This Is the partner article to “Earn Cashback on the Bet Which is Already Guaranteed to Win You Cash – The Icing on the Cake!” which discussed using cashback sites to have an added cash boost to your winnings from the bookies. Within this follow-up article we are going to glance at the way of guaranteeing that you make risk-free cash using online bookies free bet offers.
The typical deal is that you simply sign-up to an online bookie and deposit some cash along with them. After that you place a bet together (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 is certainly another element that must definitely be included. This really is based upon betting exchanges. In case you are unfamiliar with betting exchanges they may be a relatively recent accessory for BK8 that are presently quite popular. Briefly, this requires patching two bettors together who may have an interest in betting on one outcome of a function. An illustration could be for just one soccer team to conquer another.
If there was 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 wanted to bet against team A beating team B then whoever bet on the correct outcome would receive money from your other. Peter could be taking the traditional role in betting for team A to win, similar to betting from the bookie. On the contrary Paul will be betting against team A winning, essentially utilizing the bookie’s role.
Using the position of betting against an event happening, such as team A winning in the earlier example, is called laying. This is just what will allow us to guarantee that people win on each free bet that people receive from an online bookie – and there are many to make the most of. For each event we will want to place two bets, a traditional bet using the bookie who is providing the free bet and a lay bet having a betting exchange. I will provide you with an example to clarify this technique.
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 conditions and terms in the free bet offer (extremely important – always look at the T&Cs). He discovers that to have the free bet he must first place a bet along with his own money for £25 then he will get a free bet of the same value once the qualifying bet has settled.
He finds, for example, a football match in which the bookie is providing likelihood of 3. for team A to win the match and also the betting exchange offers 3.1 for team A never to win (i.e. for team A to get rid of or draw). He then places £25 on this bet in the bookies and lays £24.59 on the betting exchange. This might seem to be a strange figure to lay but if you work it it can akrhrn precisely the same return on whatever outcome happens in the match. Which is a lack of £1.64 no matter what happens.
This seems like a poor start. Paul has just lost money and that i said this was a guaranteed way to win risk free! BUT, now we have qualified for the free bet. So Paul’s next bet may have a significantly better outcome. This time he bets on player B to conquer player A at chances of 5. at the bookie and manages to have the same odds with the betting exchange. He uses his free £25 bet to place the bet in the bookies. Then he works out he needs to lay £20.20 on the betting exchange in order that whatever the outcome he will win exactly the same amount.
This time around 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 our company is left using a risk free profit of £17.55. Paul was quite pleased with the £17.55 he had just won – especially because he had already earned £10 before he even placed the bet! He 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 look for bookies offering cashback at his usual cashback site. He clicked a web link right through to the bookie which had been providing the free bet and earned himself an additional £10 for two minutes work.
So for placing two risk-free bets Paul had were able to earn himself £27.55. A very important thing is that regardless of what the end result he knew which he will be guaranteed to win money. Paul felt that it was quite nice to win money this easily and repeated this procedure repeatedly.