If your free bet loses at the bookmaker, you’ll win your lay bet at the exchange. If your free bet wins at the bookmaker, you’ll lose your lay bet at the exchange. It’s straightforward matched betting, and you can find a walkthrough of the process in my matched betting guide. Like qualifying bets, free bets work by placing them on a suitable selection at the bookmaker and then laying against the same selection at a betting exchange. Or, they might offer to refund losing stakes as a free bet if a particular event/trigger occurs ( money back offers).īookmakers don’t mind taking losses on free bet offers as they know they’ll make far more profit in the long run from non-savvy regular punters. For example, a bookmaker might provide you with a free bet if you first place a qualifying bet (bet X, get X). The bookmaker pays for the stake, so if your bet loses, you’ve not lost a penny of your own money.īookmakers offer free bets to encourage customers to bet with them. This guide will explain what free bets are and show you how best to convert them into cash! What is a free bet?Ī free bet is a bet that you don’t have to pay for. Most matched betting offers involve free bets, so it’s important to understand them and know how to maximise your profits. That is if you know what to do with them!
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