This Is the partner article to “Earn Cashback on a Bet Which is Already Guaranteed to Win Serious Cash – The Icing on the Cake!” which discussed using cashback sites to have an added cash boost to your winnings through the bookies. In this follow up article we shall look at the technique for guaranteeing that you make risk free cash using online bookies free bet offers.
The standard deal is you sign-up to an online bookie and deposit some money along with them. Following this 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 exists another element that must definitely be included. This really is based upon betting exchanges. If you are not familiar with betting exchanges these are a relatively recent addition to BK8 that have become very popular. Briefly, this requires patching two bettors together who have a desire for betting using one results of an occasion. An example may be for one soccer team to beat another.
If there have been two bettors, Peter and Paul, who desired to place a bet on a certain soccer team A beating another soccer team B then this betting exchange could patch them together. If Peter wished 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 would be using the traditional role in betting for team A to win, comparable to betting from the bookie. On the contrary Paul would be betting against team A winning, ultimately utilizing the bookie’s role.
Using the position of betting against an occasion happening, such as team A winning in the last example, is called laying. This is exactly what will permit us to guarantee that we win on each free bet we receive from an online bookie – and there are lots of to take advantage of. For every event we will want to place two bets, a traditional bet using the bookie that is offering the free bet as well as a lay bet having a betting exchange. I provides you with an example to explain this procedure.
Now, suppose that Paul has just learned about matched betting and wishes to try it out. First he finds a bookie that is offering a totally free bet. He then reads the terms and conditions in the free bet offer (extremely 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 then he will get a totally free bet of the identical value after the qualifying bet has settled.
He finds, as an example, a football match where bookie offers odds of 3. for team A to win the match as well as the betting exchange is offering 3.1 for team A never to win (i.e. for team A to shed or draw). Then he places £25 on this bet in the bookies and lays £24.59 on the betting exchange. This could seem to be a strange add up to lay however, if you work it out it will akrhrn precisely the same return on whatever outcome occurs in the match. That is a loss in £1.64 regardless of what happens.
This seems like an unsatisfactory start. Paul just lost money and that i said it was a guaranteed way to win risk free! BUT, now we have qualified for your free bet. So Paul’s next bet will have a significantly better outcome. This time he bets on player B to conquer player A at odds of 5. on the bookie and manages to get the same odds with all the betting exchange. He uses his free £25 bet to place the bet in the bookies. He then works out that he must lay £20.20 on the betting exchange to ensure that regardless of what the result he will win the same amount.
This time around the match finishes and he has won £19.19. Whenever we take away the £1.64 that Paul lost in qualifying for that free bet we have been left using a risk free profit of £17.55. Paul was quite happy 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 that they offered free money for simply clicking their links to many other sites. He made a quick hunt for bookies offering cashback at his usual cashback site. He clicked a web link through to the bookie which had been providing the free bet and earned himself an added £10 for just two minutes work.
So for placing two risk free bets Paul had managed to earn himself £27.55. A very important thing is the fact that no matter what the outcome he knew that he would be certain to win money. Paul felt it was quite nice to win money this easily and repeated this technique repeatedly.