Understanding Matched Betting in Finland

Understanding Matched Betting in Finland

Match betting is coming up as one of the best ways to earn extra money. It’s a betting strategy that allows betters to make money through the promotions offered by bookies. Matched betting is typically deposit bonuses or free bets. Rather than betting on someone you think will win, what needs to be done is to cover all the potential outcomes of an event. This way, you make a profit no matter the outcome.

This risk-free system uses a two-bet system. This is done to eliminate all the risks which are generally associated with sports betting. Additionally, it guarantees profits. Now, let’s get to know how matched betting works in Finland. Keep reading to find out all the information regarding it, and for our Finnish readers you can skip this article and go ahead to this site for all the possible information about betting in Finland.

Will You Pay Tax on Matched Betting Winnings?

Because the Government receives money from Veikkaus, bettors are eliminated from paying taxes on their winnings. This means that whatever you earn, you get to keep it all to yourself.

How Does it Work?

As we said, matched betting will involve two wagers for bets. One will be with your real money and the other one with your bonus money. On top of this, you will have to place a small wager to qualify for a free bet. Moreover, the second bet has to be placed on a different site. This is done so that the bookie doesn’t see that you are placing your bet against yourself. There are betting exchanges available, which are ideal for matched betting because betting exchanges allow betters to place lay bets.

The two parts of the matched bet consist of a lay bet and a back bet. The matched bet would mean the winnings from the back bet will be covered if you face any loss from the lay bet.

• A back bet

A back bet will be betting on an outcome to come true. For example, you are betting on Finland because you think they will win a back bet. If your hypothesis comes true, you win your back bet. However, if Finland draws or loses, then you will lose your stake as well. To place a back bet, you can choose any bookmarker, for example, Betfred, William Hill, Paddy Power, etc.

• A lay bet

When you bet against a specific outcome, then it becomes a lay bet. For example, you bet on Finland thinking that they won’t win. If Finland draws or loses, then you win your bet. Placing a lay bet is possible on betting exchange sites, for example, Betfair.

Overall, you will be eliminating your odds of losing money by placing two bets. Even if there is a possibility of losing money by losing the back bet, your lay bet is there to save you. Overall, what you are doing is you are matching your own bet. Hence the name matched betting.

How to Find the Best Matched Betting Opportunities in Finland?

The best way to go about it would be to look for bookies who offer the biggest and the best welcome offers. The best, of course, is no deposit offer; however, this offer is quite hard to find these days in sportsbooks. But you can look for free bets, stake returns and no returns, deposit bonuses, and risk-free bets. The only thing that you need to pay attention to is reading the free bet terms policies; some sites will make their free bet terms quite complex.

Now that you have understood what matched betting is, go and try it once, and you will notice that placing a matched bet is not difficult.