What is a matched bet?

What is a matched bet?

If you are taking odds that have already been displayed on the BETDAQ service, then you will be matching some or all of someone else’s offer.  This results in a matched bet. A matched bet is a bet that has been joined between a backer and a layer. Matched bets consist of counterpart bets that are in opposing positions to each other.   

This bet is locked at those odds, regardless of how the market may shift, and will be settled in favour of the winner once the result is known.