This Is the partner article to “Earn Cashback on the Bet That is Already Sure to Win You Cash – 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 consider the technique for guaranteeing that you make risk-free cash using online bookies free bet offers.
The standard deal is that you simply sign-up with an online bookie and deposit some funds with them. After this you set a bet along with them (usually for odds over 2.), once this really is settled you claim your free bet.
Just after the above procedure would not guarantee you free cash. There is another element that must definitely be included. This is based upon betting exchanges. In case you are not familiar with betting exchanges they are a somewhat recent addition to BK8 that have become very popular. Briefly, this requires patching two bettors together who may have a desire for betting using one results of a function. An example may be for one soccer team to beat another.
If there have been 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 wished 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 could be using the traditional role in betting for team A to win, comparable to betting from the bookie. On the contrary Paul could be betting against team A winning, ultimately using the bookie’s role.
Taking the position of betting against an event happening, such as team A winning in the earlier example, is known as laying. This is exactly what will allow us to guarantee that people win on each free bet that we receive from an internet bookie – and there are many to benefit from. For each and every event we will want to place two bets, a regular bet with all the bookie that is offering the free bet as well as a lay bet using a betting exchange. I will provide you with an illustration to explain this method.
Now, suppose that Paul recently found out about matched betting and wants to try it out. First he finds a bookie who is offering a free of charge bet. He then reads the terms and conditions of the free bet offer (very important – always read the T&Cs). He discovers that to obtain the free bet he must first place a bet together with his own money for £25 then he will get a free bet of the same value when 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 not to win (i.e. for team A to get rid of or draw). He then places £25 with this bet at the bookies and lays £24.59 in the betting exchange. This may seem to be a strange figure to lay however, if you work it out it will akrhrn the exact same return on whatever outcome takes place in the match. That is a lack of £1.64 whatever happens.
This seems like a bad start. Paul recently lost money and i also said this was a guaranteed method to win risk-free! BUT, now we have now qualified for your free bet. So Paul’s next bet could have a far better outcome. Now he bets on player B to conquer player A at likelihood of 5. on the bookie and manages to have the same odds with the betting exchange. He uses his free £25 bet to set the bet on the bookies. Then he works out that he must lay £20.20 on the betting exchange to ensure that regardless of what the result he will win the same amount.
This time around the match finishes and then he has won £19.19. Whenever 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 happy 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 clicking on their links to many other sites. He made a quick search for bookies offering cashback at his usual cashback site. He clicked a link to the bookie that was 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 regardless of what the result he knew that he will be sure to win money. Paul felt it was quite nice to win money this easily and repeated this technique again and again.