This article is the companion article to “Earn cashback on a bet that is already guaranteed to win you money – The icing on the cake!” This article discussed how to use cashback sites to increase your winnings at the bookies. We will now discuss how to guarantee that you win risk-free cash by using free online betting offers from bookies.
You sign up for an online bookie, deposit money and then you are done. You then place a wager with them, usually for odds of over 2.0. Once the bet is settled, you can claim your free bet.
The above procedures will not guarantee that you get free money. You must also include another component. This element is based on betting exchanges.
Betting exchanges are an addition to online gambling that has become extremely popular in recent years. This is simply a way to bring together two people who are interested in betting on the outcome of an event. One example would be the beating of one soccer team.
The betting exchange could join two bettors, Peter or Paul, who would place a wager on one soccer team beating another. If Peter wanted to place a bet on team A defeating team B, but Paul wanted to wager against team A defeating team B, then the money would be split between the two. Peter would take the traditional betting role for team A to win. This is similar to betting against a bookie. Paul, on the other hand, would be betting against team winning and thus taking over the role of the bookie.
Laying is the act of placing bets against an event, such as team A winning the previous example. This will ensure that we win every free bet we receive from an internet bookie. There are many to choose from. We will need to place two bets for each event. One with the online bookie offering the free bet, and one with a betting exchange. To illustrate this, I’ll give you an example.
Imagine that Paul just discovered matched betting and wants it to work for him. He first finds a bookie that offers a free bet. He then reads through the terms and conditions for the free bet offer. After completing the qualifying bet, he discovers that he must place a bet using his own money. Once the qualifying bet is settled, he will be eligible for a free bet equal to the amount he placed.
For example, he finds a match in football where the bookie offers odds of 3.0 for A to win and the betting exchange offers 3.1 for A not to lose (i.e. For team A to lose, or draw). Then he places PS25 at the bookies and then lays PS24.59 on the betting exchange. Although it may seem like a large amount to lay, it will provide the exact same return regardless of the outcome. This is a loss in PS1.64 regardless of what happens.
This seems like a terrible start. Paul just lost his money, and I told him that this was a sure way to win without risk!
But, we are now eligible for the free bet. Paul’s next bet is likely to have a better outcome m88.
He bets on player A to defeat player B at odds of 5.0 at bookies and gets the same odds at the betting exchange. To place the bet at bookies, he uses his PS25 free bet. He calculates that he must lay PS20.20 at a betting exchange in order to win the same amount, regardless of the outcome.
He has now won PS19.19. We can take out the PS1.64 Paul lost during qualifying for the free bet and we have a PS17.55 profit.
Paul was very happy with the PS17.55 that he just won, especially considering that he had already earned PS10 prior to placing the bet!
He was a regular cashback site user, and knew that they offered money for clicking on links from other sites. He did a quick search to find bookies that offered cashback on his cashback site. For just two minutes, he clicked the link to the bookie offering the free bet. He earned an additional PS10.
Paul was able to win PS27.55 by placing two risk-free bets. He knew that regardless of the outcome, he would win money. Paul found it quite enjoyable to win money so he repeated the technique repeatedly.
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