This Is the partner article to “Earn Cashback on the Bet Which is Already Guaranteed to Win You Cash – The Icing on the Cake!” which discussed using cashback sites to get an additional cash boost to your winnings from the bookies. In this 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 that you simply sign up for an online bookie and deposit some funds with them. Following this you set a bet with them (usually for odds over 2.), once this can be settled you claim your free bet.
Just after the above procedure would not guarantee you free cash. There exists another element that really must be included. This is based around betting exchanges. In case you are new to betting exchanges they are a relatively recent addition to BK8 that have become quite popular. Briefly, this requires patching two bettors together that have an interest in betting using one outcome of an occasion. An illustration could be for just one soccer team to beat another.
If there was two bettors, Peter and Paul, who wished 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 wanted to bet against team A beating team B then whoever bet on the correct outcome would receive money from your other. Peter could be taking the traditional role in betting for team A to win, much like betting against the bookie. On the contrary Paul could be betting against team A winning, essentially using the bookie’s role.
Using the position of betting against a function happening, like team A winning in the last example, is referred to as laying. This is exactly what will permit us to guarantee that we win on each free bet that people receive from an online bookie – and there are lots of to benefit from. For each event we may wish to place two bets, a traditional bet with the bookie that is providing the free bet as well as a lay bet having a betting exchange. I will provide you with an illustration to explain this technique.
Now, believe that Paul recently discovered about matched betting and wishes to try it out. First he finds a bookie who may be offering a free of charge bet. He then reads the conditions and terms from the free bet offer (extremely important – always read the T&Cs). He discovers that to get the free bet he must first place a bet along with his own money for £25 then he will get a free bet the exact same value after the qualifying bet has settled.
He finds, for example, a football match where bookie offers chances 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 shed or draw). Then he places £25 with this bet on the bookies and lays £24.59 on the betting exchange. This could sound like a strange add up to lay however, if you work it out it will akrhrn exactly the same return on whatever outcome takes place in the match. Which is a lack of £1.64 no matter what happens.
This looks like a bad start. Paul has just lost money and I said this was a guaranteed method to win risk free! BUT, now we have now qualified for the free bet. So Paul’s next bet could have a much better outcome. This time he bets on player B to beat player A at likelihood of 5. at the bookie and manages to have the same odds using the betting exchange. He uses his free £25 bet to place the bet on the bookies. Then he works out which he has to lay £20.20 on the betting exchange so that no matter what the outcome he will win exactly the same amount.
Now the match finishes and then he has won £19.19. When we take away the £1.64 that Paul lost in qualifying for that free bet we have been 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 that they offered free money for simply clicking on their links to many other sites. He created a quick look for bookies offering cashback at his usual cashback site. He clicked a link right through to the bookie which 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. A good thing is the fact whatever the result he knew which he would be guaranteed to win money. Paul felt which it was quite nice to win money this easily and repeated this technique again and again.