Introduction to Free Bets

The competition in online sports betting market is extremely fierce and the majority of bookmakers offer generous bonuses or free bets to attract new customers. For example, if you register with a bookmaker and place a £30 bet, it will give you additional £30 to bet with absolutely for free.

Bookies give such free bets because they’re confident that you’re going to lose the free bet stake as well as your own money. In fact, the average punter usually ends up losing several hundred Pounds before he moves on to the next bookmaker…

In order to get a free bet, you must first place a bet known as the qualifying bet with your own money. In most cases your first bet  is not going to win.

To make things worse, you won’t be able to withdraw the bonus bookie gives you – you will have to place a bet with it as well. Moreover, these bets usually have to be placed with the odds of 2.0 or higher to ensure that you are even more likely to lose.

You may be thinking: Does it mean that I have to risk losing my own money just to get the opportunity to bet again? What if I lose both bets?

Indeed, signing up with bookmakers and placing random bets to qualify for the free bet offers would be a rather risky strategy. Luckily, there is way to extract free bets and bonuses without having to risk anything at all by employing matched betting.

Probably additional £30 wouldn’t make any difference to you, but there are dozens of bookies offering free bets and bonuses listed in our free bet list, and you can extract all of them by following the methods outlined in this tutorial.

When you sign up with bookmakers, bear in mind that the most profitable currency for matched betting is GBP (pound sterling or £). As the majority of bookies are UK-based, there are by far more bonuses for customers that use GBP.

Choose GBP as your account’s currency when you sign up with bookies, even if you’ve never used GBP before.

Next chapter: Betting Exchanges

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