Is Matched Betting Illegal? Yes or No?
Is Matched Betting Illegal? Don’t be silly.
The answer to the question “is matched betting illegal?” is a short and simple one. Matched Betting is completely legal.
This answer may not satisfy everyone, so let’s have a closer look at what Matched Betting actually is and why it isn’t illegal. If we break it down into its simplest form, we are merely placing two bets on the same event with different companies. Nothing about that is illegal. We will win one of the bets and lose another. What we decide to do with each of the companies has no effect on the other.
Let me clarify that.
I have been asked a few times both in person and online whether matched betting is illegal.
This issue stems from people linking together the fact that this is using ‘betting sites’ and that this is a ‘risk-free’ way to make money. People instantly think it must be illegal if not, then it’s just too good to be true.
So, is Matched Betting Illegal?
The short and long answer is no. Matched betting is legal.
Hope that helps to clear up the confusion. Don’t worry. I was there too!
If you are interested in dipping your toe into matched betting then the best (and free) way to start is by grabbing a free trial at a matched betting service. This way you can get a feel for matched betting and whether or not it is right for you and whether or not it lives up to the hype.