What is a Matched Bonus?
A matched bonus is just another form of deposit bonus. The term Matched Bonus i derived from the fact the bookie will match your deposit 100%, quid by quid. Matched bonuses are usually given to you on your first deposit, but you may also receive it on later deposits.
All matched bonuses comes with terms and conditions such as wagering requirements, minimum odds and a validity period. You can read more about these things in the section below.
How do I find the best matched bonus?
When it comes to finding the best matched bonuses there are a number of things to look out for. Naturally, the matched bonus amount is crucial, but don’t stare yourself blind on the sum. Just as important are the terms and conditions for the matched deposit bonus. Below is a list of the most important things to look for when choosing a matched bonus.
Practically every deposit- and matched bonus comes with wagering requirements. Other names for wagering requirement is turnover and play through requirement.
The wagering requirement is the number of times you have to stake your bonus before you can withdraw it as cash or transfer it to other products. Some bookies present the wagering requirement for both you deposit and bonus amount combined. This, of course, will be a lower number than if they presented the wagering requirement for the bonus amount solely. In our strive to alleviate your bonus comparison, we always present the wagering requirements for the bonus amount (not with the deposit included).
The minimum odds at which the bonus can be wagered is another important factor to keep track off. If you bet on odds that are lower than the minimum odds your bets won’t count towards the wagering requirements. The minimum odds is typically somewhere in between 2/5 (1.40) and 1/1 (2.00).
Matched bonuses are usually just valid for a certain number of days, this is the period in which the wagering requirements must be met. A failure to meet the wagering requirements within the stated time period will often result in a loss of all bonus funds and any associated winnings.
What is the difference between Matched Betting and Matched Bonus?
If you’ve read the the sections above you should know what a matched bonus is by now. Matched Betting on the other hand is something very different.
Matched betting is a technique used to profit from bookies, where two bets at different bookies are pitted against each other. If you find the the right odds you can use this technique to make a profit regardless of the outcome of your bet. This method is very time-consuming and the guaranteed profit is often very small. Matched betting is used in connection with deposit bonuses and free bets to hedge all the possible outcomes so, no matter what happens, the value of your deposit bonus or free bet is retained.
Owlie's Insight: Matched betting is a technique used to make a guaranteed profit, regardless of the outcome of your bet.