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 from the bookies. In this followup article we will look at the way of guaranteeing that you make risk free cash using online bookies free bet offers.
The typical deal is you sign-up for an online bookie and deposit some money with them. Following this you place a bet together (usually for odds over 2.), once this really is settled you claim your free bet.
Just following the above procedure would not guarantee you free cash. There is another element that must be included. This can be based around betting exchanges. Should you be unfamiliar with betting exchanges these are a somewhat recent accessory for BK8 that are presently quite popular. Briefly, this involves patching two bettors together who have a desire for betting on one outcome of an event. An example could be for starters soccer team to overcome another.
If there was two bettors, Peter and Paul, who wished to place a bet on the certain soccer team A beating another soccer team B then this betting exchange could patch them together. If Peter wished to bet on team A beating team B but Paul desired to bet against team A beating team B then whoever bet on the correct outcome would receive money from the other. Peter would be using the traditional role in betting for team A to win, much like betting against the bookie. On the contrary Paul would be betting against team A winning, in effect using the bookie’s role.
Using the position of betting against an event happening, including team A winning in the previous example, is called laying. This is exactly what will allow us to guarantee that people win on each free bet we receive from a web-based bookie – and there are numerous to benefit from. For each and every event we will want to place two bets, a conventional bet using the bookie who may be supplying the free bet as well as a lay bet using a betting exchange. I will provide you with a good example to clarify this procedure.
Now, believe that Paul recently learned about matched betting and wants to give it a try. First he finds a bookie who is offering a free of charge bet. Then he reads the conditions and terms in the free bet offer (very important – 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 then he will get a free of charge bet of the same value when the qualifying bet has settled.
He finds, for instance, a football match where the bookie is offering likelihood of 3. for team A to win the match and also the betting exchange offers 3.1 for team A never to win (i.e. for team A to get rid of or draw). He then places £25 on this bet on the bookies and lays £24.59 at the betting exchange. This may sound like a strange figure to lay but when you work it all out it will akrhrn the exact same return on whatever outcome occurs in the match. Which is a loss in £1.64 no matter what happens.
This looks like an unsatisfactory start. Paul just lost money and that i said it was a guaranteed method to win risk-free! BUT, now we have qualified for your free bet. So Paul’s next bet could have a far better outcome. Now he bets on player B to overcome player A at odds of 5. in the bookie and manages to obtain the same odds using the betting exchange. He uses his free £25 bet to set the bet at the bookies. He then works out that he needs to lay £20.20 in the betting exchange in order that no matter what the end result he will win exactly the same amount.
This time the match finishes and he has won £19.19. Whenever we take away the £1.64 that Paul lost in qualifying for the free bet we have been left with 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 or she is a frequent cashback site user and knew that they offered free money for simply clicking their links to many other sites. He made a quick look for bookies offering cashback at his usual cashback site. He clicked a web link through to the bookie that was supplying the free bet and earned himself an additional £10 for just two minutes work.
So for placing two risk-free bets Paul had was able to earn himself £27.55. A very important thing is that no matter what the result he knew that he could be guaranteed to win money. Paul felt it was quite nice to win money this easily and repeated this technique again and again.