This Is the partner article to “Earn Cashback on a 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. In this follow-up article we will consider the way of guaranteeing that you make risk-free cash using online bookies free bet offers.
The conventional deal is that you sign up with an online bookie and deposit some cash together. After that you place a bet with them (usually for odds over 2.), once this really is settled you claim your free bet.
Just pursuing 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. Should you be not familiar with betting exchanges they are a relatively recent accessory for BK8 that have become quite popular. Briefly, this requires patching two bettors together who may have an interest in betting using one results of an event. An example could be for one soccer team to overcome another.
If there were two bettors, Peter and Paul, who wanted to place a bet on the certain soccer team A beating another soccer team B then your betting exchange could patch them together. If Peter desired 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 through the other. Peter could be utilizing the traditional role in betting for team A to win, similar to betting up against the bookie. On the other hand Paul could be betting against team A winning, in effect taking the bookie’s role.
Taking the position of betting against a function happening, like team A winning in the previous example, is called laying. This is exactly what will let us guarantee that people win on each free bet we receive from a web-based bookie – and there are many to benefit from. For every event we would want to place two bets, a regular bet with the bookie that is supplying the free bet as well as a lay bet with a betting exchange. I will provide you with a good example to explain this method.
Now, imagine that Paul has just found out about matched betting and wishes to give it a try. First he finds a bookie that is offering a free of charge bet. Then he reads the stipulations from the free bet offer (very important – always browse the T&Cs). He discovers that to have the free bet he must first place a bet with his own money for £25 he then will receive a totally free bet the exact same value once the qualifying bet has settled.
He finds, for 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 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 on the betting exchange. This could seem to be a strange figure to lay however, if you work it it will akrhrn the exact same return on whatever outcome happens in the match. That is a loss of £1.64 whatever happens.
This looks like a bad start. Paul just lost money and i also said it was a guaranteed method to win risk free! BUT, now we now have qualified for the free bet. So Paul’s next bet will have a much better outcome. Now he bets on player B to overcome player A at odds of 5. at the bookie and manages to have the same odds with all the betting exchange. He uses his free £25 bet to set the bet in the bookies. He then works out which he must lay £20.20 at the betting exchange to ensure that whatever the end result he will win the identical amount.
This time around the match finishes and that he has won £19.19. If we take away the £1.64 that Paul lost in qualifying for the 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 or she is a frequent cashback site user and knew that they offered free money for simply clicking on their links to other sites. He created a quick search for bookies offering cashback at his usual cashback site. He clicked a link through to the bookie which was offering the free bet and earned himself an added £10 for 2 minutes work.
So for placing two risk-free bets Paul had managed to earn himself £27.55. The best thing is the fact regardless of what the end result he knew which he could be certain to win money. Paul felt it was quite nice to win money this easily and repeated this technique again and again.