This Is the partner article to “Earn Cashback on a Bet Which is Already Guaranteed to Win You Money – The Icing on the Cake!” which discussed using cashback sites to get an additional cash boost to your winnings through the bookies. Within this follow up article we shall glance at the technique for guaranteeing that you make risk-free cash using online bookies free bet offers.
The typical deal is that you sign up to an online bookie and deposit some cash together. After this 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 be included. This really is based upon betting exchanges. If you are new to betting exchanges they are a somewhat recent addition to BK8 that are presently quite popular. Briefly, this requires patching two bettors together who have an interest in betting on one results of an event. An example may be for starters soccer team to conquer another.
If there was two bettors, Peter and Paul, who wanted 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 desired 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 could be betting against team A winning, ultimately using the bookie’s role.
Using the position of betting against an event happening, including team A winning in the previous example, is called laying. This is just what will let us guarantee that people win on each free bet that we 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 with all the bookie who is offering the free bet along with a lay bet having a betting exchange. I will give you an example to clarify this method.
Now, suppose that Paul recently discovered 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 of the free bet offer (essential – always browse the T&Cs). He discovers that to have the free bet he must first place a bet together with his own money for £25 he then will receive a totally free bet of the same value when the qualifying bet has settled.
He finds, as an example, a football match where the bookie offers chances 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). He then places £25 with this bet at the bookies and lays £24.59 on the betting exchange. This may seem like a strange amount to lay but if you work it it can akrhrn exactly the same return on whatever outcome occurs in the match. Which is a loss in £1.64 no matter what happens.
This seems like a poor start. Paul just lost money and I said it was a guaranteed method to win risk free! BUT, now we have now qualified for our free bet. So Paul’s next bet will have a significantly better outcome. This time around he bets on player B to conquer player A at likelihood of 5. in the bookie and manages to obtain the same odds with the betting exchange. He uses his free £25 bet to put the bet on the bookies. He then works out he needs to lay £20.20 at the betting exchange to ensure that regardless of what the result he will win the identical amount.
Now the match finishes and he has won £19.19. When we take away the £1.64 that Paul lost in qualifying for your free bet our company is left using a risk-free profit of £17.55. Paul was quite satisfied with the £17.55 he had just won – especially as he had already earned £10 before he even placed the bet! He or she is a frequent cashback site user and knew they offered free money for simply clicking on their links to other sites. He made a quick search for bookies offering cashback at his usual cashback site. He clicked a hyperlink to the bookie which was providing the free bet and earned himself an extra £10 for just two minutes work.
So for placing two risk free bets Paul had managed to earn himself £27.55. A good thing is that regardless of what the outcome he knew which he would be guaranteed to win money. Paul felt which it was quite nice to win money this easily and repeated this method repeatedly.