This is the partner article to “Earn Cashback on a Bet That is Already Certain to Win Serious Cash – The Icing on the Cake!” which discussed using cashback sites to get an added cash boost to your winnings from the bookies. In this follow up article we will look at the technique for guaranteeing that you make risk-free cash using online bookies free bet offers.
The standard deal is that you sign approximately an online bookie and deposit some money together. After that you place a bet along with them (usually for odds over 2.), once this is settled you claim your free bet.
Just after the above procedure would not guarantee you free cash. There exists another element that really must be included. This really is based around betting exchanges. If you are new to betting exchanges they are a fairly recent accessory for bk8 that are presently quite popular. Briefly, this requires patching two bettors together who have an interest in betting on a single result of a function. A good example could be for just one soccer team to conquer another.
If there were two bettors, Peter and Paul, who desired 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 wanted to bet against team A beating team B then whoever bet on the correct outcome would receive money from your other. Peter would be utilizing the traditional role in betting for team A to win, much like betting from the bookie. On the other hand Paul will be betting against team A winning, in effect taking the bookie’s role.
Using the position of betting against an event happening, such as team A winning in the last example, is called laying. This is just what will permit us to guarantee that people win on each free bet that people receive from an internet bookie – and there are many to make the most of. For each event we may wish to place two bets, a conventional bet using the bookie who is supplying the free bet along with a lay bet having a betting exchange. I will provide you with a good example to explain this procedure.
Now, suppose that Paul has just found out about matched betting and wishes to try it out. First he finds a bookie who is offering a free bet. Then he reads the conditions and terms 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 together with his own money for ? he then will receive a free of charge bet of the identical value once the qualifying bet has settled.
He finds, for instance, a football match in which the bookie offers likelihood of 3. for team A to win the match as well as the betting exchange is providing 3.1 for team A not to win (i.e. for team A to shed or draw). He then places ? with this bet in the bookies and lays ?.59 on the betting exchange. This may sound like a strange amount to lay however, if you work it it is going to give precisely the same return on whatever outcome happens in the match. That is a loss of ?64 no matter what happens.
This sounds like a poor start. Paul has just lost money and that i said this is a guaranteed approach to win risk-free! BUT, now we now have qualified for your free bet. So Paul’s next bet could have a much better outcome. This time around he bets on xomhit B to conquer player A at chances of 5. at the bookie and manages to have the same odds with all the betting exchange. He uses his free ? bet to put the bet on the bookies. He then works out that he needs to lay ?.20 on the betting exchange so that regardless of what the end result he will win the identical amount.
This time around the match finishes and he has won ?.19. When we take away the ?64 that Paul lost in qualifying for your free bet we have been left using a risk free profit of ?.55. Paul was quite satisfied with the ?.55 he had just won – especially because he had already earned ? 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 their links to many other sites. He produced a quick look for bookies offering cashback at his usual cashback site. He clicked a link to the bookie which was offering the free bet and earned himself an added ? for two minutes work.