This is the partner article to “Earn Cashback on a Bet That is Already Certain 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 follow-up article we shall consider the technique for guaranteeing that you make risk free cash using online bookies free bet offers.
The standard deal is you sign as much as an internet bookie and deposit some cash together. After this 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 is certainly another element that must definitely be included. This can be based on betting exchanges. If you are not familiar with betting exchanges they may be a relatively recent accessory for bk8thai that have become quite popular. Briefly, this involves patching two bettors together that have an interest in betting on a single outcome of an event. An example might be for just one soccer team to beat another.
If there was two bettors, Peter and Paul, who wished to place a bet over a certain soccer team A beating another soccer team B then this 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 through the other. Peter could be utilizing the traditional role in betting for team A to win, comparable to betting from the bookie. On the other hand Paul could be betting against team A winning, essentially using 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 just what will allow us to guarantee we win on each free bet 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 is offering the free bet as well as a lay bet with a betting exchange. I provides you with an example to clarify this procedure.
Now, believe 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 terms and conditions of the free bet offer (essential – always read the T&Cs). He discovers that to get the free bet he must first place a bet along with his own money for ? then he will receive a free of charge bet the exact same value after the qualifying bet has settled.
He finds, for instance, a football match in which the bookie is offering odds of 3. for team A to win the match as well as the betting exchange is providing 3.1 for team A to not win (i.e. for team A to shed or draw). Then he places ? about this bet on the bookies and lays ?.59 in the betting exchange. This may sound like a strange figure to lay however, if you work it out it is going to give the exact same return on whatever outcome takes place in the match. Which is a lack of ?64 no matter 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 now have qualified for the free bet. So Paul’s next bet may have a far better outcome. This time he bets on xomhit B to overcome player A at chances of 5. at the bookie and manages to obtain the same odds with the betting exchange. He uses his free ? bet to set the bet at the bookies. Then he works out he has to lay ?.20 at the betting exchange in order that whatever the result he will win the same amount.
Now the match finishes and he has won ?.19. If we take away the ?64 that Paul lost in qualifying for that free bet we are left with a risk free profit of ?.55. Paul was quite satisfied with the ?.55 he had just won – especially while he had already earned ? before he even placed the bet! He is a frequent cashback site user and knew which they offered free money for clicking on their links with other sites. He made a quick search for bookies offering cashback at his usual cashback site. He clicked a web link to the bookie which was supplying the free bet and earned himself an added ? for 2 minutes work.