To put a matched betting is just to bet a particular event is not going to happen, ie to take the position of the bookmaker.
Say that Man Utd are playing with Aston Villa in a soccer match. The chances for Man Utd to win (when expressed as decimal odds) are 2.25 (or 5/4 as fractional). The chances for Aston Villa to win are 4 (or 3/1). Chances for the draw are 3 (or 2/1).If you were to set Aston Villa to win, and you were willing to do this with a total of 10, you’re essentially offering 10 for someone to bet on Aston Villa to win. You permitting a punter to put a bet, and are taking the position of the Bookie. When you place a bet, you happen to be betting against that occasion happening – so in this example, you happen to be betting against Aston Villa winning the match. If Aston Villa draw or lose, then you happen to be not unsuccessful. If they win, have you ever lost your cash.
It is possible to place any bets at an online exchange, the ones that were most famous being Mansion and Betfair. We are going to discuss these in more detail later on in the post. Say Aston Villa win, you’ve got to pay 40 out. (The 10 lay and then the 30 winnings – 10 lay x chances of 4 = 40).Yet if Aston Villa do not win – they lose or draw, then you get the 10 lay, which was the punters cash.
Say that Arsenal and Tottenham Hotspur in a soccer match are playing. The chances for Arsenal to win (when expressed as decimal odds) are 3 (or 2/1). The chances for Tottenham Hotspur to win are 4 (or 3/1). Chances for the draw are 2.25 (or 5/4).If you believe there was going to be a bit of an upset, and you believe Arsenal will not win, you can set them to win. Say you put them at odds of 3, with 40. What this means is that if Arsenal don’t win, ie they lose or draw, you then’ve earned 40.If Arsenal do win, you then’ve got to pay out for the bet – 120. (The 40 lay and then the 80 winnings – 40 set x chances of 3 = 120).
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