This Is the partner article to “Earn Cashback on a Bet Which is Already Guaranteed to Win Serious Cash – The Icing on the Cake!” which discussed using cashback sites to have an extra cash boost to your winnings through the bookies. In this followup article we shall consider the technique for guaranteeing that you make risk-free cash using online bookies free bet offers.
The standard deal is you sign-up for an online bookie and deposit some cash 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 following the above procedure would not guarantee you free cash. There exists another element that must be included. This really is based upon betting exchanges. Should you be new to betting exchanges they may be a somewhat recent addition to BK8 that are presently very popular. Briefly, this involves patching two bettors together who have an interest in betting on a single outcome of an occasion. An example might be for starters soccer team to beat another.
If there were two bettors, Peter and Paul, who wished to place a bet over a 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 wished to bet against team A beating team B then whoever bet on the correct outcome would receive money from the other. Peter could be utilizing the traditional role in betting for team A to win, similar to betting against the bookie. On the other hand Paul could be betting against team A winning, in effect taking the bookie’s role.
Using the position of betting against a function happening, like team A winning in the last example, is referred to as laying. This is just what will allow us to guarantee that people win on each free bet that people receive from an internet bookie – and there are numerous to make the most of. For each and every event we would want to place two bets, a traditional bet with the bookie that is supplying the free bet as well as a lay bet having a betting exchange. I will provide you with an example to clarify this technique.
Now, believe that Paul just found out about matched betting and wants to give it a try. First he finds a bookie that is offering a free bet. He then reads the stipulations 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 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, for instance, a football match where the bookie offers chances of 3. for team A to win the match and also the betting exchange is providing 3.1 for team A not 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 at the betting exchange. This may sound like a strange add up to lay however, if you work it all out it is going to akrhrn the exact same return on whatever outcome takes place in the match. Which is a loss of £1.64 regardless of what happens.
This sounds like a poor 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 significantly better outcome. Now he bets on player B to beat player A at chances of 5. at the bookie and manages to get the same odds using the betting exchange. He uses his free £25 bet to put the bet in the bookies. Then he works out which he has to lay £20.20 on the betting exchange so that regardless of what the result he will win the identical amount.
This time the match finishes and that he has won £19.19. Whenever we get rid of the £1.64 that Paul lost in qualifying for that free bet we are left having a risk-free profit of £17.55. Paul was quite satisfied 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 clicking on their links with other sites. He made a quick hunt for bookies offering cashback at his usual cashback site. He clicked a web link right through to the bookie that was providing the free bet and earned himself an extra £10 for 2 minutes work.
So for placing two risk free bets Paul had were able to earn himself £27.55. The best thing is that regardless of what the end result he knew he will be guaranteed to win money. Paul felt which it was quite nice to win money this easily and repeated this procedure again and again.