This Is the partner article to “Earn Cashback on the Bet Which is Already Guaranteed to Win Serious Cash – The Icing on the Cake!” which discussed using cashback sites to get an extra cash boost to your winnings from the bookies. In this follow up article we will look at the way of guaranteeing that you make risk-free cash using online bookies free bet offers.
The standard deal is that you simply register to an online bookie and deposit some funds with them. After this you set a bet together (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 really must be included. This is based upon betting exchanges. Should you be unfamiliar with betting exchanges they are a somewhat recent accessory for BK8 that are presently extremely popular. Briefly, this involves patching two bettors together that have an interest in betting on a single result of a function. An illustration may be for just one soccer team to beat another.
If there have been two bettors, Peter and Paul, who desired to place a bet on a certain soccer team A beating another soccer team B then the 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 through the other. Peter could be utilizing the traditional role in betting for team A to win, much like betting up against the bookie. On the contrary Paul will be betting against team A winning, essentially using the bookie’s role.
Utilizing the position of betting against an occasion happening, such as team A winning in the last example, is known as laying. This is exactly what will allow us to guarantee that people win on each free bet that we receive from an internet bookie – and there are numerous to benefit from. For every event we would want to place two bets, a traditional bet using the bookie who may be offering the free bet as well as a lay bet with a betting exchange. I will give you an example to clarify this procedure.
Now, imagine that Paul recently discovered about matched betting and wishes to try it out. First he finds a bookie who is offering a totally free bet. He then reads the stipulations in the free bet offer (essential – always read the T&Cs). He discovers that to obtain the free bet he must first place a bet along with his own money for £25 he then will get a free of charge bet the exact same value when the qualifying bet has settled.
He finds, for instance, a football match where the bookie is providing likelihood 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 lose or draw). Then he places £25 on this bet at the bookies and lays £24.59 in the betting exchange. This might seem like a strange amount to lay however, if you work it all out it will akrhrn precisely the same return on whatever outcome happens in the match. Which is a lack of £1.64 no matter what happens.
This sounds like a poor start. Paul has just lost money and I said this was a guaranteed way to win risk-free! BUT, now we now have qualified for the 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 likelihood of 5. at the bookie and manages to get the same odds using the betting exchange. He uses his free £25 bet to place the bet at the bookies. He then works out which he has to lay £20.20 at the betting exchange so that regardless of what the outcome he will win the same amount.
This time the match finishes and he has won £19.19. Whenever we take away the £1.64 that Paul lost in qualifying for the 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 or she is a frequent cashback site user and knew that they offered free money for clicking on their links to many other sites. He made a quick look for bookies offering cashback at his usual cashback site. He clicked a hyperlink through to the bookie which had been supplying the free bet and earned himself an additional £10 for two minutes work.
So for placing two risk free bets Paul had was able to earn himself £27.55. A very important thing is the fact whatever the result he knew that he would be sure to win money. Paul felt it was quite nice to win money this easily and repeated this method again and again.