This Is the partner article to “Earn Cashback on a Bet Which is Already Guaranteed to Win You Cash – The Icing on the Cake!” which discussed using cashback sites to have an extra cash boost to your winnings through the bookies. In this followup article we shall glance 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 for an online bookie and deposit some cash together. Following 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 another element that must definitely be included. This is based on betting exchanges. Should you be unfamiliar with betting exchanges these are a relatively recent accessory for BK8 that are presently extremely popular. Briefly, this involves patching two bettors together who have an interest in betting on a single result of an event. An example may be for one soccer team to conquer another.
If there have been two bettors, Peter and Paul, who wished 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 from the other. Peter could be utilizing the traditional role in betting for team A to win, much like betting from the bookie. On the other hand Paul could be betting against team A winning, essentially taking the bookie’s role.
Utilizing the position of betting against a function happening, such as team A winning in the earlier example, is known as laying. This is just what will let us guarantee we win on each free bet that people receive from an online bookie – and there are lots of to take advantage of. For every event we would want to place two bets, a traditional bet with the bookie who may be supplying the free bet and a lay bet with a betting exchange. I provides you with an illustration to clarify this procedure.
Now, suppose that Paul just learned about matched betting and wants to give it a try. First he finds a bookie that is offering a free bet. He then reads the stipulations from the free bet offer (very important – always read the T&Cs). He discovers that to get the free bet he must first place a bet with his own money for £25 he then will receive a free bet of the same value once the qualifying bet has settled.
He finds, as an example, a football match in which the bookie is providing likelihood of 3. for team A to win the match and 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 about this bet in the bookies and lays £24.59 at the betting exchange. This may seem like a strange amount to lay but if you work it out it can akrhrn the exact same return on whatever outcome happens in the match. Which is a lack of £1.64 whatever happens.
This looks like a bad start. Paul just lost money and i also said this was a guaranteed way to win risk free! BUT, now we now have qualified for your free bet. So Paul’s next bet could have a significantly better outcome. Now he bets on player B to beat player A at likelihood of 5. in the bookie and manages to obtain the same odds with all the betting exchange. He uses his free £25 bet to place the bet at the bookies. Then he works out he must lay £20.20 at the betting exchange in order that regardless of what the end result he will win the same amount.
This time the match finishes and he has won £19.19. If we get rid of the £1.64 that Paul lost in qualifying for that 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 which they offered free money for simply clicking on their links with other sites. He produced a quick search for bookies offering cashback at his usual cashback site. He clicked a web link right through to the bookie which had been supplying the free bet and earned himself an extra £10 for two minutes work.
So for placing two risk-free bets Paul had managed to earn himself £27.55. A good thing is the fact that regardless of what the outcome he knew that he could be certain to win money. Paul felt that it was quite nice to win money this easily and repeated this technique repeatedly.