So I have bet £50 in total on the tennis match and got back £50 in winnings bet fa and so I am neither at a loss or at a profit,but I now have 2-£25 BONUSES to bet with.So if I placed 10-£25 free bets by this method (£250),the law of averages says I am likely to win 9 of them (9 times £25=£225). Whereas in the safe method the law of averages says I will win 50% of the free bonuses been offered (£125).
My strategy for doing one free bonus offer is the same but instead of using 2 bookmakers I use one bookmaker who is offering a free bet and then use my betting exchange account to (lay) the same bet. This is my usual approach as I just use an odds comparison site to find out which odds on an event are roughly the same at both a bookmaker and my betting exchange,then I back the selection at the bookmaker and (lay) the selection at the betting exchange.
To cash in the free bonuses I look for a selection around the 5/1-10/1 mark who I think has little chance of winning and I place the free bet on the selection at the bookmaker where I won the free bonus and then (lay) the same selection at the betting exchange. If the selection loses then I win the free bet money staked (minus 5% betting exchanges commission charges) and if the selection wins then I do not win anything but have not lost anything either. This way I can win most of the free bonus money been offered every time the selection LOSES.
The safe way to cash in the free bonuses I have won would be to place them on an event such as a tennis match as mentioned above but then I would only win HALF of the free bet money as most of the free bet offers only pay out your winnings on the free bet and do not include the free bet money itself. So if I placed 2-£25 free bonuses on the tennis match mentioned above then I would only win £25.
The first method is more of a gamble but even if all the 5/1-10/1 shots win I only lose the free bet money and not my money and is the method I prefer because if all the selections lose then I win all the free bet money been offered (minus 5% commission charges) and the law of averages says that if I am backing 10/1 shots to lose I will win 9 times and lose once.
