How to Use Bookmaker Sign Up Offers
It’s all about matched betting – ever heard of it?
What is matched betting anyway? This is a common question in the US because we don’t have sports betting, besides in certain places. Outside of the US, you are able to gamble online on all sorts of sporting events. Gambling is so huge that bookmakers (places you can gamble basically) offer big bonuses just for signing up. From the large amount of these bonuses emerged matched betting.
To the seasoned gambler, matched betting (or bonus hunting) is basically a risk-free type of gambling. You can essentially guarantee some profit by betting on all outcomes of a match, using free bets from bookmakers.
Ok So How Does It Work?
Below I’ll describe the basics of matched betting which should get you started.
- The “Back” Bet – In the traditional sense of gambling, this is one where you think your pick will actually win. If the team, horse, dog, whatever wins, then you win your bet and any associated profits.
- The “Lay” Bet – Ever since the emergence of exchanges like Betfair, the lay bet has become very popular. With the lay bet, you’re essentially saying “I don’t think this will win.” As you expected, if the team you bet on doesn’t win the game, then you win the lay bet.
How Do You Profit From This?
As you probably imagine, matched betting simply works by utilizing your lay bets to cancel out and potential risks from your back bets.
If you bet on both teams then you cannot lose any money.
But you haven’t made any money until you do this:
Later you will produce profit from using bookmaker’s free bet offers.
Your first bet is referred to as a ‘qualifying’ bet, which just means that you will qualify for a free bet afterwards.
Using this free bet, and back and lay bets, you can remove all risk by covering all outcomes and guarantee yourself some profit.