How to Turn Free Bets into Cash

How to Turn Free Bets into Cash

If you are looking to make a little extra dough on the side without having to spend a lot of money in the process too then free bets might be the best choice for you. The only problem here is that most people assume that simply going for free bets will get them money, which isn’t the case. In order to actually take advantage of free bets you will need to understand how they work, which is where we come in.

We have specifically tailored this article to accustom you to how free bets work and specifically how you can turn them into hard-earned cash. So, if this interests you then keep reading because we can assure you, it’s nowhere near as hard as it may seem.

What is a Free Bet?

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While the term is “free bet”, this is actually an abbreviation of some sort, as instead of it actually being a free bet you do have to put some money into your account to verify your integrity, so the term actually stands for “free-risk bet” instead.

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In order to actually use this feature, you will need to use one of the two options you have at display, aka Bet Matching or Bet Arbitrage. While they may seem eerily similar to one another, there is a huge difference between the two, specifically with one potentially getting you fined or behind bars if you’re not careful.

What is Bet Matching

Bet matching is the most popular betting strategy in the free bet community. Why? Because it implies that instead of you betting your money on a winner, you are working off of free bet offers from online bookies to make your profit.

Many people have compared bet matching to bet arbitrage, which isn’t exactly right as for the most part bet arbitrage uses the differences in bookie prices to make sure that the person betting will be making a profit at the end of the day.

So, why use bet matching instead of bet arbitrage? The main reason here is that you will actually be going to jail if you abuse the bet arbitrage option, but you will be perfectly fine in using bet matching instead since that option’s 100% free.

Bet matching essentially just uses lay bays at a betting exchange to make sure that you get your money’s worth at the end of the day. So, you use the free bet stake that you get when you first start out your account, and by using it on the sports betting market you can really make a lot of money without having lost anything.

 How Does It Work?

If you want to take advantage of this loophole all that you’ll need to do is you’ll need to follow the next couple of steps:

  • Start by betting the exact amount that is needed to qualify for a free bet
  • You then set up a lay bet of the same amount as the previous bet you made, except for the fact that you use it to bet against what you bet on before
  • If your original bet wins you will be making a profit, if your second bet wins you will break even
  • You then bet again at the bookie using your free bet
  • You will continue by betting against that
  • Same as before, you either make your money back and lose nothing or you end up making a profit through it

Read Also: The best eSports Bookmakers

Please do remember the fact that you need your first selection to lose if you want to actually win any real money from this. So, when you plan out your selection bet you will need to make sure that you’re not accidentally making the right bet because that will simply result in you breaking even.

How to avoid rollover?

While you can always try to make sure that you break even regardless of the bet you make, a lot of the times you will still end up losing some money in doing so. The value might not be great but it will still be enough to add up to a decent amount. So, make sure that you don’t overdo it and spend too much money thinking there’s no way to lose.

Those ten dollars you lost will quickly add up to a hundred and then a thousand if you continue losing your stakes so always make sure that you have a decent chance of making that profit.

Tips and Tricks for Bet Matching

Now that you know how to use bet matching it’s time that we talk about how you can make sure that your odds are always in your favor, without actually doing anything illegal of course. So, here are some of the best tricks we can share:

  • Always check to see if you can have access to your free bet right away. Sometimes you will see that free bet offers are only unlocked after you have bet several times over. This will mean that you won’t be playing it risk-free anymore.
  • Don’t just start off with big bets, actually try to see how your odds work out, try to start small so that even if you actually lose you still can get out of the deal without having to spend too much money in the process. This won’t be too hard to do since most free bet offers start off quite small to begin with, with the big lay bets also having big profit/risk margins too.
  • Get familiar with the best bookies on the market. A lot of bookies will try to take advantage of you by making the exchange odds 15% higher than what you get from the free bets so if you’re looking to break even search out the best bookies on the market.
  • Pick out the best bookmakers on the market and stick to them. We recommend using Mybookie, BetOnline and BetUs since they offer some of the best odds on the market. Never settle for inferior services as that will result in you losing money in the process.
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