Another £50 Free Bet from BET365

Last Sunday's Euro2012 quarter-final match between England and Italy seen yet another £50 Free Bet for existing BET365 customers to be used in-running, which meant more profits for us.

To qualify for this bet all you need to do is place a pre match bet and then place a bet in-running for the same amount (as your pre match bet).  If the in-running bet then loses, BET365 will give you the in-running stake back. The maximum amount you can bet to qualify is £50. 

So last Sunday I backed the draw pre match at 3 (2/1) on BET365 for £50 to win £100, I then layed the Draw on Betfair at 3.05 for £50 (£47.50 after commission) to lose £102.50, which meant I got back £150 either way, but it cost me £152.50 to place the bets, meaning a loss of £2.50 on the qualifying bet - which is good value in my opinion. 

So with the qualifying bet safely in place I waited for the match to start and had planned to back Over 2.5 goals when it reached 2/1 (this is my favoured method of cashing in this free bet), which wasn't to take long. The problem was, BET365's site had crashed, which meant I missed this price. 

Anyway, that got fixed and at half time I managed to use my £50 Free Bet with (BET365) on backing no goals at 3.5 (5/2), giving me a (potential) return of £175, (£125 winnings and my £50 stake back).

To cover this and guarantee myself a profit I layed 0-0 on Betfair at 3.8 for £16 (loss of £44.80) at HT, I then layed more at various staged intervals (rather than all at HT) as I fancied 0-0 anyway. The second lay came about 5-10 minutes into the 2nd half and was for £11 at 3.5 (loss of £27.50), before again doing a small lay in the final 5 minutes of £10 at 1.21 (loss of £2.10).

This gave me a total Betfair loss of £74.40, with a green upwards of £30 after commission (don't have exact figure) had it not finished 0-0.

As we all know, the game finished 0-0, meaning I won £125 from BET365 and I lost £74.40 on Betfair. As I had already lost £2.50 on my qualifying bet, this meant I made an overall profit of £48.10, taking the risk free money pot up to £700.15.

And the good news doesn't stop there. Because of the problems experienced with BET365's site crashing during the 1st half of the game, they have generously credited my account with £50 to say sorry. I have to say that I think this is very generous and I have to applaud BET365 for great customers services with this magnificent gesture.

There are free bets available with all the bookmakers listed in the column on the right hand side of this website. These can be used to bet free with by customers opening new accounts.

Profits with Bet365, £50 Free Bet

Apologies for not posting sooner, been a busy few days for me, but that's no real excuse for the length of time since my last post.

Last Sunday week, 10th June, Bet365 did another one of their £50.00 free bet offers for existing members, this time on the Spain V Italy game.

This time I made sure I cashed in and made a nice profit (unlike the last time). I matched my pre match qualifying bet up by backing Spain on Bet365 for £50.00 at 4/5, while I layed Spain on Betfair for a small loss of £2.14.

Then in running I used the £50.00 free bet to back Over 2.5 goals at 2/1, standing to win me £100.00. I then layed Over 2.5 on Betfair for £23.75, leaving me a red of £58.75.

This left me standing to gain more money (£31.25) in the unlikely event of the game finishing Over 2.5 goals. I was happy with that, as the price to lay Over 2.5 goals was too high and I was losing value, that's why I settled for only taking £23.75 in the event of Under 2.5 goals coming in.

Anyway, there was a quick fire two goals midway through the 2nd half and this allowed me lay Over 2.5 goals more cheaply for another £9.73, at a cost of £8.00.

This left me in the position of winning £100.00 from Bet365 if there was Over 2.5 goals, while I would have lost £68.48 on Betfair, a profit of £31.52.

Conversely, it left me in the position of having £33.48 green on Betfair, should it finish Under 2,5 goals - as it eventually did.

Remember I would get my £50.00 back from Bet365 no matter what, as it was a risk free bet.

In the end I won the £33.48 on Betfair and got my £50.00 back from Bet 365. Taking away the £2.14 I lost matching up my £50.00 qualifying bet, this left me with a nice profit of £31.34, taking the risk free money pot up to £581.52.

Remember, Bet365 run these offers quite regularly, it is well worth getting an account just for these offers alone.

If anybody has any questions regarding the techniques I use to profit from these offers, or if I've not explained it very clearly (more than likely the case) in this blog post, then feel free to leave a comment and I'll try and explain things in more detail. Please feel free to ask any questions.

There are free bets available with all the bookmakers listed in the column on the right hand side of this website. These can be used to bet free with by customers opening new accounts.

A lesson in how not too do things

Last weekend I wrote about how I fully expected to take the Risk Free Profit Bank to over the £200 mark over that weekend - and so I bloody should have done.

I did intend to to cash in a couple of free bets that I never got around to. But the main reason why I was so confident of reaching this milestone was due to the £50 Free Bet offer from Bet365 to be used in-running during the Manchester City V Manchester United match.

Yes, this generous offer was supposed to make me an easy £20-£30, so why didn't it?

Well, the reason is because I let that old foe that is 'greed' take over and I also let my guard down with regard to my discipline as the gambler in me took over.

I matched my qualifying bet at a small loss of £2.70 on Sunday night, to make sure I was totally prepared come Monday. I then spent Monday deciding what bet to look to cash in on during the match.

I came up with an idea that if there was an early goal I would back Under 2.5 goals as I expected a tight game. If there was no early goal, then I would wait until HT to re-evaluate to situation.

After a lively-ish start to the match I got an idea in my head that there might be a couple of goals in the offing here, so as soon as Over 2.5 goals touched 2/1, I put the £50 on Overs.

I then watched and waited wondering if I had done my (risk free) dough as reality kicked in and I thought 0-0 or 1-0 either way again. Then bang on HT, I get my goal.

This is great, I can now trade out for a massive £50 risk free profit no matter what happens in the remainder of the match.

So what do I do? First I lay my £2.70 back to cover my qualifying bet, with the intention of getting out after the second goal.

In hindsight that was the moment when things went wrong because in only laying my qualifying bet amount I was committing myself to the staying in the bet until a second goal came along..... and as we all know, it never arrived.

So in the end I won bugger all, absolutely nothing when an easy 50 quid was just sitting there ready for the taking. To say I have been kicking myself all week would be an understatement, but I deserve it.

There is one slight positive to take out of this though, and that is the tactic of waiting for a good price on Over 2.5 goals in a game where plenty of goals is fairly guaranteed (not a Manchester Derby). If I could time this well - using a free bet obviously - like I did last Monday there could be good returns to be made.

I'm not saying that I will definitely adopt this tactic as it is gambling really, but it is an option that could be used on the odd occasion when there is a good probability of a favourable outcome - and after all, I don't want to be too rigid in my approach to this method of trading.

As all readers can see, over the past week I have been building up a list of free bets down the right hand side of the website. I have been able to secure some good personal offers especially for Betfree247 and I fully intend to add more to this list, so keep checking back for further updates and more free bets to cash in on.  

Here's too more risk free profits - and I will definitely be passing the £200 mark this weekend.

There are free bets available with all the bookmakers listed in the column on the right hand side of this website. These can be used to bet free with by customers opening new accounts.

More great risk free bookmaker offers this weekend

Plenty of Risk Free offers available this weekend which if all goes well should see this website clearing the £200 Risk Free profit mark.

To start with William Hill Casino  have got a Risk Free £5 available to play on any slots games before the end of Sunday night. The link is on the Sportsbook homepage, all you need to do is click on the opt in button where it prompts you to.

I have also received the £10 Live Casino offer from Hill's which can be played on roulette or card games, I always go for the roulette myself. This offer is by email invitation only.

There is no definitive way of claiming this £10 Live Casino offer. Some weeks I get the offer, some I don't. I first heard of people getting them on Twitter, I only started to receive the emails shortly after I started playing the offers on their homepage, like the first one I have mentioned above.

Bet365 have sent me a very welcome email informing me that their generous £50 free bet offer to existing customers is on again on Monday night for the Manchester derby. It's a simple offer which has generated me over £44 risk free from the two previous times they have ran this offer. 

On top of these two offers for existing customers I plan to really step up my efforts to opening new accounts with different bookmakers. I have been hunting around and I have found several new bookmakers whom I don't have accounts with already and I and my Missus (although she doesn't know it yet) plan to start opening accounts with these and using the free bets on offer. 

I will of course keep updating this blog as and when I find these offers and what I plan to do, this week I am starting by cashing in on the £50 Free Bet available from Betfred.

There is also the usual array of bookmakers accounts available with Cash Back sites, with TopCashBack still offering cashbacks for opening accounts with Ladbrokes (£25.25), Paddy Power (£20.20), Betfair (£15.15), Coral (£20.20), Boylesports (£10.10) and 32Red (£15.15). The bookmakers can be found under the 'Entertainment and Leisure' section at the top of the home page, you can visit TopCashBack  here..... 

There are free bets available with all the bookmakers listed in the column on the right hand side of this website. These can be used to bet free with by customers opening new accounts.

Ton up thanks to free bet offer from Bet365

I passed the £100 milestone on Wednesday thanks to the latest generous £50 free bet offer from Bet365, this time on Chelsea V Napoli last night.

It's the second one of these Free Bet offers I have picked up free money on lately, the same deal was available at the start of February on the Liverpool V Tottenham match, when I picked up £25 risk free.

It wasn't quite as productive this time round as I only picked up £19.13 from last night's match.

My qualifying bet cost me £1.06 to match. I backed Chelsea for £50 at 1.7 with Bet365, returning a £35 win. I layed Chelsea on Betfair at 1.7 pre match, at a cost of £36.06, resulting in the small £1.06 loss.

I could have layed them at a cheaper price had I held on (I did see 1.66 pre match), but they had been backed in that much I struggled to see the price coming in much more when it hit 1.7.

This qualified me to claim the £50 free bet in running. I placed the free bet at half time to avoid the risk of a goal mucking things up (I generally try to do it this way). The importance of getting the trades nailed down during the half time break was quickly shown as John Terry made it 2-0 almost immediately after the restart.

The general problem I find though is that the price difference between Bet365 and Betfair is that far apart, that it is hard to find a market to hedge the bet with.

In the end I had to settle for backing Under 2.5 goals with Bet365 for £50 at 1.83, paying £41.50 if it won. I then layed Under 2.5 goals on Betfair at 1.98 giving me a £20.19 green on Overs and roughly £20 red on Unders - so I was guaranteed a return from either Bet365 or Betfair no matter what happened.

It would have been more profitable to have found a market at around the 3.5 to 4 mark, this gives you a bigger win ratio as your £50 is winning between £125 and £150, but you also need a lot of money in your Betfair account to cover the lay side of the trade, and unfortunately all my money was tied up last night, meaning I had to do a short priced trade.

Anyway, I pocketed a risk free profit of £19.13 which is better than nothing, taking my total risk free profit's to £104.98 in just over a month. A small milestone, but a milestone none the less.

There are free bets available with all the bookmakers listed in the column on the right hand side of this website. These can be used to bet free with by customers opening new accounts.