- What Are Cross Betting Promotions?
- What Are The Benefits Of Pursuing Cross Betting Promotions?
- Cross Betting Promotions Examples
- How To Complete Casino Wagering With Minimum Loss
- Specific Process
- Matched Betting
- Betting Cross Promotion Wrap Up
What Are Cross Betting Promotions?
Cross betting promotion is a type of offer like “Bet xx in xx Sports Event, Get xx Casino Bonus (Free Spins)” or “Wager xx in Casino, Get xx Sports Free Bet”.
It’s often run by big bookmakers’ sites that provide full package services of SportsBook, Casino, Game & Bingo etc. For them, the sportsbook is a big sales generator but not a profit driver.
The casino makes the real profit for them, thus they make every effort to attract sports bettors to the casino games.
What Are The Benefits Of Pursuing Cross Betting Promotions?
For us advantage players, there are 2 benefits;
- Simply we can lock-in profits (although depending on the requirements) from the offer
- We may be able to help prevent Gubbing (account restriction) because bookies like the customers who play other games than the sportsbook.
Regarding the No.2, Gubbing is the biggest problem for the advantage player to achieve long-term sustainable profitability.
If you keep exploiting too much value from the bookmakers, you may most likely to be gubbed, means your betting account will be restricted. Actually, it’s just a matter of time before most of the soft bookies limit your account if you do matched betting (will talk about it later) without any precautionary actions.
So, we have prepared the following 2 guides – One is Before Restriction, the Other One is After Restriction;
Anyhow, in this guide, I focus on No.1 How To Secure Profit from this type of offers by using the real example.
Cross Betting Promotions Examples
There are so many cross betting promotions like;
Let me use Stan James offer to explain the whole process. BTW, Stan James was acquired by Unibet, but the case we use in this guide can permanently apply to any similar offers, so this guide is viable.
The below is the T&C of Stan James Cross Offer of Betting Promotions;
Very straightforward. All we need to do is to Wager £10 in Live Casino, then they give us £5 Free Bet we can use in Sports. The key point is how we avoid gambling in the process of completing £10 wager.
How To Complete Casino Wagering With Minimum Loss
Basically, we can’t beat the casino simply because there is built-in House Edge like Overground in sportsbook odds, which makes you certainly lose in the long term.
It’s not cheating at all. The casino is a profit aiming business and it’s absolutely fair for them to set profit margin structure to cover their business cost & reasonable profit as any other usual business does.
You may say, many people win in the casino. I am saying the long term, for short term yes you have chances to win due to the variances which are dependence on luck, that is so-called gambling.
We’re not doing gambling, therefore our aim is not beating the casino game but focusing on the extraction of the bonus. We use EV (Expected Value) to gauge if each opportunity is worth pursuing in Casino.
Please see how we use EV in General Strategies To Beat Online Casino Bonuses, where I also show the step by step tactics for the 3 most popular & relatively lower house edge games (Blackjack, Roulette & Slot).
In short, what we need to do is to Select The Lower House Edge Game & to make the variance low as much as possible.
Stan James doesn’t restrict the selection of the game, but any games including Black Jack & Roulette as long as we play Live Casino.
So, I used Roulette, not because it’s the lowest house edge game but easy to explain here (Blackjack’s house edge is lower than Roulette, just FYI).
Roulette House Edge & Variance
Broadly speaking, there are 2 types of Roulette, which are American Roulette having “0” & “00” and European Roulette has only “0”.
The house edge of American roulette is 5.26% (or 2/38), while in European roulette, the edge for the casino is 2.70% (1/37). Means, if you bet £1 x 10,000, you are most likely to lose £526 in American Roulette and £270 in European Roulette. If you bet £10,000 x 1 or £5,000 x 2, you may lose everything or win a lot, that’s Variance and Gambling.
Let me show you what I did. I went to Live Casino & Selected Roulette;
Selected Roulette of which the minimum stake is the smallest. You may understand the previous explanation, that it is because the more we play the less effect of variance. In other words, our loss will be closer to the house edge. Therefore, I chose the one with a minimum stake of £0.10;
Roulette Play Tactics
Basically bet on Double, means The Even Money Bets namely;
- Red or Black
- Even or Odd
- Low (1 – 18) or (19 – 36)
, because it is the lowest house edge. However, some casino prohibits you to keep playing Double, or they may suspect you’re not playing for fun but acting professionally. So it may cause account restriction.
Then, use Treble Tactics like Number 1st 12 or 2nd 12 or 3rd 12 (because it’s less obvious than double betting) and bet minimum stake, in our case £0.10 each in 2 choices as below;
Win gives you the return of £0.30;
What I did was just repeating this bet 50 times (£0.10 x 2 bets) x 50 = £10. Actually, I did 56 times just for safety and luckily ended up with no loss but £1.2 profit.
In the following day, I received the £5 Free Bet for Sports, which I already extracted 95% of the value in horse racing;
Matched Betting Process Recap
You received £5 Freebet, then now how can we extract cash from it? You can see the full process in Matched Betting Quick Start Guide (3) – Extract Free Bet Profit though, just share the quick summary. It involves;
- 2 transactions of Back (bet on win) £5 free bet at Stan James & Lay (bet on NOT win, means both lose & draw like football match case) the appropriate stakes at Betting Exchange such as Betfair or Smarkets so that you cover all outcomes.
- No matter what the event’s result will be, your losing & winning will cancel out each other. In the real practice, usually, 2 bets are not perfectly offset due to the odds difference & exchange commission therefore you make a small loss called Qualifying Loss.
- However, the £5 stake you bet at Stan James was not your money but a free bet, therefore it (free bet value – qualifying loss) will become your net profit.
- Success factor is how to minimize this qualifying loss.
Matched Betting for Global Players
Besides, take a look at our resources for international players to pursue the matched betting & other advantage plays as below;
As you’re aware, the betting exchange makes an important role in matched betting. There are 4 established betting exchanges as below;
And, in case you are not familiar with the betting exchanges, the below 2 documents will be of good help;
Betting Exchange Alternatives
For those who can’t access to the 4 key betting exchanges, don’t worry, you can use bet brokers, but you need to take a cautious approach given their small business operation. The following 2 documents will help you select the right one(s);
Incidentally, as our name Global Extra Money implies, we would like many people from all over the world to enjoy our methods as much as possible. Therefore, we have issued :
In these documents, you will find the specific methods that enable people from almost all countries to make the best use of the lucrative offshore advantage gambling opportunities you may have overlooked.
In Short, except 8 Countries (Cyprus, Poland, North Korea, United Arab Emirates, Singapore, Brunei, Cambodia) where on-line gamble is legally prohibited, all of you can make a profit from matched betting, see the above report for full details.
Betting Cross Promotion Wrap Up
You may say £5 is a peanut. Yes, it is but just thinks about it again. It’s theoretically almost risk-free and you will receive tens of similar cross betting promotions offer regularly.
For playing the game, you can use the auto-playing mode. Then you can do something else while the game plays 50 times on its own.
Means, the whole process bothers you only a few minutes, so productivity is quite high. The important point is you are aware of this opportunity and know-how to tackle it.
This will bring you hundreds of £ extra money and if you’re lucky to hit jackpot in the slot, the profit will be thousands £, which many ordinary people have been doing in the UK.
I’m attaching the other Casino Related documents as below. Hope this will help you create extra income.
Casino Bonus Strategies – Relevant Information
Let me summarize the Casino Bonus related guides for your convenience.
Advantage Play Overview: Advantage Play – Probably The Only Surest Method To Beat Bookmakers & Casinos For Anybody
For Casino Bonus Specific Documents:
- Casino Bonus Tactics List: Casino Bonus Hunting Guide – 7 Key Tactics To Beat Online Casino with +EV
- General Strategy: Casino Bonus Strategy – How To Beat Online Casino With Expected Value Betting
- Sign-Up Strategy: 5 Most Profitable Casino Sign Up Methods – Stay Away From No Deposit Bonus;
- Lowest House Edge Games Instruction Manual: Smart Ways To Use Top 3 Lowest House Edge Games To Extract Casino Bonus
- Casino Bonus Cashback Sites Instruction Manual: How To Guarantee Real Cash from Cashback Sites
- No Deposit Bonus Instruction Manual: How To Make No Deposit Bonus Whoring Worth Your While
- Risk-Free Bonus Instruction Manual: 3 Most Popular Casino Games – Technique To Rake Cash From Risk-Free Bonus
- High-Risk Bonus Instruction Manual: Casino High Roller Bonus List with High-Risk Management
For a full index of GEM Guides, Advantage Play & Passive Trading Special Reports.
Thank you for reading, and please contact us (or Click Face Icon) if you have any question or concern.
Joshua Walker (bio)
Editor – Global Extra Money (GEM)