This Is the partner article to “Earn Cashback on the Bet That is Already Guaranteed to Win You Money – The Icing on the Cake!” which discussed using cashback sites to have an additional cash boost to your winnings through the bookies. Within this followup article we are going to look at the technique for guaranteeing that you make risk-free cash using online bookies free bet offers.
The conventional deal is you sign up to an online bookie and deposit some money along with them. 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 pursuing the above procedure would not guarantee you free cash. There exists another element that really must be included. This really is based on betting exchanges. If you are unfamiliar with betting exchanges they are a fairly recent addition to BK8 that are presently quite popular. Briefly, this involves patching two bettors together who have a desire for betting using one outcome of an occasion. An illustration could be for starters soccer team to overcome another.
If there were 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 the other. Peter would be utilizing the traditional role in betting for team A to win, comparable to betting up against the bookie. On the contrary Paul would be betting against team A winning, in effect utilizing 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 let us guarantee that people win on each free bet that we receive from a web-based bookie – and there are numerous to benefit from. For every event we will want to place two bets, a regular bet with the bookie who is supplying the free bet along with a lay bet with a betting exchange. I will provide you with an example to clarify this method.
Now, imagine that Paul has just learned about matched betting and wishes to try it out. First he finds a bookie who is offering a totally free bet. Then he reads the conditions and terms 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 along with his own money for £25 then he will get a totally free bet of the same value when the qualifying bet has settled.
He finds, as an example, a football match in which the bookie is providing odds of 3. for team A to win the match as well as the betting exchange is offering 3.1 for team A to not win (i.e. for team A to shed or draw). Then he places £25 with this bet at the bookies and lays £24.59 at the betting exchange. This could sound like a strange amount to lay however, if you work it out it will akrhrn precisely the 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 recently lost money and I said this is a guaranteed way to win risk free! BUT, now we now have qualified for our free bet. So Paul’s next bet may have a significantly better outcome. This time he bets on player B to beat player A at odds of 5. on the bookie and manages to have the same odds with all the betting exchange. He uses his free £25 bet to put the bet on the bookies. Then he works out that he has to lay £20.20 on the betting exchange in order that no matter what the outcome he will win exactly the same 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 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 they offered free money for simply clicking on their links to many other sites. He made a quick hunt for bookies offering cashback at his usual cashback site. He clicked a hyperlink right through to the bookie which was supplying 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 outcome he knew which he could be sure to win money. Paul felt which it was quite nice to win money this easily and repeated this method over and over again.