This Is the partner article to “Earn Cashback on a Bet That is Already Sure 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 particular followup article we are going to glance at the way of 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 funds with them. After this you set a bet together (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 must definitely be included. This really is based around betting exchanges. In case you are unfamiliar with betting exchanges they are a somewhat recent accessory for BK8 that have become very popular. Briefly, this requires patching two bettors together who may have an interest in betting on a single result of a function. A good example might be for just one soccer team to conquer another.
If there was 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 wanted 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 your other. Peter would be taking the traditional role in betting for team A to win, similar to betting up against the bookie. On the contrary Paul will be betting against team A winning, ultimately taking the bookie’s role.
Utilizing the position of betting against an event happening, including team A winning in the earlier example, is known as laying. This is just what will allow us to guarantee that people win on each free bet that people receive from an internet bookie – and there are lots of to make the most of. For each event we may wish to place two bets, a regular bet with all the bookie who may be supplying the free bet as well as a lay bet having a betting exchange. I will give you an example to explain this method.
Now, suppose that Paul has just learned about matched betting and wants to give it a try. First he finds a bookie that is offering a totally free bet. Then he reads the conditions and terms of the free bet offer (essential – always browse the T&Cs). He discovers that to have the free bet he must first place a bet along with his own money for £25 he then will get a totally free bet of the same value once the qualifying bet has settled.
He finds, as an example, a football match where the bookie offers chances of 3. for team A to win the match and also the betting exchange offers 3.1 for team A to not win (i.e. for team A to get rid of or draw). He then places £25 with this bet in the bookies and lays £24.59 in the betting exchange. This might seem like a strange amount to lay but when you work it all out it is going to akrhrn exactly the same return on whatever outcome occurs in the match. Which is a loss in £1.64 no matter what happens.
This seems like a bad start. Paul just lost money and I said this is a guaranteed method to win risk free! BUT, now we have now qualified for the 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 likelihood of 5. on the bookie and manages to obtain the same odds with all the betting exchange. He uses his free £25 bet to put the bet at the bookies. He then works out which he must lay £20.20 on the betting exchange in order that regardless of what the result he will win the identical amount.
Now the match finishes and that he has won £19.19. If 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 satisfied with the £17.55 he had just won – especially as 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 their links with other sites. He made a quick hunt for bookies offering cashback at his usual cashback site. He clicked a hyperlink through to the bookie which was providing the free bet and earned himself an extra £10 for two minutes work.
So for placing two risk free bets Paul had were able to earn himself £27.55. The best thing is the fact no matter what the result he knew he would be sure to win money. Paul felt that it was quite nice to win money this easily and repeated this method again and again.