Using Bookmaker Offers
You are probably aware of the free bet offers from many on-line bookmakers.
Usually you need to place a 'qualifying' bet in order to release the 'free' money. Making it seem like a waste of time.
But hang on - now that you are familiar with the betting exchanges we can show you how to get your free bet released whilst still keeping your financial balance in the black!
Here's how.
- Imagine that Bet365, Totesport or Ladbrokes offer a Free £25 Bets when you join and first bet £25.
- You see odds on Manchester United winning the next soccer game at 3/1 at Bet365 and back for £25.
- You lay Manchester United in the same game at the same odds (4.0**) at a Betting Exchange like Betfair.
If you back Manchester United with £25 at the bookmaker and then lay Manchester United with £25 at Betfair, you won’t lose a penny.
Why?
If they win you'll get £75 profit at the bookmaker .
At Betfair you'll have to pay out £75 (you will have to deposit this into Betfair before you start) meaning a loss of £75.
The £75 profit from the bookmaker cancels out the £75 loss at Betfair. Net ZERO!
If Manchester United lost or drew the game, you would be in the same position but would have lost £25 at the bookmaker and gained £25 at Betfair. Net ZERO!
Great. What was the point of that?
The point is that now you have the free £25 bet to play with at the bookmaker!
I want to be smarter and guarantee a profit instead of Net ZERO
What if we want to win some money whatever the outcome? We can by using the bets as follows:
Consider this:
Liverpool are playing and are 3/1 to win at Bet365.
But the exchange does not offer the same price - they are slightly higher at 7/2 (4.5 decimal odds)
- Back Liverpool using your £25. Potential profit of £75.
- Lay Liverpool for £16.67 (Potential profit / the current lay price on the exchange of 4.5 or 75/4.5 - This figure depends upon your current commission rate but for now we don't need to worry about it). This gives us a liability on the exchange of £58.35.
Let's see the possible outcomes.
Liverpool win.
We win £75 from the bookmaker but have to pay out £58.35 on the exchange. We profit by £16.65.
Liverpool lose or draw.
We lose the £25 at the bookmaker but win £16.67 on the exchange. We lose £8.33 don't we? NO - the bookmaker has just given us our FREE BET of £25. So we profit by £16.67!
The beauty here is that we can guarentee a profit even if the exchange price is significantly higher than that available in the bookmaker.
Follow the links below or to the right and start claiming your free money now! Use Bet Angel Professional to place your exchange bets at either Betfair or Betdaq.
Be sure to read the terms of the free bets. Some bookmakers may only release the free bets in stages. In this case, your first bet should equal the first release amount and not the whole free bet amount.
** - 3/1 in fractional odds is equal to 4.0 in decimal odds.