Matched betting, from my own research, is not classified as gambling because I understand that it is totally risk free and you cannot lose money while being guaranteed profit. Is it permissible?
Matched betting, from my own research, is not classified as gambling because I understand that it is totally risk free and you cannot lose money while being guaranteed profit. Is it permissible?
Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 5 years ago
If there was really no risk of loosing in "matched betting", you would have seen all wealthy companies investing in it. Matched betting is a type of calculated betting which means it is a type of gambling with small percentage of risk. It is a betting and betting is not allowed in Islam.
Wassalam.