This is the partner article to “Earn Cashback on a Bet That is Already Sure to Win You Money – The Icing on the Cake!” which discussed using cashback sites to get an extra cash boost to your winnings from the bookies. Within this follow up article we shall consider the technique for guaranteeing that you make risk free cash using online bookies free bet offers.
The typical deal is you sign up with an online bookie and deposit some funds with them. After that you place a bet with them (usually for odds over 2.), once this can be settled you claim your free bet.
Just following the above procedure would not guarantee you free cash. There exists another element that really must be included. This can be based upon betting exchanges. If you are unfamiliar with betting exchanges they may be a somewhat recent addition to เว็บพนันออนไลน์ that are presently quite popular. Briefly, this requires patching two bettors together who may have an interest in betting on a single result of an occasion. An example might be for one soccer team to overcome another.
If there have been two bettors, Peter and Paul, who wanted to place a bet on the certain soccer team A beating another soccer team B then the betting exchange could patch them together. If Peter wanted 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 will be taking the traditional role in betting for team A to win, much like betting from the bookie. On the contrary Paul will be betting against team A winning, essentially utilizing the bookie’s role.
Using the position of betting against an event happening, like team A winning in the last example, is called laying. This is what will let us guarantee that people win on each free bet that we receive from an online bookie – and there are numerous to benefit from. For every event we would want to place two bets, a traditional bet with the bookie who may be providing the free bet as well as a lay bet with a betting exchange. I will provide you with a good example to clarify this procedure.
Now, suppose that Paul just learned about matched betting and wants to try it out. First he finds a bookie who 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 receive a totally free bet of the same value when the qualifying bet has settled.
He finds, for 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 to not win (i.e. for team A to get rid of or draw). He then places £25 with this bet in the bookies and lays £24.59 in the betting exchange. This might seem like a strange amount to lay but when you work it all out it will give the exact same return on whatever outcome takes place in the match. Which is a loss of £1.64 regardless of what happens.
This looks like a poor start. Paul just lost money and I said this is a guaranteed method to win risk free! BUT, now we have qualified for the free bet. So Paul’s next bet may have a much better outcome. This time he bets on player B to overcome player A at chances of 5. in the bookie and manages to get the same odds with all the betting exchange. He uses his free £25 bet to put pyiyki bet on the bookies. He then works out which he must lay £20.20 in the betting exchange in order that regardless of what the result he will win the same amount.
This time the match finishes and he has won £19.19. When we get rid of the £1.64 that Paul lost in qualifying for the free bet our company is left having a risk free profit of £17.55. Paul was quite pleased with the £17.55 he had just won – especially because he had already earned £10 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 to many other sites. He produced a quick look for bookies offering cashback at his usual cashback site. He clicked a hyperlink to the bookie which had been offering the free bet and earned himself an added £10 for 2 minutes work.
So for placing two risk free bets Paul had managed to earn himself £27.55. A good thing is the fact that regardless of what the end result he knew which he would be sure to win money. Paul felt that it was quite nice to win money this easily and repeated this method over and over again.