07 August, 2011

How to make money with free bets

From now on everytime you see a free bet or bonus offer from a bookmaker, just think one thing, risk free profit.

I know what people say when they first hear this, “Risk Free Profit, yeah right”, “You can’t get something for nothing”, “There is no such thing as free lunch”. Well actually there is, as you can now grow your betting bank risk free for a long as you want, at whatever rate you want to do it and it is within your grasp just by reading this article. So now you can have a free lunch, breakfast and dinner anytime you like!

As online bookmakers vie for each others share of punters nearly all, at some stage, offer free bets and bonuses as an incentive for new customers to sign up or existing customers just to have another bet with them. You know the sort of thing “bet £25, receive a free £25 bet” when opening a new account. This is great news for us, the punter, as using a technique called “matched betting”; it is possible to convert ANY such offer into risk free profit, regardless of the outcome.

How it works:

1. Obtain the free bet for the lowest possible cost by BACKing a selection with the bookmaker and LAYing the same selection on a Betting Exchange. This makes the bet risk free.

2. Now repeat step one but now using the free bet or bonus as your stake money to back 1 selection with and again LAY the same selection on the Betting Exchange to make the bet risk free but as you are not staking with your own money at the bookmaker you have now generated some risk free profit.

3. Withdraw your cash from the accounts, move onto the next offer and go back to Step One.

Once you start looking you will find that the sky for your betting bank is, quite literally, the limit.

We have personally tested and can recommend almost £2000 in risk free bets offers currently advertised with approved online bookmakers and with average risk free return on a free bet being 60% (a very conservative average we must say), that is over £1200 that can be made to start off with and all risk free.

How to make money with oddsmatcher. part II

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