This Is the partner article to “Earn Cashback on a Bet Which is Already Sure to Win Serious Cash – The Icing on the Cake!” which discussed using cashback sites to get an extra cash boost to your winnings through the bookies. Within this 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 money with them. Following this you place a bet along with them (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 exists another element that must definitely be included. This is based on betting exchanges. In case you are unfamiliar with betting exchanges they may be a fairly recent accessory for BK8 that have become extremely popular. Briefly, this requires patching two bettors together that have an interest in betting on a single outcome of an event. An example may be for just one soccer team to overcome another.
If there have been two bettors, Peter and Paul, who desired to place a bet on the certain soccer team A beating another soccer team B then your betting exchange could patch them together. If Peter wanted 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 will be using the traditional role in betting for team A to win, comparable to betting against the bookie. On the other hand Paul could be betting against team A winning, ultimately utilizing the bookie’s role.
Utilizing the position of betting against an event happening, like team A winning in the earlier example, is referred to as laying. This is just what will permit us to guarantee that we win on each free bet that we receive from an internet bookie – and there are many to make the most of. For each event we may wish to place two bets, a traditional bet with the bookie that is offering the free bet along with a lay bet with a betting exchange. I will give you a good example to explain this procedure.
Now, imagine that Paul recently found out about matched betting and wants to try it out. First he finds a bookie who may be offering a free of charge bet. Then he reads the terms and conditions of the free bet offer (essential – always browse the T&Cs). He discovers that to get the free bet he must first place a bet with his own money for £25 then he will get a free bet of the same value once the qualifying bet has settled.
He finds, for example, a football match where the bookie is providing odds of 3. for team A to win the match as well as the betting exchange is providing 3.1 for team A never to win (i.e. for team A to get rid of or draw). Then he places £25 about this bet in the bookies and lays £24.59 at the betting exchange. This might seem to be a strange add up to lay however, if you work it it can akrhrn exactly the same return on whatever outcome takes place in the match. Which is a loss in £1.64 regardless of what happens.
This seems like an unsatisfactory start. Paul recently lost money and that i said it was a guaranteed approach to win risk-free! BUT, now we now have qualified for our free bet. So Paul’s next bet will have a far better outcome. This time he bets on player B to overcome player A at chances of 5. at the bookie and manages to obtain the same odds with all the betting exchange. He uses his free £25 bet to put the bet on the bookies. He then works out which he has to lay £20.20 in the betting exchange so that no matter what the result he will win exactly the same amount.
Now the match finishes and that he has won £19.19. If we take away the £1.64 that Paul lost in qualifying for the free bet we are left using a risk-free profit of £17.55. Paul was quite satisfied 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 other sites. He made a quick search for bookies offering cashback at his usual cashback site. He clicked a hyperlink right through to the bookie that was offering the free bet and earned himself an additional £10 for 2 minutes work.
So for placing two risk free bets Paul had were able to earn himself £27.55. A good thing is the fact no matter what the result he knew which he would be guaranteed to win money. Paul felt which it was quite nice to win money this easily and repeated this method repeatedly.