This Is the partner article to “Earn Cashback on the Bet Which is Already Guaranteed to Win You Money – The Icing on the Cake!” which discussed using cashback sites to have an additional cash boost to your winnings from the bookies. In this particular followup article we shall consider the way of guaranteeing that you make risk-free cash using online bookies free bet offers.
The conventional deal is you sign-up for an online bookie and deposit some cash with them. Following this you set a bet along with them (usually for odds over 2.), once this can be settled you claim your free bet.
Just after the above procedure would not guarantee you free cash. There exists another element that must be included. This can be based on betting exchanges. If you are new to betting exchanges these are a fairly recent accessory for BK8 that have become very popular. Briefly, this requires patching two bettors together who may have an interest in betting using one results of an event. A good example could be for one soccer team to beat another.
If there were two bettors, Peter and Paul, who desired to place a bet over a certain soccer team A beating another soccer team B then this 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 the other. Peter will be taking the traditional role in betting for team A to win, similar to betting against the bookie. On the other hand Paul could be betting against team A winning, ultimately using the bookie’s role.
Utilizing the position of betting against a function happening, such as team A winning in the earlier example, is called laying. This is exactly what will permit us to guarantee we win on each free bet we receive from a web-based bookie – and there are many to benefit from. For each and every event we would want to place two bets, a regular bet with the bookie that is providing the free bet and a lay bet with a betting exchange. I will provide you with a good example to explain this procedure.
Now, suppose that Paul recently learned about matched betting and wishes to try it out. First he finds a bookie that is offering a free bet. Then he reads the terms and conditions from the free bet offer (essential – always browse the T&Cs). He discovers that to have the free bet he must first place a bet with his own money for £25 then he will get a totally free bet of the identical value when the qualifying bet has settled.
He finds, for instance, a football match where bookie is offering chances of 3. for team A to win the match as well as the betting exchange is providing 3.1 for team A to not win (i.e. for team A to shed or draw). He then places £25 with this bet in the bookies and lays £24.59 on the betting exchange. This might seem to be a strange figure to lay but if you work it out it will akrhrn the exact same return on whatever outcome happens in the match. That is a loss of £1.64 no matter what happens.
This sounds like an unsatisfactory start. Paul recently lost money and that i said it was a guaranteed way to win risk free! BUT, now we have now qualified for the free bet. So Paul’s next bet may have a far better outcome. Now he bets on player B to overcome player A at chances of 5. in the bookie and manages to have the same odds with all the betting exchange. He uses his free £25 bet to place the bet at the bookies. Then he works out which he needs to lay £20.20 at the betting exchange in order that regardless of what the end result he will win the same amount.
Now the match finishes and then he has won £19.19. If we take away the £1.64 that Paul lost in qualifying for the free bet we are left having a risk free profit of £17.55. Paul was quite pleased with the £17.55 he had just won – especially while he had already earned £10 before he even placed the bet! He is a frequent cashback site user and knew which they offered free money for simply clicking their links to many other sites. He created a quick hunt for bookies offering cashback at his usual cashback site. He clicked a hyperlink right through to the bookie that was providing the free bet and earned himself an extra £10 for 2 minutes work.
So for placing two risk-free bets Paul had were able to earn himself £27.55. The best thing is the fact whatever the outcome he knew he would be guaranteed to win money. Paul felt it was quite nice to win money this easily and repeated this technique repeatedly.