Qualifying Bets: Winnings
Key Takeaways
Understanding Qualifying Bets is one of the most important aspects of Matched Betting. Read the Qualifying Bet Finder introduction before continuing.
With some Qualifying Bets, the reward is based on the amount that you win. For example, “double your winnings” or “receive Site Credit up to 50% of the winnings.” To receive the reward you must win the wager.
Example
Examine the Terms and Conditions
Key takeaways from the T&C
- Reward Based On: Winnings
- Limit Max Bet: Does not apply
- Reward Type: Bonus Bet
- Reward Modifier: Double your winnings, therefore 100%
- Max Reward Value: $50
- Must be a spread bet on the North Carolina Tarheels vs Virginia Tech Hokies game. The fine print states no alternate lines.
Use the Qualifying Bet Finder.
Set the league filter to NCAAF.
Set the market filter to spread.
Set the single event filter to the Virginia Tech vs North Carolina game.
Choose the sportsbook you need to place the Qualifying Bet on then enter the key takeaways from above.
After selecting the bet you want, viewing the bet slip provides all the details needed to properly hedge ensuring maximum profit. In this example on Caesars you would place the $55 Qualifying Bet on North Carolina -5.5 at -110. Then place a Hedge Bet on MGM of $72 on Virginia Tech +5.5 at -105. Either way, you will profit $13.
Clicking “Details” or the information icon displays further details explaining exactly how you profit $13 no matter the outcome of the event. It is important to note that you must convert the Bonus Bet after receiving it from this Qualifying Bet.
