Latest news - January 2008

£100 in Freebets from BGbet

 

£50 in Freebets from Sunderlands!   This is a UK site giving out five Freebets at £10 each.  See their Special Offers page for details.  Also, Sunderlands has a great deal for First Scorer bets - if your choice scores in the first 15 minutes then they pay out double the odds.  Experienced gamblers will know that this is a great deal.

 

Freebet strategies -

There are two kinds of Freebets - UK ones (usually up to about £25) and US ones (up to $1000).  The difference is the US ones have a catch.

 If anyone wants to do US sites email me - you can make a lot of money out of US Freebets but the catch means you need to complete the "rollover".    Go to the sportsbetting page for some US sites to try.

Back to UK Freebets - There are two kinds - stake return and no-stake return.   Stake return bets are easy - just treat them as a normal bet but watch for small print like "must be on Football" or "must be at odds greater than evens". 

Now for no-stake-return.  You only get winnings from this kind of freebet and the original stake is forfeited.   There are two ways to handle them -

You can just bet them in which case don't bet on a 1/10 shot or you will only get a quid back for your a £10 freebet.  There may be T&Cs prohibiting this anyway.

The other way is to hedge (or Arb) them.   This is to guarantee a profit.  Say you get a £10 freebet from Paddypower.  You bet it on a 3/1 shot.  You then go to Betfair or another site and lay the bet (i.e. bet against it at 1/3).  You need a calculator to work out how much to lay, but in this example you bet £22.50 at 1/3 and you get £7.5 winnings making £30, so if your Freebet wins you get £30 and if it loses you get £30, and you bet £22.50 so your guaranteed profit from a £10 freebet is £7.50.

For a tenner most people just bet it but for the bigger US Freebets you Arb them.  Its up to you.  Myself, I arb all of them but thats because I am used to the sums.

A few other things -

Always read the T&Cs.  Bet rules change sometimes.
If you are going to Arb Freebets - do the second bet on another site - they may cancel the bet if you do both bets on the same site.

For arbing you dont need to use Betfair to lay - instead you can choose a sport that only has 2 outcomes (football has 3 possible outcomes) like Boxing or NFL football or something.  That way you just bet on the other side of the bet at the other site - no need to do all that laying stuff with Betfair.