is done to ensure that no matter the outcome, you secure a profit or break even.

Read more: betting on orbit exchange with crypto

The Core Principles of Matched Betting

It relies on the following key principles:

  • Back Bet: Placing a bet at a bookmaker on a particular outcome.
  • Lay Bet: Placing a bet at a betting exchange against the same outcome.
  • Matched Betting Calculator: A tool used to determine the exact amounts to bet for guaranteed profit.
  • Free Bets: Bonuses and promotions offered by bookmakers, which are used for this.

The Matched Betting Process

The process typically involves the following steps:

  • Find a bookmaker offering a free bet.
  • Place a qualifying bet with the bookmaker.
  • Place a lay bet against the same outcome at a betting exchange.
  • Use the free bet from the bookmaker to place another back bet.
  • Lay the free bet to guarantee a profit.

Read more: best free AI tools in betting

Betting Each Way

Betting each way is a popular strategy, especially in horse racing and golf, designed to provide a level of insurance in case the selected outcome doesn’t win but still performs well. Here’s how betting each way works:

What Is Betting Each Way?

Betting each way involves placing two bets on a single selection: one for the selection to win and the other for it to place. The “to place” portion of the bet typically covers the top few positions, depending on the number of participants and bookmaker rules.

The Core Principles of Betting Each Way

Key components of betting each way include:

  • Win Bet: The bet that the selected outcome will win the event.
  • Place Bet: The bet that the outcome will finish within the specified range, usually top 2, 3, or 4, depending on the event.
  • Each Way Fraction: The fraction of the win odds paid for the “place” portion of the bet.

The Betting Each Way Process

When you place an each-way bet, you are essentially placing two bets – a win bet and a place bet – on the same selection. Here’s how the process typically works:

  • You choose your selection and decide on the stake for your each-way bet.
  • Half of your stake goes on the win bet, and the other half goes on the place bet.
  • The each-way fraction determines how much of the win odds are paid out for the place part of the bet.
  • If your selection wins, both the win and place bets pay out. If it places but doesn’t win, only the place bet pays.

Read more: Sports available on Orbit Exchange

Benefits of Matched Betting

Matched betting offers several benefits, making it an attractive strategy for bettors:

Risk Reduction

One of the most significant advantages of matched betting is its low or no-risk nature. By placing opposing bets, you can ensure a positive outcome regardless of the event’s result.

Guaranteed Profits

With matched betting, you can lock in a profit before the event even takes place, thanks to the use of free bets or promotions offered by bookmakers.


Matched betting is accessible to bettors of all levels, from beginners to experienced punters. You don’t need in-depth sports knowledge to make it work.

Long-Term Profit Potential

Matched betting isn’t limited to just one or two bets. It can be a consistent source of profit over time as long as there are promotions available from bookmakers.

Read more: Orbit exchange sites login

Benefits of Betting Each Way

Betting each way also has its share of advantages, especially in specific sports and situations:

Insurance Against Loss

Betting each way provides a safety net in case your selected outcome doesn’t win but still performs well enough to place, ensuring you don’t lose your entire stake.

Enhanced Chances of Winning

Betting each way increases your chances of securing a return on your bet, as it doesn’t solely rely on your selection winning the event.

Suitable for Longer Odds

This strategy is particularly useful when betting on selections with longer odds, where the likelihood of winning outright may be lower.

Implementing Matched Betting and Betting Each Way

Implementing Matched Betting

To get started with matched betting, follow these steps:

  • Sign up with a reputable betting exchange and bookmaker.
  • Find a bookmaker offering a free bet or promotion.
  • Use a matched betting calculator to determine the ideal bets to place.
  • Place the back bet with the bookmaker and the lay bet at the exchange.
  • Repeat the process with other free bets and promotions.

Implementing Betting Each Way

To use the betting each way strategy:

  • Choose a selection and decide on your stake.
  • Split your stake in half, with one part going on the win bet and the other on the place bet.
  • Ensure you understand the each-way fraction and how it affects your potential payout.
  • Place the each-way bet and wait for the event’s outcome.

If you are interested in sports betting, orbit exchange is a platform which is perfect for you. Check more about it in our other articles.

Frequently Asked Questions (FAQs)

Is matched betting legal?

Matched betting is legal in many countries, including the UK. However, it’s crucial to understand the laws and regulations in your specific location to ensure compliance.

Do I need a large bankroll for matched betting?

Matched betting can be started with a small bankroll, and it can grow over time as you reinvest your profits.

Can I use matched betting for any sport?

While matched betting is commonly associated with sports, it can also be applied to casino promotions and various other events offering free bets.

How do I calculate potential returns with each-way bets?

Use the each-way fraction provided by the bookmaker to calculate potential returns for the “place” portion of the bet. For the win portion, it’s simply your stake multiplied by the win odds.

To know more about orbit exchange, read more on betting exchange online.

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