Money Making through Matched Betting - Is it legal ?

[syamster]

Matched betting is a way of squeezing out the many free bets offered by bookmakers. All the bookies promote these offers to entice new gamblers to place bets with them.  Back in one site and lay in other site.   It is generally considered risk-free as it is based on the application of a mathematical equation rather than chance.

I have one question, Is this legal, is the bookmakers close my account, if they know I am doing matched betting...

[rickadone]

Generally, matched betting is considered legal.
However, bookmakers have the right to place restrictions on your account if you take advantage of the free bets. Worse, they can even ban your account and you won't be able to withdraw anything.

[syamster]

Generally, matched betting is considered legal.
However, bookmakers have the right to place restrictions on your account if you take advantage of the free bets. Worse, they can even ban your account and you won't be able to withdraw anything.

Thats what I am afraid of doing this, with matched bet we can make some serious money, if the bookies allow without any restriction... but nothing is sure...

[JasonXG]

Matched betting is a way of squeezing out the many free bets offered by bookmakers. All the bookies promote these offers to entice new gamblers to place bets with them.  Back in one site and lay in other site.   It is generally considered risk-free as it is based on the application of a mathematical equation rather than chance.

I have one question, Is this legal, is the bookmakers close my account, if they know I am doing matched betting...

Of coarse its allowed. But you must understand you can have infinite amount of people bidding the same bid the odds would change so u have nothing to worry about.

[patt0]

Matched betting is a way of squeezing out the many free bets offered by bookmakers. All the bookies promote these offers to entice new gamblers to place bets with them.  Back in one site and lay in other site.   It is generally considered risk-free as it is based on the application of a mathematical equation rather than chance.

I have one question, Is this legal, is the bookmakers close my account, if they know I am doing matched betting...

It's legal, and if you do it well the bookmakers will actually like you. Since you are losing on the house that gives you the bonus.
The problem is when you win there and normally withdraw after completing the rollover. That way there might be a chance that they lose money with you.

I used to do it with fiat, but I never find bonuses with bitcoin to do it as well.
Are you doing it with bitcoin sportsbookers? (like direcetbet etc)