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 obtain an extra cash boost to winnings from the sports books. In this follow up article we will 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 with regard 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 previously mentioned procedure would not guarantee you free cash. There is another element that must be included. This centered around betting exchanges.
If you don’t know betting exchanges yet a relatively recent addition to online betting that at the moment are 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 starters soccer team to get rid of another.
If there were two bettors, Peter and Paul, who wanted to place a bet on a 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 opposite. Peter would be taking the traditional role in betting for team A to win, much like betting against the bookie. On one other hand Paul might possibly be betting against team A winning, in effect taking the bookie’s role.
Taking the position of betting against an event happening, such as team A winning in the previous example, is referred to laying. This is what will allow us to guarantee that marilyn and i win on each free bet people today receive from a price bookie – and there are many to take advantage of. Everyone event we may want to place two bets, a traditional bet with the bookie who is offering the free bet and a lay bet with a betting exchange. I will give you one example to clarify particular.
Now, imagine that Paul has just found out about matched betting and morveotesiforum.com wishes to try it finally out. First he finds a bookie which offering a free bet. Then he reads the terms of 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 with his or her own money for 25 then he will receive a free bet of the same value once the qualifying bet has wrapped up.
He finds, for example, a football match where the bookie is offering odds of 3.0 for team A to win the match and the betting exchange offers 3.1 for team A not to win (i.e. for team A to lose or draw). Then he places 25 in that bet at the bookies and lays 24.59 at the betting exchange. This may sound like a bizarre amount to lay but if you can work it out it should give exactly very same return on whatever outcome occurs within the match. That is really a loss of 1.64 no matter what happens.