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Free-Easy-Money Tutorial : Here's How It Works!

Overview

This page describes the theory behind turning free bets into cash. Following this there will be a step by step guide explaining EXACTLY what to do in order to turn your 1st NON GAMBLING bet into some readily available cash! You CANNOT lose. Guaranteed! Please take your time, read carefully and you can't go wrong.

The Back AND Lay principle.

This is quite simply stating that an outcome both will AND won't happen. You might know this in everyday language as "hedging your bets". In either case you will be both right and wrong at the same time.

When you make a bet with a bookmaker you are betting on something to happen. This is called backing and is the most common type of bet.

An alternative type of bet is one where you bet that something does NOT happen. When you do this you are placing what is called a lay bet.

A Back bet means you want it to win. A Lay bet means you want it to NOT win.

Back AND Lay on the SAME choice to cover every possible outcome and you can't lose!

For example imagine you are sitting with 2 friends in a busy cafe. Let's call them "Friend A" and "Friend B". You say to Friend A - "I bet you that the next person through the door will be a woman in a red dress".

At the same time you also say to Friend B "I bet you that the next person through the door won't be a woman in a red dress".

In betmaking terms, you have both Backed (bet that something will happen) and Layed (bet that something won't happen). Whoever is next through the door, you can't lose can you? You win your bet with "friend A" if a woman in a red dress comes through the door. If a person of any other description is next through the door, you win your bet with "friend B".

Now imagine you had bet each of your friends £20 in the above example. Since you will both win and lose equal amounts at the same time, you are no better off, but most importantly you are no worse off. This is the essential nature of both the "Qualifying Bet" and "Free Bet" (these terms are explained in greater detail later). Both of these types of bets actually involve 2 bets each i.e. both Backing and Laying, at the same time to guarantee that you win regardless of the outcome. Your win and loss cancel each other out therefore you can't lose and it's not gambling as you know this will happen.

Now let's put another example in betmaking terms again. The event or outcome can be anything you like. For example, Lewis Hamilton to win the drivers F1 championship, or Liverpool to win the FA Cup; but you must both Back (that it will happen) and Lay (that it won't happen) at the same time. You can see that the Back bet is very narrow and relies on one outcome only, while the Lay bet is very wide as it in fact covers every other possible outcome. By both Backing and Laying the same thing e.g. Liverpool to win Wimbledon - we have covered every possible outcome.

If you "Back" Liverpool to win the FA Cup, you must also "Lay" Liverpool to win the FA Cup.

People "Backing" Liverpool, believe they will win - People "Laying" Liverpool believe they won't win. Since we must both Back and Lay on the same, identical outcome, we don't win or lose because either Liverpool or another team will win and our bets cancel each other out. This is the Back and Lay principle. Whenever we talk about a bet whether it's a Qualifying bet or a Free bet, it is essential to both Back and Lay on an identical outcome. This is the way to Free Easy Money. Anything else is gambling.

If you are unfamiliar with bet-making terms it is suggested that you re read the above passage a few times until you have a firm grasp of the principle.

So why do we Back and Lay?

In order to take advantage of the Free Bet offers, the bookmakers specify that we must first bet some money with them. By betting with them in this way, the bookie then rewards you with the free bet.

By making Back and Lay bets (which you now know you can't lose) you will have qualified for the free money on offer to you.

This first bet you make is called your Qualifying Bet. By "backing" with one bookmaking company and "laying" with another, one of these companies will win and keep your money. However the other company will lose and pay you money. It doesn't matter which is which.

Your win and loss have just cancelled each other out so you haven't lost your own money.

Back with one Company e.g. Liverpool to win the FA Cup. Lay with a different Company e.g. Liverpool to win the FA Cup.

Having just completed your qualifying bet (remember this is 2 bets - both back and lay) you will now be rewarded with your free bet.

You can now repeat the Back and Lay principle as above for the Free Bet. One company will win and keep your free bet money (that's ok, it wasn't your own cash anyway), but the other company will lose and pay you money that was never yours in the first place!
You have just converted a free bet into free cash!!

There are thousands of £'s just waiting for you to collect it from the hundreds of bookmakers that make these offers.
All they want is your money. All you want is their Free Easy Money.

Who Does What?

Conventional Bookies take Back bets only. There are literally hundreds of them. Think of them as friend "A" who you are going to Back bet with.

Betting Exchanges take both Back and Lay bets , but for our purposes we are only going to Lay bet with them and they are like friend "B".

Since there are less Betting Exchange companies (as they are a newer concept), you will use these companies more frequently to make your Lay bets with. This is not a problem as you will probably use just one or two over and over again.

When you win again and again - and you will, (remember the proof provided in the Betfair Account Statement), you are actually betting against other people, NOT the company. They will not exclude you from their site for winning "too often" as a bookie or casino would (as you are not profitable for them). Exchanges actually make their money via a small percentage of your winnings, so they want you to win too. But don't forget that all the companies including the betting exchanges have free offers, so remember to try them all out - take all the free money on offer to you. It would be rude not to!

The world's largest betting exchange is Betfair. You can join them from here and a free £25 bet will be credited into your account if you are a new customer once you have made some (Lay) bets. Free Easy Money, as promised! Don't worry, as with every site we recommend there are no membership fees to pay. This is just a small taste of the Free Easy Money coming your way. We do advise you read the terms and conditions of each betting site as sometimes they vary. For example some offers are "bet £50 to receive a £50 free bet". Others are "bet £25 to receive a free £50 bet". Sometimes the companies specify that the odds for your Qualifying bet selections must be above a certain figure too, so check the terms and conditions before you bet to be sure.

Getting Started

First you need to have our Free Easy Money Calculator open as this free tool is essential to your success. You will need to join Betfair or another betting exchange company AND at least one other online bookie offering free bets. As soon as you register for free everything is presented to you. By registering, you will also receive daily free bet tips and a breakdown of all the offers available to you. You can even mark which sites you have joined which enables us to tell you exactly how much more free money you can claim. We are adding new free money offers and deals all the time and when you are registered you will be notified.

It makes sense to take the best offers first, so we recommend Skybet for your very first bet. We will place Skybet at the top of your user panel. Each subsequent bookmaker is rated for ease of use, availability of offers and competitiveness of odds. You will see these ratings via our star system. After that it's up to you to work your way down our list to claim the maximum money you can from the free bets available.

We strongly recommend that you have the calculator and both betting sites open on your browser at the same time, allowing you to easily switch between them all. As you become more familiar with the procedure you can open more even betting sites, but we have found that more than 3 or 4 can be confusing.

Speculate to accumulate. No risk. Guaranteed!

First, you will need to deposit only the amount of money required to qualify for the free bet when you join the bookmaking site. When you join the Betting exchange site it's best to deposit around £250. DON'T PANIC - This money can be withdrawn immediately and you won't lose. You can put less in but we are teaching you how to make the MOST out of your free bet money. Again don't worry. You are not obliged to complete any bets or transactions if you don't want to. You could withdraw your money immediately if you wish, but you don't want to just move your money around in this fashion. You're here to make money, remember? There really is no gambling or risk involved.

NOTE - If you choose to stake less at SkyBet (ie not the full amount on offer), then you will need significantly less deposited to your Betfair account. Remember you can choose how much your free bet is up to a limit as per the free bet offer.

We recommend a bank debit card rather than a credit card as you will not be charged a commission on a debit card. However this is entirely up to you as several options are available.

You will need to select decimal odds for both companies you are using. It is far easier to operate in decimal odds than fractional. Click here for an odds calculator to provide comparisons if you wish although this is not required if you select decimal odds as recommended.

When you are doing this for the very first time, the sites will be unfamiliar and may even seem a little daunting. Worry not. Think of each site as a shop window. You are merely browsing at this stage.

Try to find a competition or event, that appeals to you. When starting out, ideally you want something that is going to be decided in a few hours time, or maybe the next day; but not the next few minutes. It could be football, horse racing, the Olympics or anything. It's entirely up to you.

Make sure you are looking at identical fixtures, races or events on both sites.

Remember. At the Bookies you will see "Back odds" against each choice. At the Betting Exchange you need to look for "Lay odds". At BETFAIR these are clearly marked in pink, or you can select to show Lay odds only.

The principle you must follow now is to compare the odds between each company for an identical selection in the same event and get them as close to each other as possible. A match is the perfect situation but don't worry if you can't achieve this as it's rare to find.

The first time you do this you might think decimal odds of 2 (back) compared with decimal odds of 3 (lay) are close. They are not. Odds of 1.2 (back) compared with 1.4 (lay) is better. 1.2 (back) compared with 1.3 (lay) is better still, but a match e.g. 2 compared with 2 is best. If the back odds are higher than the lay odds e.g. 2.7 (back) compared with 2.6 (lay), this is very rare (and a very good situation for you), but be careful. Make sure you are comparing odds for exactly the same event. Such odds will not be around for long as back odds are almost always lower than lay odds. This is because, it's how the bookies make their money and they use the betting exchanges as a reference to make sure they don't get it wrong too often.

It is these odds differences which mean that you can't convert 100% of the free bet into free money. The small commission that betting exchanges charge also has an effect on your earnings. The good news however, is that your since your earnings are from betting transactions, they are 100% completely tax free by law.

The difference in the odds determines how much money you make from the free bet offer. When back betting and lay betting on the same choice- the closer the odds, the more money you make. However this needs to be balanced against how much time you wish to spend looking for those odds.

Since you will win on one outcome and lose on the other, you want the odds for each to match if possible. If they don't match exactly, then the closer the better.

When you have found the selection you like, it's time to use the calculator. A full guide on this is to be found below.

When placing your Qualifying Bet, the odds difference will mean a small loss to you. Put another way, this actually means the free bet you will receive has cost you the amount of your loss. It will be in the region of 50 pence to a couple of pounds. We think you'll agree that this is cheap as it buys you a £50 free bet!

When placing your Free Bet, the odds difference affects your actual profits. Again, you decide. When you take into account the loss or cost of your Qualifying Bet, your profit from a free bet offer of £50, will usually be between £30 and £40. However £45 profits are there to be made if you can find the odds. Do you want quick money or big money? Whatever you choose it doesn't matter - it's all Free Easy Money!

Our free tool - the Free Money Calculator, works everything out for you beforehand so you know exactly how much it will be. It's entirely up to you whether the amounts are acceptable or not. It is very simple to use. There is a full guide to the calculator below. We suggest you familiarise yourself with it before placing any actual bets.

Experiment with the odds. Due to the nature of the calculations, when looking to match odds they have to be closer when the figures in question are low. When they are higher there is more flexibility to allow for greater differences between the odds. E.g. a free bet odds comparison between 17 back and 19 lay is actually very good. Compare this against 3 back and 5 lay to see for yourself.

Qualifying Bets. The odds for these are usually best kept low. This is your initial bet with the bookie. Once you have made this bet you will have qualified for the free bet offer.

Free Bets. This is where you are betting with the free money as given to you by the bookie Since you cannot lose you will turn this free bet into hard cash. The bookie will generally only give you the winnings from this bet and not return the stake. For this reason the odds will need to be higher e.g. over 6 or 7.

The Calculator

Below is our free easy money calculator, if you move your mouse over the "What's this" links a full explanation of each field will be shown. We recommend you read each term thoroughly

LAY STAKE
£0.00
  What's This ?

Back Return:  £0.00 What's This ? Lay Risk:  £0.00 What's This ?
Back Profit:  £0.00 What's This ? Lay Profit:  £0.00 What's This ?
Back Stake:   What's This ? Stake Forfeit:   What's This ?
Back Odds:   What's This ? Lay Odds:   What's This ?
Back Commission:   What's This ? Lay Commission %:   What's This ?

Bookies Screenshot - Click Here
Betfair Screenshot - Click Here
Calculator Screenshot - Click Here
     
Bookies Screenshot - click for large image
Betfair Screenshot - click for large image
Calculator Screenshot - click for large image

Here is an example to illustrate the calculator in use. You can experiment with these numbers using any of the selections above or your own figures.

It's as simple as that! Play around with the calculator until you are comfortable with it. Likewise familiarise yourself with the bookies sites before you try it for the first time. It is quite normal to be a little nervous initially. After all it does feel like you are gambling. Rest assured, there is no risk involved.

Beat the Bookmakers and win the bets every time. Claim your free bets and turn them into real cash!

Please use the RECOMMENDED BETS in your profile section to post information on your bets. This will allow other users to see what deals are available and may allow them to benefit from your hard work. Clearly this won’t affect your returns, so share the knowledge, just as we have done! The next time you log on there may be a deal posted that’s just right for you. It is acknowledged that odds for some events can change very quickly and may not be available for long. For this reason you may want to progress through both of your betting transactions at the same time to ensure your calculations remain valid. Likewise the BETTING TIPS scroller facility could lend itself to bragging and headlining fantastic odds that were only available a very short time before an event started. Whilst we enjoy the sight of success, we would much rather see deals that could also benefit other people. Since the only cost to the users of this site is time; anything that allows everyone to enjoy Free Easy Money, by spending as little time as possible has got to be good.

Perhaps you already gamble because you like the buzz and you found these instructions and terms overly simplified? If so, please accept our apologies because we have deliberately aimed this information at people who want to genuinely earn some Free Easy Money without any element of risk and are therefore probably unfamiliar with gambling terms.

As for the buzz - beating the bookies at their own game should give you all the buzz you need ! Join as many sites as you like and take all the Free Easy Money on offer to you.


Good luck - You won’t need it!

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