This Is the partner article to “Earn Cashback on the Bet Which is Already Sure to Win You Money – The Icing on the Cake!” which discussed using cashback sites to have an extra cash boost to your winnings from the bookies. Within this follow up article we shall glance at the technique for guaranteeing that you make risk-free cash using online bookies free bet offers.
The standard deal is that you register for an online bookie and deposit some funds along with them. Following this you place a bet with them (usually for odds over 2.), once this really is settled you claim your free bet.
Just pursuing the above procedure would not guarantee you free cash. There is certainly another element that really must be included. This is based around betting exchanges. Should you be not familiar with betting exchanges these are a somewhat recent addition to BK8 that are presently extremely popular. Briefly, this requires patching two bettors together who may have a desire for betting on one outcome of an occasion. An illustration might be for just one soccer team to beat another.
If there was two bettors, Peter and Paul, who wanted 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 desired 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 through the other. Peter could be utilizing the traditional role in betting for team A to win, much like betting up against the bookie. On the contrary Paul could be betting against team A winning, essentially using the bookie’s role.
Taking the position of betting against a function happening, including team A winning in the previous example, is known as laying. This is what will let us guarantee that we win on each free bet that we receive from an online bookie – and there are lots of to take advantage of. For each event we may wish to place two bets, a regular bet with the bookie that is supplying the free bet and a lay bet with a betting exchange. I will provide you with a good example to clarify this method.
Now, imagine that Paul recently learned about matched betting and wishes to try it out. First he finds a bookie that is offering a free bet. He then reads the stipulations in the free bet offer (essential – always read the T&Cs). He discovers that to get the free bet he must first place a bet along with his own money for £25 then he will receive a free of charge bet the exact same value when the qualifying bet has settled.
He finds, as an example, a football match where bookie is offering odds of 3. for team A to win the match as well as the betting exchange is offering 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 on the bookies and lays £24.59 at the betting exchange. This might seem like a strange amount to lay however, if you work it it can akrhrn precisely the same return on whatever outcome occurs in the match. Which is a loss in £1.64 whatever happens.
This looks like an unsatisfactory start. Paul recently lost money and I said it was a guaranteed method to win risk free! BUT, now we have now qualified for our free bet. So Paul’s next bet could have a far better outcome. This time he bets on player B to conquer player A at chances of 5. at the bookie and manages to get the same odds with the betting exchange. He uses his free £25 bet to put the bet on the bookies. Then he works out that he needs to lay £20.20 in the betting exchange in order that whatever the outcome he will win exactly the same amount.
Now the match finishes and then he has won £19.19. If 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 happy 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 that they offered free money for clicking on their links to many other sites. He produced a quick look for bookies offering cashback at his usual cashback site. He clicked a web link to the bookie which was providing the free bet and earned himself an extra £10 for two minutes work.
So for placing two risk free bets Paul had were able to earn himself £27.55. A good thing is that no matter what the outcome he knew which he will be certain to win money. Paul felt which it was quite nice to win money this easily and repeated this method again and again.