This Is the partner article to “Earn Cashback on the Bet That is Already Sure to Win You Money – The Icing on the Cake!” which discussed using cashback sites to get an additional cash boost to your winnings from the bookies. In this particular followup article we will look at the technique for guaranteeing that you make risk-free cash using online bookies free bet offers.
The conventional deal is that you simply register with an online bookie and deposit some cash together. After this you set 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 is another element that really must be included. This can be based on betting exchanges. If you are unfamiliar with betting exchanges they may be a fairly recent addition to BK8 that have become quite popular. Briefly, this requires patching two bettors together who may have an interest in betting on a single results of a function. A good example may be for just one soccer team to conquer another.
If there were two bettors, Peter and Paul, who wanted to place a bet on a certain soccer team A beating another soccer team B then your betting exchange could patch them together. If Peter desired 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 will be using the traditional role in betting for team A to win, similar to betting from the bookie. On the other hand Paul would be betting against team A winning, in effect using the bookie’s role.
Taking the position of betting against a function happening, like team A winning in the earlier example, is called laying. This is exactly what will allow us to guarantee that people win on each free bet we receive from an internet bookie – and there are many to take advantage of. For every event we may wish to place two bets, a conventional bet with all the bookie who is 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 has just learned about matched betting and wishes to try it out. First he finds a bookie who may be offering a totally free bet. Then he reads the conditions and terms in 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 get a free of charge bet of the identical value after the qualifying bet has settled.
He finds, for example, a football match in which the bookie is providing likelihood of 3. for team A to win the match as well as the betting exchange is offering 3.1 for team A not to win (i.e. for team A to lose or draw). He then places £25 with this bet at the bookies and lays £24.59 in the betting exchange. This may sound like a strange amount to lay but when you work it out it is going to akrhrn exactly the same return on whatever outcome occurs in the match. That is a loss of £1.64 no matter what happens.
This seems like a bad start. Paul has just lost money and that i said this was a guaranteed approach to win risk free! BUT, now we have now qualified for our free bet. So Paul’s next bet could have a much better outcome. Now he bets on player B to beat player A at chances of 5. on the bookie and manages to obtain the same odds with all the betting exchange. He uses his free £25 bet to set the bet in the bookies. He then works out which he must lay £20.20 at the betting exchange to ensure that regardless of what the outcome he will win the identical amount.
Now the match finishes and he has won £19.19. Whenever we take away the £1.64 that Paul lost in qualifying for that free bet we are left with a risk-free profit of £17.55. Paul was quite happy with the £17.55 he had just won – especially as 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 clicking on their links with other sites. He produced a quick search for bookies offering cashback at his usual cashback site. He clicked a hyperlink 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 managed to earn himself £27.55. A good thing is that regardless of what the outcome he knew which he will be sure to win money. Paul felt which it was quite nice to win money this easily and repeated this procedure again and again.