I have so far only been depositing at bookmakers with "free bet" offers.
I now need to register with some of those offering "deposit bonuses". For example, Betway are offering a deposit bonus up to £25. I need some advice:
Firstly: after depositing £25 and receiving my £25 bonus, should I make a £50 bet or a £25 bet? If I make a £25 bet, will I be able to withdraw my £25 deposit? Or will it automatically take my stake from my "real" money.
Secondly, what odds should I find? I was thinking it good to find high odds (4-7) to increase the likelihood of me losing, so I wouldnt have to satisfy the wagering requirements for withdrawal. However, if I happened to win a bet at those high odds I might not have enough in my BetFair to carry on betting!
If someone could give me a little guidance on the easiest way to go about this, would be appreciated.