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 extra cash boost to your winnings from the bookies. Within this follow-up article we will consider the technique for guaranteeing that you make risk free cash using online bookies free bet offers.
The typical deal is you sign-up for an online bookie and deposit some cash together. After that you place a bet along with them (usually for odds over 2.), once this can be settled you claim your free bet.
Just following the above procedure would not guarantee you free cash. There is certainly another element that must definitely be included. This really is based on betting exchanges. In case you are unfamiliar with betting exchanges they may be a fairly recent accessory for BK8 that have become very popular. Briefly, this requires patching two bettors together that have an interest in betting on a single result of a function. An illustration may be for starters soccer team to conquer another.
If there was two bettors, Peter and Paul, who desired 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 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 your other. Peter could be using the traditional role in betting for team A to win, much like betting from the bookie. On the contrary Paul could be betting against team A winning, in effect using the bookie’s role.
Taking the position of betting against an occasion happening, like team A winning in the last example, is known as laying. This is exactly what will permit us to guarantee we win on each free bet that people receive from an online bookie – and there are many to make the most of. For each and every event we will want to place two bets, a traditional bet with the bookie who may be supplying the free bet and a lay bet with a betting exchange. I will give you an illustration to explain this technique.
Now, suppose that Paul recently learned about matched betting and wants to try it out. First he finds a bookie who is offering a free of charge bet. Then he reads the terms and conditions of the free bet offer (very important – always read the T&Cs). He discovers that to have the free bet he must first place a bet along with his own money for £25 then he will get a free of charge bet of the identical value once the qualifying bet has settled.
He finds, for instance, a football match where bookie is offering likelihood of 3. for team A to win the match and also the betting exchange is offering 3.1 for team A not to win (i.e. for team A to shed or draw). He then places £25 with this bet on the bookies and lays £24.59 in the betting exchange. This might sound like a strange add up to lay but when you work it it is going to akrhrn the exact same return on whatever outcome takes place in the match. Which is a lack of £1.64 whatever happens.
This looks like a poor start. Paul just lost money and I said this was a guaranteed method to win risk-free! BUT, now we now have qualified for our free bet. So Paul’s next bet may have a much better outcome. Now he bets on player B to beat player A at likelihood of 5. on the bookie and manages to get 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 has to lay £20.20 at the betting exchange so that no matter what the result he will win the identical amount.
Now the match finishes and that he has won £19.19. When we get rid of the £1.64 that Paul lost in qualifying for your 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 because 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 produced a quick hunt 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 additional £10 for just two minutes work.
So for placing two risk free bets Paul had managed to earn himself £27.55. The best thing is the fact no matter what the outcome he knew that he would be sure to win money. Paul felt that it was quite nice to win money this easily and repeated this procedure repeatedly.