This Is the partner article to “Earn Cashback on a Bet Which is Already Sure to Win You Money – The Icing on the Cake!” which discussed using cashback sites to get an additional cash boost to your winnings through the bookies. Within this follow up article we are going to glance at the way of guaranteeing that you make risk free cash using online bookies free bet offers.
The typical deal is that you simply sign up to an online bookie and deposit some funds with them. After that you place a bet with them (usually for odds over 2.), once this can be settled you claim your free bet.
Just following the above procedure would not guarantee you free cash. There exists another element that must be included. This can be based around betting exchanges. Should you be new to betting exchanges they may be a relatively recent addition to BK8 that have become very popular. Briefly, this requires patching two bettors together who may have a desire for betting on one outcome of an event. An illustration could be for just one soccer team to conquer another.
If there have been two bettors, Peter and Paul, who wished to place a bet over a certain soccer team A beating another soccer team B then the betting exchange could patch them together. If Peter desired to bet on team A beating team B but Paul wished to bet against team A beating team B then whoever bet on the correct outcome would receive money from your other. Peter would be taking the traditional role in betting for team A to win, much like betting up against the bookie. On the contrary Paul will be betting against team A winning, essentially taking the bookie’s role.
Taking the position of betting against an event happening, like team A winning in the last example, is referred to as laying. This is exactly what will permit us to guarantee we win on each free bet that we receive from an internet bookie – and there are lots of to make the most of. For every event we would want to place two bets, a regular bet with all the bookie who is providing the free bet as well as a lay bet with a betting exchange. I will provide you with an example to explain this method.
Now, suppose that Paul recently learned about matched betting and wishes to give it a try. First he finds a bookie that is offering a free bet. Then he reads the conditions and terms from the free bet offer (essential – always read the T&Cs). He discovers that to get the free bet he must first place a bet together with his own money for £25 he then will receive a free bet of the same value after the qualifying bet has settled.
He finds, as an example, a football match where bookie offers likelihood of 3. for team A to win the match and also the betting exchange is offering 3.1 for team A to not win (i.e. for team A to lose or draw). Then he places £25 about this bet at the bookies and lays £24.59 at the betting exchange. This could seem like a strange figure to lay but when you work it it will akrhrn precisely the same return on whatever outcome takes place in the match. Which is a loss in £1.64 regardless of what happens.
This sounds like an unsatisfactory start. Paul has just lost money and that i said this was a guaranteed way to win risk-free! BUT, now we have now qualified for our free bet. So Paul’s next bet could have a much better outcome. Now he bets on player B to overcome player A at likelihood of 5. at the bookie and manages to get the same odds using the betting exchange. He uses his free £25 bet to set the bet at the bookies. Then he works out he has to lay £20.20 in the betting exchange to ensure that no matter what the result he will win exactly the same amount.
Now the match finishes and that he has won £19.19. Whenever we get rid of the £1.64 that Paul lost in qualifying for your free bet our company is left having a risk free profit of £17.55. Paul was quite pleased with the £17.55 he had just won – especially because he had already earned £10 before he even placed the bet! He is a frequent cashback site user and knew they offered free money for simply clicking their links to other sites. He made a quick hunt for bookies offering cashback at his usual cashback site. He clicked a hyperlink through to the bookie which had been supplying the free bet and earned himself an additional £10 for just two minutes work.
So for placing two risk free bets Paul had managed to earn himself £27.55. A good thing is the fact regardless of what the result he knew that he would be guaranteed to win money. Paul felt that it was quite nice to win money this easily and repeated this procedure over and over again.