Boost My Budget utilizes affiliate links. I may earn a commission from the links on this page if you sign up for any services or make a purchase, at no additional cost to you. Matched Betting has been quietly gaining popularity as a money-making strategy in the world of wagering. Contrary to its name, matched betting is not gambling. It’s a precise strategy based on mathematical calculations that guarantees profit every time when done correctly. However, it does come with some risks. In this post, we will delve into the details of matched betting, including its differences from traditional gambling, potential risks, and legal/ethical aspects. If you’re interested in trying matched betting, I recommend Outplayed, a platform that provides step-by-step tutorials, a list of offers, calculators, tools, and excellent customer support. While matched betting is not gambling, it’s important to note that it can potentially lead to gambling for some individuals. Therefore, if you or someone you know has struggled with gambling or addiction, it is advised to avoid matched betting and seek help from organizations like GamCare or the National Gambling Helpline. Matched betting is not completely risk-free, as human error, changes in odds, cancellations, or withdrawal of offers can impact the outcome. Legally, matched betting is perfectly fine in the UK and is not seen as a punishable offense. Additionally, matched betting earnings are tax-free, as they are not considered trading income by HMRC. As for ethics, there may be debates about the morality of exploiting bookmakers’ offers for guaranteed profit. However, matched bettors argue that they are simply using the promotions within the rules set by bookmakers.

The post Is Matched Betting Considered Gambling? 🤔 first appeared on Business Colleague.

The post Is Matched Betting Considered Gambling? 🤔 appeared first on Business Colleague.