This Is the partner article to “Earn Cashback on a Bet That 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. In this particular follow-up article we are going to look at the technique for guaranteeing that you make risk free cash using online bookies free bet offers.
The conventional deal is you register for an online bookie and deposit some money together. After this you set a bet together (usually for odds over 2.), once this really is settled you claim your free bet.
Just after the above procedure would not guarantee you free cash. There is certainly another element that really must be included. This can be based upon betting exchanges. In case you are new to betting exchanges they are a fairly recent addition to BK8 that have become quite popular. Briefly, this requires patching two bettors together who may have a desire for betting on a single results of an event. A good example might be for one soccer team to conquer another.
If there have been two bettors, Peter and Paul, who desired to place a bet over a certain soccer team A beating another soccer team B then your betting exchange could patch them together. If Peter wished to bet on team A beating team B but Paul wanted to bet against team A beating team B then whoever bet on the correct outcome would receive money from the other. Peter will be utilizing the traditional role in betting for team A to win, comparable to betting up against the bookie. On the contrary Paul could be betting against team A winning, in effect taking the bookie’s role.
Utilizing the position of betting against a function happening, including team A winning in the previous example, is called laying. This is exactly what will permit us to guarantee we win on each free bet we receive from an online bookie – and there are numerous to make the most of. For every event we would want to place two bets, a regular bet with the bookie who may be providing the free bet as well as a lay bet having a betting exchange. I will give you an example to explain this method.
Now, believe that Paul recently found out about matched betting and wishes to try it out. First he finds a bookie who is offering a free of charge bet. He then reads the conditions and terms from the free bet offer (essential – always look at 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 get a totally free bet the exact same value once the qualifying bet has settled.
He finds, for example, a football match in which the bookie offers odds of 3. for team A to win the match and the betting exchange is providing 3.1 for team A not to win (i.e. for team A to get rid of or draw). Then he places £25 about this bet at the bookies and lays £24.59 in the betting exchange. This may seem like a strange add up to lay but when you work it all out it can akrhrn precisely the same return on whatever outcome takes place in the match. That is a loss in £1.64 whatever happens.
This seems like a poor start. Paul recently lost money and i also said this was a guaranteed approach to win risk free! BUT, now we now have qualified for our free bet. So Paul’s next bet could have a much better outcome. This time he bets on player B to beat player A at likelihood of 5. in the bookie and manages to have the same odds with all the betting exchange. He uses his free £25 bet to set the bet on the bookies. He then works out that he must lay £20.20 in the betting exchange so that regardless of what the result he will win the identical amount.
This time the match finishes and he has won £19.19. If we take away 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 happy with the £17.55 he had just won – especially as 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 on their links to other sites. He created a quick hunt for bookies offering cashback at his usual cashback site. He clicked a link to the bookie that was supplying the free bet and earned himself an additional £10 for two minutes work.
So for placing two risk-free bets Paul had were able to earn himself £27.55. The best thing is that no matter what the end result he knew he would be guaranteed to win money. Paul felt which it was quite nice to win money this easily and repeated this technique repeatedly.