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How To Make Money From Free Bets

I’m going to point you out to a method I’ve used that has brought me a lovely stream of free and easy cash over the past few weeks.

I have been reading this method and its basics for several years and already know about it, but for some reason until recently I never got around to implementing and monetizing this knowledge.

The method I am talking about is redeeming free bets with bookmakers, also known as matched ae casino betting. I have been generating free money using these methods for a few months now and have been posting regularly on my website about how I do it.

I’ve made a few hundred pounds so far this year, it really is a little gold mine and I’m far from done.

Basically, I just open new bookmaker accounts, place the free bets I get for opening the account, and then place the same bets on a betting exchange for part of the free bet amount to get me a money back no matter what the outcome of the event.

It is not a game of chance and it is almost risk free. Most people would say it’s risk free, the only reason I don’t is because you can lose money if you get it wrong.

To make this clear, I am saying that you can lose money if you place your bets incorrectly. You need to make sure that you fully understand what you are doing, you need to read the terms and conditions to make sure you know the maximum bet amounts and you need to make sure that you understand the principle of team building (this is the opposite of betting on a team that wins it is actually still a bet, but a bet on the team that does NOT win) on a betting exchange.

For example, what you do is open a bookmaker account that offers a free bet. For this example, let’s say the free bet costs £ 50.00 (not an unusual amount).

I’ll use simple math for this example. In order to receive the £ 50.00 Free Bet you will likely need to place a £ 50.00 qualifying bet. To make sure you don’t lose any money, place the same bet on a betting exchange.

So the first thing I would do is place my qualifying bet. For this I will help England beat Australia in cricket at 2.00 (even money), so I bet £ 50.00 on England against 2.00 (even money) at the bookmaker for an additional £ 50.00 to win.

Then I put England on the exchange for £ 50.00 at even money (or as close as possible to even money) so I don’t lose my qualifying bet of £ 50.00.

I will likely have to bet England on just over 2.00 (even money) as it is rare for the two prices to be exactly the same. It won’t be too much though, it could be around 2.04 or 2.06 which would mean I would get back a little less than my £ 50.00.

Basically, I get around £ 48.00 to £ 49.00 back on my qualifying bet which means I lost something between £ 1.00 and £ 2.00. But I don’t worry too much about that because I’ll be back with my free bet and more.

I will then wait for the next cricket match to start and this time use my £ 50.00 free bet to get England back at 2.00 (even money) to win another £ 50.00.

But this time when I put England on the betting exchange I only wagered them for £ 25.00 – half the free bet amount. That way I get $ 25.00 no matter what.

This is guaranteed profit. If England wins I will win back £ 50.00 on my free bet and lose £ 25.00 on the betting exchange for a profit of £ 25.00.

If England loses, I will not get anything back from my free bet (remember, I will not lose anything as this is a free bet). But I’m getting £ 25.00 back from the exchange for playing a lay bet on England for £ 25.00 (remember earlier when I wrote that a lay bet is a bet on a team, that does NOT win). As you can see, you definitely win.

This is just a rough guide on how this trade (or bet, some would say) works. It’s much easier to calculate the amounts needed on either side of the equation using the probabilities I used in my example. I can assure you that working through the appropriate equations becomes much more difficult when you are dealing with different kinds of probabilities.

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