I’ll point out a method I have been using which has provided me with a nice flow of free and easy money over the past couple of weeks.
I’ve read and known about this method and the basics from it for some years now, but for reasons uknown or another I recently never got Madhur Night Panel Chart around to implementing this knowledge and cashing in on it until recently.
The manner I’m on about is cashing in bookmakers free wagers, it is also known as Matched Wagering. I have been generating money for free from using these methods for a few months now and regularly write about how i do, on my website.
So far this year I have made a few hundred pounds, it really is a little goldmine and I’ve no where near finished yet.
Basically all I really do is open new bookmakers accounts, place the free wagers I get for opening the accounts and then lay the same wagers on a wagering exchange for a proportion of the free bet amount in order to guarantee myself a cash return no matter what the end result of the event is.
It is not betting and it is almost without risk. Most people would say it is without risk, the only reason why I don’t is really because if you do it wrong you could lose cash.
To clarify that, what I am saying is that if you place your wagers in an incorrect fashion you could lose cash. You must make sure that you grasp what you do, you need to see the terms and conditions to make sure you know maximum bet amounts, and you must make sure that you understand the principle of laying a team (this is the opposite to wagering on a team to win, it is effectively still a bet, but a bet on the team NOT winning) on a wagering exchange.
For example, what you do is open a bookmakers account offering a free bet, in the interests of this example let’s say the free bet is for £50. 00 (not an uncommon amount).
I’ll use simple maths for this example. To get the £50. 00 free bet, you will probably need to place a £50. 00 being approved bet. To ensure this doesn’t lose you hardly any money, you lay the same bet on a wagering exchange.
So what I would do first is place my being approved bet. For this I’ll back Britain to beat Australia at cricket at probability of 2. 00 (Even money), so i place £50. 00 on Britain at 2. 00 (Even money) with the bookmaker to win another £50. 00.
Then i lay Britain on the wagering exchange for £50. 00 at Even money (or as close to Even money as i can get), this way I won’t lose my being approved bet of £50. 00.
I will probably have to lay Britain at a little bit over 2. 00 (Even money) as it is rare for the two prices to be exactly the same. It will not be too much though, it could be about 2. 2008 or 2. 06, which will mean I would get slightly less than my £50. 00 back.
Basically I will avoid £48. 00 to £49. 00 back on my being approved bet, meaning it has lost me something between £1. 00 to £2. 00. But I’m not too irritated about that as i will make it back and more using my free bet.
Then i wait for the next cricket match to start and this time I take advantage of my £50. 00 free bet to again back Britain at 2. 00 (Even money) to win £50. 00 again.
But this time when i lay Britain on the wagering exchange, I only lay them for £25. 00 : half the free bet amount. This way I get £25. 00 no matter what happens.
This is guaranteed profit. If Britain win I win £50. 00 back from my free bet and I lose £25. 00 on the wagering exchange, that’s £25. 00 profit.
If Britain lose I will get nothing back from my free bet (remember, I don’t lose anything as it’s a free bet). But I really do get £25. 00 back from the wagering exchange because I played a lay bet on Britain for £25. 00 (remember from earlier, when i wrote a lay is a bet on a team NOT winning). So as you can see, you win no matter what happens.
This is just a rough guide as to how this method of trading (or wagering some might say) works. It is a lot easier to clear up the amounts of money needed on both sides of the picture with the likelihood I used in my example. I can assure you that it gets far more awkward to clear up the equations involved when you are dealing with a different variety of likelihood.
Personally I work them out myself, but I am confident in what I’m doing from spending years wagering. For anyone else looking to work with this method who is unsure of what total use, ‘Matched Wagering Calculators’ can be found on the internet. These methods can be used for Football Wagering and for wagering on most sports in general.
There are hundreds : maybe even thousands : of pounds worth of free bet offers like this example just waiting to be exposed. I have made around £700 this year and I still have a lot to use.
Another little tip is that your Mum, Dad, Aunt, Wife or Girlfriend, etc can do this as well after you have learned how to do it and worked your way through all the available free wagers.