Are you the one who has claimed a matched bet bonus considering it as a matched deposit bonus? Well, then you are highly mistaken!
Read this detailed review to learn the difference between both these bonuses and how & where to claim matched bet bonuses?
Our experts have also shared the best sports where you can get the benefits of using matched bet deposits. Let’s first check the list of top#10 online sportsbooks featuring this exclusive bonus for Indian players.
The Best Sports Betting Sites in India with Matched Bet Bonus -updated 2022
What is Matched Bet Bonus?
Unlike the matched deposit bonus, the matched bet bonus is credited only to players who have already placed successful bets on sports games. The advantage of using this unique bonus bet is you are always at profit. For example: Betway offers a free bet worth INR 500/- to every new user.
Note: Remember to claim the matched bet within 24 hours.
Pros & Cons of Matched Bet Bonus
- Matched bet bonuses are sometimes offered as loyalty and reload deposit bonuses. So You may not need to make a deposit on some betting sites to earn a matched bet bonus.
- Low wagering requirements.
- Simple terms & conditions.
- Whether you win or lose, betting sites are always at profit. 5% of your winnings belong to a betting site as a part of commission excluding taxes.
- You need to place a successful bet to claim this bonus offer.
- About 90% of the time, you need to make a deposit ..
How to claim Matched Bet Bonus offer?
- Step 1: Register on a betting site featuring matched bet bonus.
- Step 2: Now, deposit the money into your betting account.
- Step 3: Choose your favorite sport to place the bet.
- Step 4: Confirm the bet
- Step5: Activate this offer from your account.( if your bet is successful).
Some popular Sports in India to use Matched Bet Bonus
Undoubtedly, Cricket betting is always at the top whenever it’s about sports. But, our shortlisted betting sites give you fair chance to use your matched bet bonus on any o your favorite sports available on the bookmaker site The list includes:
How does matched betting work?
First, you need to learn about two types of bets that will give you a clear understanding of how matched betting actually works. Let’s discuss!
- ‘Back’ bet: It’s a kind of positive prediction that goes in the favor of the team. For example: To place a INR300/- bet that India will win the match. Outright winner, top batsman, top bowler, and others are the kind of back bet available at almost every betting site.
- ‘Lay’ bet: To bet against the outcome. For example, Sunriser Hyderabad will not win the match. That means you can win only if SRH will lose or draw the match. This bet can be placed at an online sportsbook featuring a Betting exchange feature.
Important facts about Matched Betting
How betting exchange helps getting matched bet bonus?
Matched bet bonus is available at online sportsbooks providing betting exchange facilities. Here, the players can bet against each other or against themselves at the same odds instead of a betting site. Same odds( laying bets) refers to matching your bet value with another player who has placed a bet on the same outcome but for a different prediction.
When is the free bet/matched bet bonus rewarded?
In case you placed a successful lay bet, a free bet is automatically credited to your betting account. That’s how you earn the profit hence and forth. Now it’s up to you to decide to withdraw this free bet or use this again to place another lay bet.
How much profit can I earn using a matched bet bonus?
Generally, you get 95% of winning payouts. Because 5% of your matched bet bonus is credited to the respective betting site. That means whether you lose or win, the online bookmaker site is always at profit.
What’s the risk of losing money in placing a matched bet?
The players are always at profit as they are placing bets on both the outcomes ( to win or to lose) at the same odds in the same event. So, the risk of losing money is almost zero.
Terms & Conditions of Matched Bet Bonus
It may vary subject to the choice of your betting sports and site. Check below the standard terms & conditions for matched bet bonuses.
- You must be at least 18 years of age.
- A player must place a real money bet on selected sports.
- Matched bet bonuses may take 24 hours to reflect in your betting wallet.
- Bookmakers deduct 5% commission + taxes on your payouts.
- The minimum & maximum bonus amount is pre-fixed by the bookmaker.
- Applicable on selected sports and comes with pre-set odds.
- Fulfill the rollover requirements to cash out the winnings obtained through matched bet bonus.
Some Other Popular Bonuses & Offers on Indian betting sites
Welcome bonus or sign-up bonus is available at every betting site. The aim is to encourage and attract new users to place free bets on their favorite sports. Make sure to check terms and conditions before you avail of any random offer. Always pick the ones with low wagering requirements. The welcome bonus is non-cashable.
No Deposit Bonus
Another kind of welcome bonus but is cashable. That means you can withdraw the winning payouts fulfilling the rollover requirements. Many professional bettors look out for such bonuses and are making huge profits.
Matched Deposit Bonus
Make an initial deposit and the betting site will immediately credit the same deposit value as a bonus into your betting wallet. You can use this bonus to play casino games or place bets on IPL matches, FIFA world cup or Kabaddi matches.
This bonus is meant for existing users. It works almost similar to a matched deposit bonus. As some percentage of your deposit is reloaded into your gambling site wallet. It can vary from 30 % to 90% depending on the online bookie.
Free bets are almost identical to matched deposit bonuses. That means you have to fulfill the minimum deposit requirements to claim your free bet. Free bets usually come with fixed odds. Claim your free bet worth INR500/- at betway today!
FAQs about Matched Bet Bonus
Yes, Why not? All you need to do is fulfill the wagering requirements as mentioned by the betting site. Also, make sure you have the sufficient withdrawal balance. You can also contact the 24/7 customer support in case of any doubt or query. Once done, you can raise the withdrawal request from your account.
Yes! It depends on the online bookmaker. Different betting sites have different sign-up offers for the new customers. We suggest try registering at 2-3 sports betting sites to earn free bets and increase your winning odds.
No! It rarely happens. Bookmakers are so busy that they will hardly check your credit score But even so, it won’t affect your overall score.
Our Final Verdict on Matched Bet Bonus
Now you have enough of knowledge about matched bet bonus. We have already shared the best betting sites in India featuring this exciting offer to start betting on your favorite sports.
Use this guide to claim and use this no-risk bonus offer for betting safe. Once you have understand the whole process of placing matched bets, there are better chances that you’ll win most of the time.
So, stop waiting and start betting at any of our experts recommended IPL betting sites to claim your matched bet bonus without any delay!