This Is the partner article to “Earn Cashback on a Bet Which is Already Sure to Win You Money – The Icing on the Cake!” which discussed using cashback sites to have an added cash boost to your winnings through the bookies. In this particular follow up article we are going to look at the technique for guaranteeing that you make risk free cash using online bookies free bet offers.
The typical deal is you register to an online bookie and deposit some cash with them. After this you place a bet together (usually for odds over 2.), once this can be 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 can be based around betting exchanges. If you are not familiar with betting exchanges they may be a somewhat recent addition to BK8 that have become extremely popular. Briefly, this involves patching two bettors together who may have an interest in betting using one outcome of an occasion. An example might be for one soccer team to conquer 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 this betting exchange could patch them together. If Peter desired 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 will be using the traditional role in betting for team A to win, much like betting up against the bookie. On the other hand Paul would be betting against team A winning, ultimately using the bookie’s role.
Utilizing the position of betting against an event happening, such as team A winning in the last example, is referred to as laying. This is exactly what will allow us to guarantee we win on each free bet that people receive from an online bookie – and there are numerous to make the most of. For each event we would want to place two bets, a regular bet using the bookie who may be providing the free bet and a lay bet using a betting exchange. I will give you an illustration to explain this procedure.
Now, suppose that Paul recently discovered about matched betting and wishes to give it a try. First he finds a bookie who is offering a totally free bet. Then he reads the terms and conditions from the free bet offer (extremely important – always browse 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 totally free bet the exact same value when the qualifying bet has settled.
He finds, for instance, a football match in which the bookie is offering odds of 3. for team A to win the match and the betting exchange is providing 3.1 for team A not to win (i.e. for team A to shed or draw). Then he places £25 with this bet on the bookies and lays £24.59 in the betting exchange. This might sound like a strange amount to lay but if you work it all out it will akrhrn precisely the same return on whatever outcome occurs in the match. That is a loss in £1.64 regardless of what happens.
This sounds like a poor start. Paul just lost money and i also 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 significantly better outcome. This time he bets on player B to overcome player A at chances of 5. at the bookie and manages to have the same odds with the betting exchange. He uses his free £25 bet to place the bet in the bookies. Then he works out he has to lay £20.20 on the betting exchange in order that regardless of what the result he will win exactly the same amount.
This time around the match finishes and he has won £19.19. Whenever we take away the £1.64 that Paul lost in qualifying for your 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 while he had already earned £10 before he even placed the bet! He is a frequent cashback site user and knew which they offered free money for simply clicking on their links to other sites. He produced a quick look for bookies offering cashback at his usual cashback site. He clicked a link through to the bookie which had been offering the free bet and earned himself an extra £10 for just two minutes work.
So for placing two risk-free bets Paul had was able to earn himself £27.55. The best thing is the fact that whatever the result he knew that he could be certain to win money. Paul felt it was quite nice to win money this easily and repeated this technique over and over again.