There are many, many different websites out there that provide an online bookmaker, betfa William Hill, Betfair and Ladbrokes to name a few. Nearly every single one of these website will give you some sort of bonus for signing up to them to place your bets. Whether it is a matched deposit bonus, or a fixed sum, there is great competition for the punter’s business, and I wondered, can you capitalize on it?
I had a search around the internet to see what ideas people have to try and make the most real money out of these bonus bets. A lot of advice pages just suggested the first idea that came into my head on this subject. That was to place your bonus bet on a match or fixture that has fairly good odds, and hoping for the best outcome (a win)
. Although this would work some of the time, there is quite a risk factor involved in it and it definitely would not ensure the full banking of betting bonuses in sports betting. Bonus bets would lose more than they would win usually, and little to no profit would be attained from this method.
I continued my search and found a very interesting idea which uses matched betting to give a “risk free” bet where it doesn’t matter if there is a winning or losing player/team, the bet will always win. For those who don’t know matched betting is a special kind of sports betting where you can either “back” a team to win, or “lay” a team to not win (lose or draw).
The most popular website that uses this is the sports betting arm of the betfair website. This matched betting idea seems very interesting and appears to be a good way to profit from start up bonuses you gain from sports betting sites.
An example of a matched bet would be to sign up at William Hill and make a deposit to gain a sign up bonus. Then place a bet on a match/fixture with William Hill, and bet the opposite way with betfair. Provided the odds are correct in this situation (i.e odds that make it so you will win enough with one bet to cover your losses and make a profit over the other bet) you could turn your sign up bonus into hard cash without a risk.
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It is quite a complex process for the human mind to accurately calculate the required bet to gain maximum profits, and it takes time to find these bets, but there are software systems about for a small price to make sure you take as much money off the bookmaker as possible. (link available at the bottom for loads of good sign up bonuses and more information).