Risk Free Betting Starting Guide (3) – How To Extract Cash Profit from Free Bet

Risk Free Betting Starting Guide (3) – How To Extract Cash Profit from Free Bet
Estimated Reading Time: 8 minutes

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We, Global Extra Money (GEM) would like our readers to exploit those reliable money making opportunities as many as possible. Producing the series of basic guide for Risk Free Betting Starting Guide is part of our efforts to achieve that vision.

 

Before Moving Into Risk Free Betting Guide (3)

This document is the last part of 3 Matched Betting Step By Step Tuition Guide. Thus if you have not read the first 2 guides,  suggest you first go;

Actually, these Starting Guides (1) – (3) focus on Real Practice, therefore very specific instructions. If you want to know the overall picture, theory or say all about Matched Betting, access to the below Report for Dummies first;

OK, let’s move on to;

Risk Free Betting Starting Guide (3) – How To Extract Profit from Free Bet

man_imageThis document explains the last stage for Matched Betting to turn the Easiest Welcome Offered by Bookmakers namely “Bet xx Get xx Free Bet” into Real Withdraw-able Cash.

Recall what we did in the Starting Guide (2);

  • Opened Accounts of Both Exchange (Betfair & SMarkets) and Bookmaker (William Hill)
  • Placed the Qualifying Bet that is “Bet xx” part and are waiting for Get xx Free Bet

Once we receive Free Bet, we still have a task to complete. Since it’s Not Cash but Free Bet, yes you’re just given the entitlement to place XX amount of bet. Remember, usually this Free Bet is SNR (Stake Not Returned).

  Free Bet Profit Extraction Step By Step Guide

I’ll show you how to turn the Free Bet into Real Cash with No Risk. We continue to use William Hill “Bet £10 Get £20 Free Bet” example.

As with the vast majority of free bets, William Hill free bet is SNR (stake not returned). This means that the £20.00 free bet stake will not be returned with any winnings. For each bookmaker’s offer you need to male double check if it’s SNR or SR since this is the condition you have to select in the calculator to predict your profit. Generally speaking, SNR from”Bet xx Get xx Free Bet” type, and SR from “Deposit Bonus with WR”.

The process of extracting profit from a free bet is actually the same as the qualifying bet you just completed in the Guide (2). You have to find close back and lay odds because the tighter they are, the more profit we will extract. The only difference with placing free bets is that we need to place them at Higher Odds to account for the fact that our stake is not returned with any winnings. 

SNR Return Note

As the advantage gambler says “The higher the odds the smaller the proportion of the return is made up of the stake and thus lost when the stake is not returned.” You can see the effect of this in the graph;

Risk Free Betting SNR Graph

The higher the odds the better the return assuming you can get similar odds at the exchange. However the higher the odds the more cash is required at the exchange to lay the selection. For this reason, most people aim for a 75-90% return using odds of 7+. It is of course flexible depending on your personal preference. The narrow high odds can sometimes be hard to find. If you’re struggling, then check out the Correct score and HT-FT Markets as these generally have high odds available.’ So you need to balance out your needs.

Risk Free Betting Find The Matched Betting Opportunity

Let’s start up with finding the proper match. Go Free Oddsmatcher Software .

After selecting William Hill in the top box, we found EURO 2016 Russia vs Wales Correct Score of 0 – 1. It means Russia is beaten by wales by 0 – 1. The odds were 8.50 (William Hill) vs 8.4 (SMarkets) as the best profitable event of 99.4% matching as shown below;

Risk Free Betting Starting Guide (3) Oddsmatcher William Hill
Click To Enlarge

Let’s see the details by clicking the Info box at the right end column. The below  table sows the result of the automatic calculation after you input £20 William Hill stake amount (the default setting is £10 so you need to adjust it) and select Stake Not Returned (default setting is Qualifier, thus you also need to change it) at the top. It tells you;

  • Your lay stake amount is £17.90 with lay liability of £132.46 in SMarkets
  • Your net profit will be £17.54 no matter the event outcome will be as;

Back Wins (at Bookie): +£150 (William Hill) – £132.46 (SMarkets) = £17.54
Lay Wins (at Exchange): 0 (William Hill) + £17.54 = £17.54 So, £17.54 (87.7% retention rate out of £20 Free Bet) is your Guaranteed Profit

Risk Free Betting Starting Guide (3) Odds Matching Calculator
Click To Enlarge

Risk Free Betting Placing Bets Both in Bookmaker (William Hill) & Exchange (SMarkets)

Log-in William Hill Account and locate the match of Russia vs Wales. Select Correct Score. We are backing Russia 0 – 1 Wales, thus you need to choose Wales 1 – 0. Always double check if the odds is still 8.50. If it already changes, you have to go back to the above calculator and consult by inputting the new odds to see how your profit / loss will be. If it creates bigger loss then you’d better search new opportunity;

Risk Free Betting Starting Guide (3) William Hill Account
Click To Enlarge

After you confirm place the bet, the bet slip should show like below. Very important, you need to Select Free Bet Box shown in the bet slip (blue background part). Since my account does no longer have £20 welcome Free Bet but just £5.00 Free Bet received from other promotion, I can’t show you £20.00. However, it is exactly the same. You will find the drop box stating £20.00 Free Bet instead of £5.00 as mine. Then you just select it;

Risk Free Betting Starting Guide (3) William Hill Bonus
Click To Enlarge

 

Smarkets

Simultaneously (remember quick action is critical because the odds change very quickly), you log-in your Smarket account. Then, locate the match as below. Importantly, you do LAY in the exchange thus ENSURE YOU CHOOSE BLUE BOX (not green). In this case 8.4 in blue box in 0 – 1. Again, you have to confirm the odds stays put as you found in the Odds Matcher (if it already changes, the same thing as said for William Hill, you have to get back to the calculator & re-calculate);

Risk Free Betting Starting Guide (3) SMarket Odds
Click To Enlarge

Since, it is the same odds now, you click the 8.4 blue box. Input the LAY STAKE Amount instructed in the calculator table which is £17.90. Then you see £132.52 liability which is  the same as shown in the original calculator with a penny difference (due to rounding). So we know we have entered the correct lay stake as below;

Risk Free Betting Starting Guide (3) SMarkets Lay Liability
Click To Enlarge

That’s it.

BTW, as I said the odds change rapidly and while I’m writing this article, I found another good matched betting opportunity in the Oddsmatcher as below;

Risk Free Betting Starting Guide (3) Odds Matching Software Another Opportunity
Click To Enlarge

The above shows EURO 2016 Slovakia vs England, Correct Score of Slovakia 1 – 0 England. The odds of 13.00 (William Hill) vs 13:00 (SMarkets) will bring about £18.12 Net Profit with 90.6% retention ratio. However, you need much bigger fund in Smarkets because it requires £221.86 Lay Liability. So, you have to balance out your needs. FYI. Anyhow, assuming you take Russia vs Wales, regardless of whether the match ends up with 0 – 1 or not (any other score) you can extract the guaranteed profit of £17.54. It’s 87.7% retention rate out of £20 Free Bet. Since you didn’t generate any loss in the Qualifying Process (Qualified Bet), you earn full £17.54 as your net profit from William Hill New Comer Offer.

Risk Free Betting Raking Welcome Offer Quick Summary & Your Check List

Brief summary of “Bet xx Get xx Free Bet” process as follows;

  • Go to Odds Matcher software & find the list of profitable opportunities
  • Select low odds event for qualifying bets and high odds event for SNR free bets.
  • Review the Calculator result especially for Lay Stake Amount & Profitability
  • Log-in Bookmaker & Exchanger, confirm the odds & place the bets quickly
  • Record your all bets.

So, we just introduced How To Extract Profits for the Most Common & Easiest type of New Customer Welcome Offer.

Specific Instructions On Other 2 Types

For 2. of “We Refund If You Lose Your 1st Bet“, you will find the Specific Instruction in How To Lock-In Profits from Risk Free Bet Sign Up Offer By Matched Betting;Risk Free (Refund To Lose) Bet

For 3. of “We Match 100% Bonus of Your Deposit“, go to How To Guarantee Profits from Sports Deposit Bonus With WR (Wager Requirements);Deposit Bonus Matched Betting Underlay Technique

You gained Net Profit of £18 from William Hill via Risk Free Betting Technique. There are hundreds of on-line sports bookmakers that provide you with such offer to new customers. In fact £20 Free Bet is smaller end of the offer, you will find much bigger bonus especially in Deposit Bonus with WR. So you can imagine how much you will be able to rake money only from New Customer Offer, most people earn several thousand £ within a few months, but that is just the beginning. We can then make over £1,000 every month by applying the same strategy to tons of reload and free bet offers targeted at existing.

Reminder

Lastly, allow me to remind you of important thing. You need to open up many bookmakers’ accounts to do matched betting. Never ever sign-up directly with bookmakers before checking the availability of Cashback Offer, otherwise you may waste hundreds of £ risk-free cash. Make sure you access to our instruction of Betting Cashback Websites – The Ultimate Guide To Be Always Better Offbetting cashback, feature image, before opening any bookmakers’ account (the document shows you how to collect £2,500 cashback all together).

If you have any inquiry or need any help from us, please contact us anytimeGlobal Extra Money Contact (don’t worry, we will not charge you any fee, everything is free here).

Good Luck!!

Joshua Walker


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