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Free Easy Money : Frequently Asked Questions

Wont the offers run out?

No. Clearly you are going to make the most when signing up to bookies. You can obviously only do this once. However Bookies will entice you back to bet with them from time to time with more Free Betting offers.

How many Bookies provide these offers?

Hundreds. We aim to provide links to every one of these sites so all the information you need is right here in one place. Remember because of the internet you can legally join as many as you wish. This means there are hundreds of opportunities for you to make free money.

What does Stake not returned mean in the Terms and conditions of Bookies?

Step 1 is to always to check the Terms and Conditions. Find out whether stakes are returned with free bets, and whether there is a bet-through requirement before you can withdraw the bonus for example you might have to bet your deposit and bonus x3 times through before it can be withdrawn - in this case you could try to arrange the bet so that you were more likely to lose at the bookie to avoid having to make 3 matched bets to extract the cash - (since you lose a little of the free money each time it's best to minimise the number of bets you make to withdraw it). The way to do this is find similar odds as high as you can get. You will see from our odds table tool that the probability in these cases is low. You are more likely to lose such bets with the bookie and win with your lay bet at the exchange, meaning you get your cash quickly.

If necessary e-mail customer services to ask, or post to ask on the newcomers thread. I usually find that the best approach when dealing with customer services is to present three options, i.e. stakes are not returned with winnings; stakes are returned with winnings and may be withdrawn; stakes are returned with winnings but can't be immediately withdrawn, and have customer services tell you which one is correct.

Should I sign up with just Betfair or another exchange?

We suggest that you should use at least two exchanges. This will give you more options when trying to find a close Back / Lay bet. This will ensure you gain the most out of your free bet. There are several of these: the most popular is Betfair, where you pay a 5% commission on net winnings (1% on some markets). Another good exchange is Betdaq but we will regularly update this list to ensure we have all the best deals available.

What is a betting exchange?

A betting exchange is a gambling website acting as a broker between parties for the placement of bets. The concept is similar to that of a stock exchange or a futures exchange, where in this case the commodity being traded is a bet, rather than a stock or futures contract. Most betting on a betting exchange is a form of fixed odds gambling. So when you are laying a bet on the exchange you are in effect betting against someone else who has offered up a certain amount of money at those odds. When Lay betting you are in fact acting as the bookie.

What odds should I be looking to get?

For your qualifying bet the odds need to be as small as the terms and conditions of the bookie will allow. Your back bet and lay bet should be as close as possible e.g. Back bet of 1.5 and Lay bet of 1.52. When you are using your free bet to make your money the bet should ideally be over 7.0 and again as close as you can get it. You will make lots of money even if the odds are not close but to maximise the amount try getting them as close as you can. Play about with the calculator with different odds to see what I mean. Also worth knowing is that if you can find lay odds at the exchange that are less than the odds at the bookie, you may make a guaranteed small profit rather than a small loss - for some reason these are more common in the lower football divisions.

What can I bet on?

Literally anything (check the bookies terms and conditions). Football is good as there are plenty of games. Racing provides lots of opportunities but be aware of rule 4. This rule states that the odds will alter in the event of there being a non runner announced after you have bet. This may screw things up because you have very carefully worked out your bet with the calculator - the last thing you want is for the bookies to adjust the odds and potential winnings after you have placed your bets! Having said this, if you happen to be betting on horse racing about half an hour before the race starts, it would be very unusual to have non runners announced so late in the run up to a race. I have made 100's of horse racing bets and never had to worry about rule 4, because I bet within this time frame. I also use football, and find the best time to look for these is 3 or 4 hours before the match, but other sports are just as good. Horse racing can be good for free bets due to the availability of high odds. Just don't bet on anything like the National days before the race starts as the liklehood of their being non runners come race day is high. Also be aware that the nearer it gets to race time the odds can change very quickly indeed, especially at the exchange!

placed my bets and then saw that the odds changed after! Will this affect my winnings?

No, your bet is safe. It is agreed at the price when you placed it so any fluctuations in the odds after you have bet will not affect your calculations.

Terms and conditions you mention this a lot why?

Do make sure that the rules at each bookie are the same, i.e. football matches results tend to apply over 90 minutes plus injury time but not extra time; sometimes rules about tennis if there is an injury are different. Don't rush yourself into making a bet until you are confident about this.

I dont understand Back and Lay?

It's important to realise that you don't choose opposing outcomes. For example if you were to back Liverpool to beat Boro, you lay Liverpool to beat Boro too NOT Boro to beat Liverpool. This is because when laying bets, you are effectively acting as the bookmaker, so you are in effect gambling on that outcome NOT happening. This takes a bit of getting your head around at first, but the important thing to remember is to back and lay the same thing precisely.

Explain the calculator again please?

If you load up the calculator, you'll see you can enter a free stake amount. Enter 10.00 for 10. There is no stake forfeit on a qualifying bet, so enter the Stake Forfeit as 0.0. The back odds are 3.25, and the lay odds are 3.45. There is no commission at the backing bookmaker, so enter 0 for this, but your commission at the exchange must be entered (if using Betfair, the commission is 5%).

The Free Easy Money Calculator will then work out the numbers for you. You will see that a lay stake of 9.50 will be highlighted, and the 'lay risk' will be calculated as 23.28. Whatever happens with the result of the event, you will have 9.22 returned, i.e. you will lose 78p (but you will gain the free bet). The lay risk is the amount of money that is required in your betfair account to pay out the other person should you lose your bet at Betfair.

How do I withdraw the money from my bookie?

On most occasions you simply withdraw back into your account once you have repeated your qualifying bet process. Some bookies will ask you to bet a few more times if so and there is a bet-through at the backing bookie, back something at fairly long odds in an attempt to lose (if you do happen to win, you'll just have to repeat the process until you either lose or satisfy the bet-through.

What does it mean when I get a message that my bet hasn't been matched?

Sometimes there may be insufficient money available to lay the bet at the odds you wish. If you look at the pink lay section on Betfair you will see below the decimal odds there is a figure in £'s.This is the amount of money available for you to bet against at these odds.To avoid getting such a message as above, you must ensure that this figure is greater than the amount of your lay stake before you bet. To the right of the pink lay box you will see additional boxes with the odds increasing and an amount in £'s below these also (if the amount of money in the pink box decreases to zero, these odds disappear and will be replaced by the odds to the right which will be higher).

For example if you wish to lay £50 at odds of 1.72 but the amount below this indicates there only £10 available to match this bet you have 3 choices:

  1. Move on and look for another bet to match.
  2. Look to the right of the 1.72 odds box. Is there more money available at the higher odds than you need? If so input this new odds figure into the calculator. If it's still a good prospect you can either place your bet at the new higher odds or follow the procedure below (as you would do if you get the message that your bet hasn't been matched)
  3. Click the "my bets" tab on the right hand side of the Betfair screen. In the above example you will have £10 matched at 1.72 with the remaining £40 unmatched. You can now choose to match this amount at the higher odds you have chosen via the facility to adjust the odds on the site.

As you can see this does complicate things a little so it's better to ensure your bets are matched straight away, by having more money in the pink box than you are staking.

Should I try and keep this to myself?

The amount of free bets will not alter just because you told someone else. Let your family and friends benefit from your knowledge.

Start Making Free Easy Money

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