Many online bookmakers offer a signup bonus usually a free bet, as an incentive to open an account with them. This usually requires an initial bet with your own money in order to obtain the free bet, by using a betting exchange such as Betfair you can remove the risk of losing your own money and extract the free bet in the process to make a profit.
To do this you use a technique called matched betting, by backing or betting an event at a bookmaker and laying the same event at a betting exchange it is possible to extract free bets to guarantee a profit.
How to get started..
- Open an account with a bookmaker
- Open an account with one of the betting exchanges
- Place a qualifying bet with a bookmaker and lay the bet at one of the betting exchanges
- A free bet will then be credited to your account
- Place the free bet at the bookmaker and lay the bet at one of the betting exchanges
When placing a bet with a bookmaker, you place what is known as a stake/wager (which is the amount of money you are betting) on the outcome of an event at particular odds. Using a football match for example, if you were to place ?10 on Team X winning the football match at 3/1 (4.0 in decimal odds) you would win ?40 (your wager of ?10 plus the winnings of ?30), but if you lost the bet the bookie would keep your ?10 and you would receive nothing.
Taking the above example, imagine you are the bookie offering the same odds to someone for the same outcome, if the bet loses you gain their ?10, however if the bet wins you have to pay out ?40 (?10 of their money, and ?30 of your money). This is known as ?laying? a bet and is something which can be processed on a betting exchange.
If you were to place the bet above and then lay the same bet at the same odds (by using a betting exchange and acting as the bookie) whatever the outcome of the match you would not lose any money as the bets would cancel each other out.
BET THIEF.COM
It is true that racing can be a complicated sport to understand which can sometimes make it hard for the beginners to get into and enjoy and reap the rewards.
That?s where Bet Thief.com comes in ? for the novice bettors and experienced enthusiasts alike.
The undisclosed expert at Bet Thief.com analyses a wealth of factors prior to a horse race. This function involves investigating the dynamics of a race such as the importance of the draw, the state of the going, paddock inspection, betting moves, hidden handicaps, jockeyship and more. This research results in a winning formulation to predict leaders in a particular race. And of course on the flip side predict losers whereby ?lay? bets can be placed.
Bet Thief.com produce, on daily basis well educated predictions straight to you ? prior to the races in order for you to beat the odds. That?s when you become ?? The Bet Thief?!
Future ?Bet Thiefs?? click below to learn about becoming a member and receiver of the daily well educated predictions!
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