This is the partner article to “Earn Cashback on a Bet That is Already Certain to Win You Money – 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 shall consider the way of guaranteeing that you make risk free cash using online bookies free bet offers.
The standard deal is you sign up to a web-based bookie and deposit some cash together. After this you set 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 must be included. This really is based on betting exchanges. If you are not familiar with betting exchanges these are a relatively recent accessory for bk8thai that have become quite popular. Briefly, this involves patching two bettors together that have an interest in betting on one results of a function. An illustration could be for one soccer team to beat 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 this betting exchange could patch them together. If Peter wanted 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 utilizing the traditional role in betting for team A to win, comparable to betting from the bookie. On the other hand Paul would 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 exactly what will permit us to guarantee that we win on each free bet we receive from an online bookie – and there are many to take advantage of. For every event we may wish to place two bets, a traditional bet with all the bookie who is providing the free bet along with a lay bet having a betting exchange. I will give you an illustration to explain this technique.
Now, imagine that Paul has just found out about matched betting and wants to give it a try. First he finds a bookie who may be offering a totally free bet. He then reads the terms and conditions from the free bet offer (essential – always read the T&Cs). He discovers that to have the free bet he must first place a bet along with his own money for ? then he will receive a totally free bet of the same value after the qualifying bet has settled.
He finds, for instance, a football match in which the bookie is offering odds of 3. for team A to win the match and the betting exchange is providing 3.1 for team A never to win (i.e. for team A to get rid of or draw). Then he places ? about this bet on the bookies and lays ?.59 at the betting exchange. This may sound like a strange add up to lay however, if you work it it is going to give the exact same return on whatever outcome happens in the match. That is a loss of ?64 whatever happens.
This sounds like a poor start. Paul has just lost money and I said this is a guaranteed method to win risk free! BUT, now we have qualified for your free bet. So Paul’s next bet may have a far better outcome. This time around he bets on xomhit B to overcome player A at odds of 5. in the bookie and manages to get the same odds using the betting exchange. He uses his free ? bet to put the bet on the bookies. He then works out which he has to lay ?.20 in the betting exchange so that no matter what the result he will win exactly the same amount.
Now the match finishes and that he has won ?.19. If we take away the ?64 that Paul lost in qualifying for that free bet our company is left using a risk-free profit of ?.55. Paul was quite pleased with the ?.55 he had just won – especially as he had already earned ? before he even placed the bet! He is a frequent cashback site user and knew which they offered free money for 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 hyperlink to the bookie which had been offering the free bet and earned himself an additional ? for two minutes work.