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 added cash boost to your winnings through the bookies. In this follow up article we are going to glance at the technique for guaranteeing that you make risk free cash using online bookies free bet offers.
The conventional deal is you sign up with an online bookie and deposit some funds together. After this you place a bet together (usually for odds over 2.), once this is settled you claim your free bet.
Just following the above procedure would not guarantee you free cash. There exists another element that really must be included. This really is based on betting exchanges. In case you are not familiar with betting exchanges they are a fairly recent accessory for BK8 that have become quite popular. Briefly, this requires patching two bettors together who have an interest in betting using one outcome of an occasion. A good example might be for just one soccer team to conquer another.
If there were two bettors, Peter and Paul, who wished to place a bet on a certain soccer team A beating another soccer team B then the betting exchange could patch them together. If Peter wanted 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 your other. Peter would be using the traditional role in betting for team A to win, much like betting up against the bookie. On the contrary Paul would be betting against team A winning, in effect taking the bookie’s role.
Using the position of betting against a function happening, including team A winning in the previous example, is referred to as laying. This is exactly what will let us guarantee we win on each free bet that we receive from a web-based bookie – and there are numerous to benefit from. For each event we would want to place two bets, a traditional bet with all the bookie that is supplying the free bet and a lay bet using a betting exchange. I will give you an illustration to clarify this technique.
Now, suppose that Paul just learned about matched betting and wishes to try it out. First he finds a bookie who may be offering a free of charge bet. He then reads the conditions and terms in the free bet offer (essential – always browse the T&Cs). He discovers that to obtain the free bet he must first place a bet along with his own money for £25 he then will receive a totally free bet of the same value when the qualifying bet has settled.
He finds, as an example, a football match in which the bookie offers chances of 3. for team A to win the match and the betting exchange is providing 3.1 for team A never to win (i.e. for team A to lose or draw). Then he places £25 about this bet in the bookies and lays £24.59 on the betting exchange. This could seem like a strange add up to lay but when you work it it can akrhrn precisely the 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 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 will have a much better outcome. This time around he bets on player B to conquer player A at odds of 5. in the bookie and manages to obtain the same odds with all the betting exchange. He uses his free £25 bet to set the bet at the bookies. Then he works out which he must lay £20.20 at the betting exchange to ensure that no matter what the result he will win exactly the same amount.
This time the match finishes and that he has won £19.19. Whenever we take away the £1.64 that Paul lost in qualifying for the free bet our company is left having 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 is a frequent cashback site user and knew that they offered free money for simply clicking their links with other sites. He created a quick look for bookies offering cashback at his usual cashback site. He clicked a hyperlink to the bookie which had been providing the free bet and earned himself an added £10 for just two minutes work.
So for placing two risk-free bets Paul had were able to earn himself £27.55. A good thing is that regardless of what the outcome he knew that he would be certain to win money. Paul felt it was quite nice to win money this easily and repeated this procedure repeatedly.