Matched Betting – Is it FINISHED? | NEW account restrictions rolled out
FTS Betslip 22nd April Episode No.978 – EPL , Izzy, FTS Racecard
Matched betting is a really great way to get started in your Betfair trading career.
It’s a form of arbitrage betting where you can back at various prices and net a risk-free profit from sports betting.
It has been very popular over a large number of years and popular amongst students to supplement their income. Even MoneySaving Expert has a matched betting forum!
As gambling legislation tightens, however, the very concept of this betting strategy could be under threat.
Free bet offers and sign up incentives are coming under close scrutiny, but this week I learn that the Betfair exchange had introduced deposit limits on accounts of anybody aged 18-25.
Deposit limits are roughly the same as loss limits, but are phrased as ‘spend budgets’ by Betfair.
I don’t think this will be a problem if you are Betfair trading. But they could be a problem if you are a traditional punter or matched bettor.
This is because if you get a losing run, you will effectively be stopped out of your account until the start of the following month.
It’s not ideal and could mean the end of matched betting for anybody aged under 25.
If you want to get involved in the compliance side of things that I mention in this video, you may want to read the thread on the Bet Angel that popped up over the last year: –
In this video: –
00:00 – Introduction
00:36 – What is Matched Betting
01:39 – New account restrictions announced
02:31 – Why has this been introduced?
03:27 – Betfair introduce spend budgets for under 25’s
06:10 – How to increase your limit
07:22 – What do I think about these restrictions
08:44 – Understanding the implications and whether it will affect you
#matchedbetting #betting #betfairtrading