This is the partner article to “Earn Cashback on a Bet That is Already Guaranteed to Win You Money – The Icing on the Meal!” which discussed using cashback sites to have an extra cash boost your winnings from the sports books. 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 for online bookie and deposit some cash 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 should be included. This primarily based around betting trades.
If you are unfamiliar with betting exchanges usually are very well a relatively recent addition to online betting that have been very popular. Briefly, this involves patching two bettors together who have a desire for betting on one outcome of an event. An example could be for one soccer team to get rid of 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 receives a commission from the other. Peter would be taking the traditional role in betting for team A to win, much betting against the bookie. On another hand Paul would be 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 earlier example, is referred to laying. This exactly what will allow us to guarantee that we win on each free bet that we receive from an isolated bookie – generally there are many in order to advantage of. Every event we may want to place two bets, a traditional bet with the bookie who is providing the free bet and lay bet with a betting exchange. I’m going to give you a case in point to clarify this technique.
Now, imagine that Paul has just found out about matched betting and wishes to try it apart. First he finds a bookie which 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 will bet he must first place a bet with his very own money for 25 then he get a free bet of the same return once the qualifying bet has resolved.
He finds, bastanatcasinot.com for example, a football match where the bookie is offering odds of 3rd.0 for team A to win the match and the betting exchange is providing 3.1 for team A not to win (i.e. for team A to lose or draw). Create places 25 on that bet at the bookies and lays 24.59 at the betting exchange. This may sound like an odd amount to lay but if knowledge it out it’s give exactly you shouldn’t return on whatever outcome occurs in the match. That is a loss of distinct.64 no matter what happens.