Exchanges
Matched betting
Backing an outcome with a bookmaker and laying the same outcome on an exchange, to turn free-bet offers into a small, mostly fixed profit.
Example A $10 free bet backed at 5.00 and laid on an exchange keeps about $7–8 whatever happens.
- Watch out
- Bookmakers can close offers to accounts that only take promotions. Mistakes in the stakes can cost real money.
Related
Exchanges
Lay bet
Betting that something will not happen: you act as the bookmaker and take someone else’s back bet.
Bonuses
Bonus bet
A bet token from the bookmaker. In most cases only the winnings are paid, not the token’s own value.
Slang
Limited
When a bookmaker caps the stakes you can place or removes you from offers, often after you win or take mostly promotions.
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