Matched betting a relatively new concept in India where gambling is heavily restricted. Betting is illegal in most parts of the country, but there are no specific laws that outlaw the activity. Customers with betting exchanges can lay bets, which means residents of India have access to matched betting. The activity involves taking advantage of free bets from sportsbooks based in India through no risk matched betting. And several operators offer new Indian customers free bets. As part of this matched betting guide, here are also the betting sites that provide the best odds for matched betting in India.

Best betting sites for matched betting:
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Min dep: ₹1,000 | Wagering: 1x
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New players offer.

You must deposit and wager at least ₹2,500 on odds of 2.00 of higher to receive your ₹2,500 free bet.
The bonus is valid for 90 days.
Skrill, Neteller and Paysafecard deposits do not qualify for this offer.
Be sure to always read the full bonus terms on the betting site.
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Min dep: €20 | Wagering: 1x deposit
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T&Cs
New players offer.

You get a 100% up to €100 bonus with your first deposit of at least €20.
Deposits via Skrill or Neteller do not qualify for this promotion.
You must wager the deposit amount 1x on odds of 1.50 or higher to unlock the bonus.
You must then wager the deposit and bonus 6x on odds of 2.00 or higher for singles and 1.50 or higher for combo bets.
The bonus is valid for 30 days.
Be sure to always read the full bonus terms on the betting site.
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4.5 rating
4.5
T&Cs
New player offer

You must wager at least €30 on any sports events and on any odds.
You get 2x €10 risk free bets and can place wagers on single bets at odds of up to 5.00.
Should your risk free bets be a losing one, you get a 100% refund without wagering requirements.
Be sure to always read the full T&Cs on the betting site.
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Min dep: ₹80 | Wagering: 5x
4.3 rating
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T&Cs
New players offer.

You get a 100% up to ₹10,000 bonus with your first deposit of at least ₹80.
You must wager the bonus at least 5x on accumulator bets.
Min. odds of 1.40 of higher per bet.
The bonus is valid for 7 days.
Be sure to always read the full bonus terms on the betting site.
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4.0
T&Cs
New player offer
Minimum deposit: 100 INR.
Wagering requirements: 12 times the bonus.
Odds: 1.70.
Maximum bonus: 25,000 INR.
Bonus expires: 30 days.
Be sure to always read the full T&Cs on the betting site.

Matched Betting India Guide

Matched betting is one of the ways to make money online in India. The first online gambling licenses were issued in 2010. Residents of India are not banned by law from registering with fixed odds bookmakers and betting exchanges. That means no risk matched betting India is not illegal, so there are betting opportunities. However, you should bear in mind that the leading betting exchange in the world does currently not accept bets in India.

Nonetheless, the law does not prohibit online sports betting, so betting sites are not doing anything illegal. A betting industry in India must have active bookmakers and betting exchanges in order for matched betting to work. Bettors must be able to place a back bet and a counter lay bet.

Here are our guide and Frequently Asked Questions about matched betting in India:

What is matched betting?

Matched betting is a universal concept that is not just for bettors in India. No risk matched betting is feasible where online sportsbooks and betting exchanges are legal. The activity uses free bets to make easy money. It involves placing bets and counter bets to guarantee a profit whatever the outcome of the betting events.

“It involves placing bets and counter bets to guarantee a profit whatever the outcome of the betting events.“

The following terms are important if you are embarking on no risk matched betting in India:

  • Bettors bet on something to happen when they place a back bet.
  • Bettors bet on something not to happen when they place a lay bet.
  • Bookmakers accept back bets.
  • Betting exchanges accept back and lay bets.

You have to be able to match a lay bet on a betting exchange to profit from matched betting India. Exchange bookmakers provide the platform for peer-to-peer betting. It brings together backers and layers at a mutually beneficial price. The second element of betting type is placing the counter lay bet to the initial back bet.

How to do matched betting?

Here is a step-by-step guide to utilizing matched betting as one of the ways to make money online in India.

  1. Open an account with any of the online fixed-odds bookmakers that is legal in India, listed above.
  2. Open an account with a betting exchange that is legal in India.
  3. Select a betting site that offers a free bet as part of the welcome offer.
  4. Place a qualifying back bet.
  5. Place a counter lay bet.
  6. Claim the free bet.
  7. Use the free bet to back something to happen.
  8. Place a counter lay bet on the same thing not to happen.

A matched betting calculator, available to residents of India, determines the stakes for the lay bet. The most popular calculators are available on OddsMonkey and Profit Accumulator. These resources do not tailor their services to bettors in India. However, residents of the country can take advantage the betting opportunities in the UK. We can expect the activity to develop as betting becomes less restricted.

“Qualifying and free back and lay bets can be on cricket markets, as long as customers can place counter lay bets on a betting exchange.”

Betting sites in India focus on cricket, which is the most popular betting sport in the country. Operators in India do take bets on other sports such as soccer and tennis. However, cricket is huge and the IPL (Indian Premier League) generates a massive amount of betting turnover. Qualifying and free back and lay bets can be on cricket markets, as long as customers can place counter lay bets on a betting exchange.

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How does matched betting work?

Matched betting has little risk because the mathematical equation behind it produces profit regardless of the outcome of the event. Back qualifying and free bets can be manipulated through counter lay qualifying bets and free bets. The calculator works out the lay stake based on the lay odds, back bet and back odds.

Free bet bonuses for you:
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T&Cs
Existing player offer
You must place at least €25 on 4, 5, 6 or 7 days a week, from Monday to Sunday.
Minimum odds: 1.50
You then get a €5, €10, €15 or €20 free bet according to how many days you placed bets.
The bonus is automatically credited on the following Monday and can be used on any sport or market.
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T&Cs
Existing player offer
Visit the promo page to see the question and send your answer.
Place a qualifying bet on the theme of the week. This bet must be a multiple with two selections or more with odds of 2.0 or bigger per leg.
You get a ₹500 free bet for one correct answer, a ₹1,000 free bet for two correct answers and a ₹2,000 free bet for all three correct answers.
Your free bets expire within 7 days.
Be sure to always read the full T&Cs on the betting site.
ComeOn Daily ₹500 Free Bet
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Be sure to also visit ComeOn casino; wager ₹500 on Lightning Roulette within a week and claim a ₹500 free bet the following Monday.
T&Cs
Existing player offer
You must wager at least ₹500 on Lightning Roulette within a week.
You get a ₹500 free bet for sports on the following Monday.
Your free bet is valid for 7 days on odds of 1.50 or higher.
Be sure to always read the full T&Cs on the betting site.
ComeOn ₹500 Free Bet
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Play with ComeOn; if your cricket team lets you down, you get a 50% refund in the form of a free bet of up to ₹500.
T&Cs
Existing player offer
You must wager on cricket odds of 2.00 or higher.
You get a 50% refund of your first losing bet and up to ₹500.
Your free bet is valid for 7 days on odds of 2.00 or higher.
Be sure to always read the full T&Cs on the betting site.

Matched Betting Calculation

The best way to illustrate no risk matched betting India is by way of the worked example. In this betting guide, we will display how to make money by placing two types of bet, in the back and lay markets:

QUALIFYING BET

5,000 INR back at odds of 3.0.
4,688 INR lay at odds of 3.25.

There are 2 potential outcomes:

  1. If the bet wins, you win 10,000 INR from the back bet but lose 10,548 INR from the lay bet for a net loss of 548 INR.
  2. If the bet loses, you lose 1,000 INR from the back bet but win 4,688 INR from the lay bet for a net loss of 322 INR.

So, there is a small loss regardless of the outcome but you have unlocked the free bet.

FREE BET

5,000 INR back at odds of 5.0.
3,670 INR lay at odds of 5.50.

There are 2 potential outcomes:

  • If the bet wins, you win 20,000 INR from the back bet but lose 16,565 INR from the lay bet for a net profit of 3,485 INR.
  • If the bet loses, you lose the free bet but win 3,670 INR from the lay bet for a net profit of 3,670 INR.

Hence, the guaranteed overall profit is 3,485 INR or 3,670 INR, regardless of the outcome.

What is no risk matched betting?

No risk matched betting is possible because the calculator works out the stakes for the counter lay bet. There are no inherent risks in this process. However, you must enter the information accurately into a calculator. The tool can only calculate the correct lay stake based on the bet information that the bettor in India enters. Mistakes with bet entry will negate some of the benefits of no risk matched betting India. The net guaranteed profit will be of less value.

“No-risk matched betting is possible, if you eliminate any errors and place the lay bet in a timely fashion.”

You must place the lay bet without delay. There is only a small time frame to place the lay bets because the odds will soon change. The matched betting opportunity from free bets will soon disappear as the lay odds respond to weight of money. You could place the back bet and, if the odds change before you place the lay bet, the overall profit will be less. So no-risk matched betting is possible, if you eliminate any errors and place the lay bet in a timely fashion.

How much money can you make from matched betting?

It is difficult to say how much money you can make. Exploiting all the sign up free bets offers from leading operator in India could potentially net about 50,000 INR. Matched betting can bring in about 2,000 INR per hour, but it is not possible to be active for more than two hours each day. Another added benefit is that matched betting can generate a tax-free second income. However, the rewards are modest and not life changing. It is only one of the ways to earn money online!

Read More
Matched Betting FAQ

Matched betting is a process by which bettors use free bets  and incentives from bookmakers to win money regardless of the outcome.  Most betting sites that serve the Indian market have a welcome offer that can come in the form of a bonus or free bets. In matched betting, you use the free bet and back any other outcome with a bookmaker or betting exchange. Matched betting using an exchange involves laying the back bet to win risk-free money.  You will forfeit a small percentage of the winnings because the lay odds are bigger than the back odds.

The process of matched betting has a number of steps:

  • Place the qualifying bet with a fixed odds bookmaker.
  • Lay this outcome with a betting exchange.
  • Receive the free bet.
  • Use the qualifying bet to back an outcome with a fixed odds bookmaker.
  • Lay this outcome with a betting exchange.

If the bets are placed at the right time, it is possible to win up to 70% of the bonus with no risk. You are not relying on the result of a bet and mathematically you must win. An important tool is a matched betting calculator which works out the appropriate lay bet based on the back bet. There are now a number of websites that feature the odds calculator that is useful for matched betting.

Bookmakers who provide free bets as part of the welcome offer are aware of matched betting. There is history of closed accounts when the bookmaker sees evidence of bonus abuse. Many bettors open a betting account to claim the welcome offer and use free bets in this way. The amounts are reasonably small but matched betting could have a short-shelf. However, there are any number of fixed odds bookmakers who offer free bets for new customers.

Here is a practical example of the process of matched betting when the bonus is ₹5,000 and the offer is a 100% matched bet bonus. Let’s assume the minimum deposit is ₹1,000 and the bonus s is for up to ₹5,000. The value of the qualifying bet is the same as the free bet bonus. So, here is another step-by-step guide with figures which shows how to do matched betting:

  • Deposit ₹5,000.
  • If required place a qualifying bet.
  • Calculate the lay stake based on the odds.
  • Receive the free bet but lose ₹7,000 in the process.
  • Use the free bet to place a ₹5,000 back bet.
  • Calculate the lay bet using the calculator
  • Place the lay bet and enjoy risk-free wins.
  • Assume the free bet does not return the stake.
  • Win about 70% of the free bet value without risk.

The growth of betting exchanges at the start of the century has simplified this process. However, bear in mind that timing is key and the opportunity to place a risk-free will not last long. As more bettors adopt the method the potential profit from matched betting may fall. The relative odds could change which means some free bets will produce a much smaller certain profit.

In theory, sports betting is illegal in India. However, residents can open accounts with offshore betting sites. These bookmakers are licensed and regulated so they provide a legal sports betting service. That means you can legally place back and lay bets to qualify for free bets and do the same with the free bets to ensure a profit regardless of the outcome. The process involves placing a back bet and a lay bet with a betting exchange or using two bookmakers to earn the free bet. Matched betting is legal with offshore fixed odds bookmakers and betting exchanges.

Even though matched betting is legal, some bookmakers close accounts or limit stakes when there is evidence of matched betting. The bookmaker says this is bonus abuse which is not permitted in line with the operator’s Terms & Conditions. Initially, before matched betting was widely used, bookmakers did not monitor the use of free bets. The early matched betting experts could make a substantial amount of money legally. However, bookmakers are aware that free bets are being used in this way and will close accounts or limit the stake to a small amount.

The key to the matched betting process is backing one outcome with a fixed odds bookmaker and laying the same outcome with a betting exchange. The back bet is usually at bigger odds than the lay bet so you lose a small percentage. The matched betting calculator works out the stake based on the current back and lay odds. Betting odds are constantly fluctuating in response to market forces. If there is lay pressure on a price, that price will increase which takes up more of the potential profit. In this case, you don’t lose money as such but win less.

There is one scenario in which it is possible to lose money when matched betting. You place the back bet and then place another back bet with the betting exchange in error. The counter bet should be a lay bet but placing another back bet means you are vulnerable to the bet losing. Conversely, the back bet wins so both bets win but that is betting on the result rather than ensuring a profit regardless of the outcome. Mistakes can be costly with matched betting because the situation cannot be retrieved once the bets have been placed.

The matched betting activity grew in response to bookmaker free bets and bonuses. You place a qualifying back bet and counter lay bet to qualify for the free bet. The free bets are matched with a lay bet on a betting exchange. It is not possible to win risk-free money matched betting when bookmakers are not offering a free bet or other incentive as part of the welcome offer. Backing and laying the same outcome has the potential for losing money because the back odds are lower than the lay odds. Markets can fluctuate quickly so the loss potential increases.

The matched betting concept works when bookmakers offer bonuses as a part of the registration process. These bonuses can be no deposit, match deposit and match bet. If the welcome bonus features enhanced odds there is potential for a small win by taking advantage of the back odds being bigger than the lay odds. However, the potential profit is a much smaller proportion of the stake compared to matched betting that utilises free bets. Offers that include extra places on horse race bets do provide the potential for small wins.

Matched betting involves placing two bets on the same outcome so the stakes increase. Let’s assume you place a back bet on an outcome that is 2/1 (3.0). To simplify the example, we will assume the same back and lay price but in reality the back price is smaller than the lay price. Here are the bets:

  • ₹5,000 back bet at 2/1 for a stake of ₹5,000.
  • ₹5,000 lay bet at 3.0 for a liability of ₹10,000.

Therefore, you need ₹1,500 to place the qualifying back and lay bet. The bigger the lay price, the more money you require to complete the first stage of the process. The betting accounts will be updated before the second stage but if the free bets replicate the qualifying bets, you will need a total balance with the bookmaker and betting exchange of the same ₹1,500. The size of the initial betting bank depends on the back and lay stake and odds.

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