This is the partner article to “Earn Cashback on a Bet That is Already Guaranteed to Win You Money – 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 conventional deal is that you 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 really is settled you claim your free bet.
Just after 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 new to betting exchanges they are a somewhat recent accessory for bk8thai that have become extremely popular. Briefly, this requires patching two bettors together that have an interest in betting on a single outcome of an event. A good example may be for just one soccer team to beat another.
If there have been two bettors, Peter and Paul, who wished to place a bet on the 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, similar to betting up against the bookie. On the other hand Paul will be betting against team A winning, essentially utilizing the bookie’s role.
Using the position of betting against an occasion happening, like team A winning in the earlier example, is known as laying. This is what will let us guarantee that people win on each free bet that people receive from a web-based bookie – and there are lots of to benefit from. For every event we may wish to place two bets, a regular bet with the bookie who may be offering the free bet along with a lay bet having a betting exchange. I will give you a good example to clarify this procedure.
Now, suppose that Paul has just found out about matched betting and wants to give it a try. First he finds a bookie who may be offering a totally free bet. He then reads the stipulations in the free bet offer (very important – always read the T&Cs). He discovers that to get the free bet he must first place a bet together with his own money for ? he then will receive a free bet of the identical value once the qualifying bet has settled.
He finds, as an example, a football match where bookie is offering odds of 3. for team A to win the match as well as the betting exchange offers 3.1 for team A to not win (i.e. for team A to get rid of or draw). He then places ? with this bet on the bookies and lays ?.59 at the betting exchange. This may sound like an unusual amount to lay but when you work it out it can give precisely the same return on whatever outcome takes place in the match. That is a loss in ?64 regardless of what happens.
This sounds like a bad start. Paul has just lost money and that i said this is a guaranteed method to win risk free! BUT, now we have qualified for your free bet. So Paul’s next bet could have a much better outcome. Now he bets on xomhit B to conquer player A at chances of 5. at the bookie and manages to get the same odds using the betting exchange. He uses his free ? bet to put the bet on the bookies. Then he works out he has to lay ?.20 on the betting exchange in order that no matter what the result he will win the same amount.
This time around the match finishes and that he has won ?.19. Whenever we get rid of the ?64 that Paul lost in qualifying for the free bet we have been left using a risk-free profit of ?.55. Paul was quite happy 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 they offered free money for simply clicking on their links to many other sites. He created a quick search for bookies offering cashback at his usual cashback site. He clicked a web link right through to the bookie that was supplying the free bet and earned himself an extra ? for 2 minutes work.