This is the partner article to “Earn Cashback on a Bet That’s Already Guaranteed to Win You Money – The Icing on the Birthday cake!” which discussed using cashback sites to go in for an extra cash boost your winnings from the bookies. In this follow up article we look at the technique for guaranteeing that you make risk free cash using online bookies free bet offers.
The standard deal is that you sign up to an online bookie and deposit some money with them. After this you place a bet with them (usually for odds over 2.0), once this is settled you claim your free bet.
Just following the above procedure would not guarantee you free cash. There but another element that end up being included. This is based around betting swaps.
If you don’t know betting exchanges they are a relatively recent addition to online betting that have become very popular. Briefly, this involves patching two bettors together who have a desire for betting on one outcome of something. An example could be for starters soccer team to beat another.
If there were 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 wanted to bet against team A beating team B then whoever bet on the correct outcome would get compensated from the other. Peter would be taking the traditional role in betting for team A to win, significantly like betting against the bookie. On one other hand Paul could betting against team A winning, in essence taking the bookie’s role.
Taking the position of betting against an event happening, such as team A winning in the example, is because laying. This precisely what will allow us to guarantee we win on each free bet which people receive from internet bookie – right now there are many think about advantage of. For each event we will want to place two bets, a traditional bet with the bookie who is offering the free bet using a lay bet along with a betting exchange. I’m going to give you a model to clarify it.
Now, imagine that Paul has just found out about matched betting and wants to try it out. First he finds a bookie who is offering a free bet. Then he reads the agreements of the free bet offer (very important – always read the T&Cs). He discovers that to get deals are going to bet he must first place a bet with his very own money for 25 then he get a free bet of the same value once the qualifying bet has settled.
He finds, for example, a football match where the bookie is offering odds of three or more.0 for team A to win the match and vinnapacasino.com the betting exchange is providing 3.1 for team A not november 23 (i.e. for team A to lose or draw). Precisely what places 25 on this bet at the bookies and lays 24.59 at the betting exchange. May possibly sound like a weird amount to lay but if knowledge it out it must give exactly likely to return on whatever outcome occurs within the match. That is a loss of 1.64 no matter what happens.