Regular free bets from Bet365
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There is a method described which I tried and this sentence caught me out
"This system takes advantage of a certain bookmaker called Bet365. They currently have an offer where, on certain horse races, they will give you another free bet if you win."
In truth you do not get a free bet if you win. What happens now (maybe it was as described once) is after winning you must lose on the very next race before you get a freebet - so watch out !
I have my own calculator which I added a win only option to assist me with what I thought was the correct way and as described on the website to get the freebet.
But that was for nothing in order to get a freebet:
1) you need to 1st bet until you get a winning bet hopefully only losing a little each time using what I call a qualifying bet.
2) then once you won then you must bet on the next 4/1 TV bet and lose. However in this case I use a option on my calculator for lose only situations which is basically like a qualifying bet but go for high odds as close as possible an reduce the laybet amount at betfair by £2-3 approx to make money if you win or lose.
Example:
So if the bet is say £50 at bet365 at odds of 20 you win £950 and betfair for this lose only bet you laybet £47.62 (normally for a qualifying bet it would be £50.13) odds are 20 liability is £904.76. So a win means you get £45.24. So If horse loses you get £47.62 minus comm 5% £45.24 less the £50 lost at Bet365 means your £4.76 down but you get the £50 freebet from Bet365 so use it ! and win some money !
What I don't know yet is what are the rules for using the freebet i.e. does it have to be on the next race or can you use it anytime etc. If anyone knows let me know. I will ring Bet365 and confirm soon !!
This is more than I meant to write but I don't like to think someone else may fall in the same trap as I did.
