Texas holdem dictionary

Wednesday, June 06, 2007

How To Make Money From Free Bets

In this guide I will show you:

how to get your free bets without having to risk your money on qualifying bets

how to use these free bets to guarantee a good return.

This guide will assume that you already have at least one betting account open.

Step 1 - Getting The Free Bets

This step is very simple. To get your free bets you will normally have to stake a certain amount of money. We will work on the premise that you will get rewarded with a free £25 bet for staking £25 on a single event.

First find an event with only 2 outcomes; I like to use baseball for my bets.

Simply stake £25 on the favorite for the game to qualify for your free bet. Then stake the relevant amount with your current bookmaker, for the opponent to win, to cover the £25.

Example:

LA Dodgers to win at 1.68 with the bookmaker offering the free bet.
Franciscoisco Giants to win at 2.4 with your current bookmaker.

Bet £25 on LA
Bet 25/1.4 = £17.86 on SF

Possible outcomes:

LA win:

profit from LA bet = 25 * 0.68 = £17
loss from SF bet = £17.86
total loss to get free bet = £0.86

SF win:

profit from SF bet = 17.86 * 1.4 = £25
loss from La bet = £25
total loss to get free bet = £0.00

Betting the £25 on the favorite allows you to bet the least amount in total to receive your free bet.

To read Step 2 of this article please visit http://betting-guides.blogspot.com

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