I’m going to illustrate a method I have used which has provided me with a nice flow of free and huge income over the past couple of weeks.
I’ve read and known about this method and the basics of it for whatever reason years now, but for some reason or another I just never got around to implementing this knowledge and cashing in on it until recently.
The method I’m on about is cashing in bookmakers free bets, it’s also known as Matched Betting. I to be able to generating money totally from using methods for a several months now and regularly write about buying and selling domains do, on my website.
So far enjoying a I have resulted in a few hundred pounds, it really might be a little goldmine and I’ve no where near finished yet.
Basically all I do is open new bookmakers accounts, assemble the free bets I am for opening the accounts and then lay the same bets on a betting exchange for a proportion of the free bet amount in order to guarantee myself a cashback no matter exactly what the outcome of the event is.
It is not gambling and will be almost risk cost-free of charge. Most people would say it is risk free, the only reason why I don’t is because should you do it wrong just lose money.
To clarify that, what I am saying is if you place your bets in the wrong fashion you could lose money. You might want to make sure which fully understand what you are doing, you have got to read the finer points to make sure you know optimum bet amounts, and you need to do remember to understand the principle of laying a team (this is the opposite to betting on a team to win, every person effectively still a bet, but a bet on the group NOT winning) on a betting exchange.
For example, people do is open a bookmakers account offering a free bet, for the sake of this situation let’s say the free bet is for 50.00 (not a hard-to-find amount).
I’m going to employ a simple maths let’s imagine. To get the 50.00 free bet, you most likely need to place a 50.00 qualifying bet. To ensure this doesn’t lose you any money, you lay specifically the same bet on a betting exchange.
So what I would personally do first is place my qualifying bet. For this I’m going to back England to beat Australia at cricket at odds of two.00 (Even money), bastaslotscasino.com so I place 250.00 on England at 2.00 (Even money) with no bookmaker to win another 50.00.
I then lay England on the betting exchange for 50.00 at Even money (or as close to Even money as I can get), this way I won’t lose my qualifying bet of 50.00.
I will probably have to lay England at info on over 2.00 (Even money) as its rare for the two prices to be exactly the same. It won’t be too much though, it would be about 2.04 or 2.06, which would mean I would get slightly less than my 50.00 raise.
Basically I will obtain around 48.00 to 49.00 back tiny qualifying bet, meaning it has lost me something between 1.00 to 2.00. But I’m not too bothered about that as I can build it back and more using my free bet.
I then wait for an next cricket match to start and this time I use my 50.00 free bet to again back England at 2.00 (Even money) to win 50.00 again.
But this time when I lay England on the betting exchange, I only lay them for 25.00 – half the free bet amount. This way I get twenty five.00 no matter what happens.
This is guaranteed cash. If England win I win 51.00 back from my free bet i lose 22.00 on the betting exchange, that’s twenty five.00 profit.
If England lose I’m going to get nothing back from my free bet (remember, I don’t lose anything as it is a free bet). But I do get twenty six.00 back from the betting exchange because I played a lay bet on England for 25.00 (remember from earlier, when I wrote a lay is a bet on the team NOT winning). If you would like you can see, shipped to you no matter happens.
This is merely a rough guide as to how this process of trading (or betting some might say) helps. It is a lot easier to work out the sums of money needed on they can be kept of the equation with the odds We used in my example. I can assure you that it gets better awkward to run the equations involved when you are dealing with a differing variety of odds.