Free batches are a popular promotion technique carried out by a large majority of bookmakers. As the name suggests a free bet is a free amount to be used as your betting stake, it is like having a bet on the bookmaker. These free bets enable us to make a profit using a clever technique called matched betting. This article will show you how you can earn some extra cash using free bets sportsbet.
Bookmakers offer free batches to new customers as an incentive for you to sign up. So before we start, Guest Post the process involving betting. Therefore you need to be 18 years old or older in order to perform matched batches. You also have to become a new customer, if you have signed up to multiple bookmakers in the past then unfortunately you will not receive the full benefit from matched betting.
Matched betting in concept is very simple. It involves placing two bets: the first is to bet for something to happen and the second is to bet against the same thing happening. Which in essence renders the bet neutral as you cannot win or lose.
In practice it is a little harder. The first question on many lips will be “how do I bet against something happening?” Intuition will probably tell you to bet for the other outcomes, so take a football game between Manchester United and Liverpool. Popular perception would say by betting for Manchester United to win, you would need to bet for the draw and Liverpool to win in order to render the bet neutral. This is incorrect, in most circumstances when matched betting you place only two bets – one at a bookmaker and the other at a betting exchange.
Betting exchanges have been dubbed the biggest revolution in gambling ever seen in the UK. Betting exchanges are where gamblers can bet against each other rather than a traditional bookmaker. Odds are dictated by the market and the betting exchange matches funds from people betting for an outcome, with funds from people betting against the same outcome. In principle a betting exchange allows for types of bettors: the first is a backer, and they are just like any punter at a bookmaker and bet for outcomes. The second is a layer, and they act as a bookmaker, betting against the outcome. The betting exchange matches backers and layers at the correct odds, and for providing this service a commission charge on the winner’s profits is usually 5%.