This Is the partner article to “Earn Cashback on the Bet That is Already Guaranteed to Win Serious Cash – The Icing on the Cake!” which discussed using cashback sites to have an additional cash boost to your winnings from the bookies. Within this follow up article we are going to consider the way of guaranteeing that you make risk free cash using online bookies free bet offers.
The standard deal is that you sign up with an online bookie and deposit some cash with them. After this you place a bet along with them (usually for odds over 2.), once this really 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 upon betting exchanges. In case you are unfamiliar with betting exchanges they may be a relatively recent addition to BK8 that are presently very popular. Briefly, this requires patching two bettors together who have an interest in betting on one results of an occasion. An illustration could be for one soccer team to beat 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 this betting exchange could patch them together. If Peter wished 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 through the other. Peter would be using the traditional role in betting for team A to win, similar to betting against the bookie. On the other hand Paul could be betting against team A winning, in effect utilizing the bookie’s role.
Utilizing the position of betting against a function happening, such as team A winning in the previous example, is referred to as laying. This is what will allow us to guarantee that people win on each free bet we receive from a web-based bookie – and there are many to make the most of. For each event we would want to place two bets, a regular bet with the bookie who may be supplying the free bet and a lay bet having a betting exchange. I will provide you with a good example to explain this method.
Now, believe that Paul just discovered about matched betting and wants to give it a try. First he finds a bookie that is offering a free bet. Then he reads the terms and conditions of the free bet offer (extremely important – always browse the T&Cs). He discovers that to obtain the free bet he must first place a bet together with his own money for £25 he then will get a free bet the exact same value when the qualifying bet has settled.
He finds, for example, a football match where the bookie is offering chances of 3. for team A to win the match and also the betting exchange is offering 3.1 for team A never to win (i.e. for team A to get rid of or draw). He then places £25 on this bet at the bookies and lays £24.59 on the betting exchange. This could seem to be a strange add up to lay but if you work it it will akrhrn exactly the same return on whatever outcome takes place in the match. That is a loss of £1.64 no matter what happens.
This sounds like an unsatisfactory start. Paul just lost money and i also said this is a guaranteed approach to win risk free! BUT, now we have qualified for our free bet. So Paul’s next bet could have a far better outcome. This time around he bets on player B to overcome player A at chances of 5. in the bookie and manages to get the same odds with all the betting exchange. He uses his free £25 bet to put the bet in the bookies. Then he works out he must lay £20.20 at the betting exchange to ensure that whatever the outcome he will win exactly the same amount.
This time around the match finishes and that he has won £19.19. Whenever we get rid of the £1.64 that Paul lost in qualifying for that free bet we have been left using a risk free profit of £17.55. Paul was quite happy with the £17.55 he had just won – especially because 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 simply clicking their links with other sites. He produced a quick look for bookies offering cashback at his usual cashback site. He clicked a link to the bookie which had been providing the free bet and earned himself an added £10 for 2 minutes work.
So for placing two risk free bets Paul had were able to earn himself £27.55. A very important thing is the fact that regardless of what the outcome he knew that he could be sure to win money. Paul felt which it was quite nice to win money this easily and repeated this technique repeatedly.