This is the partner article to “Earn Cashback on a Bet That is Already Sure to Win You 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 followup article we shall consider the technique for guaranteeing that you make risk-free cash using online bookies free bet offers.
The typical deal is that you simply sign as much as a web-based bookie and deposit some cash with them. After that you set a bet with them (usually for odds over 2.), once this can be 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 is based on betting exchanges. In case you are unfamiliar with betting exchanges these are a fairly recent addition to bk8thai that are presently extremely popular. Briefly, this requires patching two bettors together that have an interest in betting using one outcome of an event. An illustration may be for just one soccer team to beat another.
If there were two bettors, Peter and Paul, who desired to place a bet over a certain soccer team A beating another soccer team B then your betting exchange could patch them together. If Peter wanted to bet on team A beating team B but Paul desired to bet against team A beating team B then whoever bet on the correct outcome would receive money from your other. Peter would be taking the traditional role in betting for team A to win, similar to betting from the bookie. On the other hand Paul will be betting against team A winning, in effect utilizing the bookie’s role.
Taking the position of betting against a function happening, such as team A winning in the last example, is referred to as laying. This is exactly what will let us guarantee that people win on each free bet that we receive from a web-based bookie – and there are numerous to make the most of. For each and every event we may wish to place two bets, a traditional bet with the bookie who may be offering the free bet and a lay bet using a betting exchange. I provides you with an example to explain this technique.
Now, imagine 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. He then reads the terms and conditions from the free bet offer (very important – always read the T&Cs). He discovers that to obtain the free bet he must first place a bet together with his own money for ? he then will get a free bet of the identical value once the qualifying bet has settled.
He finds, as an example, a football match in which the bookie is providing chances of 3. for team A to win the match and the betting exchange offers 3.1 for team A never to win (i.e. for team A to lose or draw). He then places ? with this bet on the bookies and lays ?.59 on the betting exchange. This may sound like an unusual add up to lay but if you work it out it will give the exact same return on whatever outcome happens in the match. That is a loss of ?64 regardless of what happens.
This sounds like an unsatisfactory start. Paul has just lost money and i also said this was 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 likelihood of 5. on the bookie and manages to have the same odds using the betting exchange. He uses his free ? bet to put the bet on the bookies. Then he works out that he has to lay ?.20 in the betting exchange so that no matter what the end result he will win exactly the same amount.
This time around the match finishes and he has won ?.19. Whenever we get rid of 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 as 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 other sites. He created a quick search for bookies offering cashback at his usual cashback site. He clicked a link right through to the bookie that was offering the free bet and earned himself an extra ? for 2 minutes work.