Originally Posted by
0james0
My first bet (all odds are decimal, not fractions), I'm backing Everton to win at the bookie (Bet365) and laying Everton at the exchange (Betfair)
Bet 365 are giving me a £50 free bet, if I bet £50 on the football
I bet £50 @ odds of 2.50 on Everton to win
Betfair are giving me a £50 free bet, if I risk £50 on the football
I lay £50.20 @ odds of 2.54 on Everton to NOT win. This gives me a liability of £77.31.
No matter what happens, I will lose £2.31. But all is not lost, I can handle losing a couple of quid, because after the match has finished, I will have 2 x £50 free bets!
You might be able to guess what comes next, very similar, will make a small loss on each of the free bets, but because it wasn't my money anyway, I will be in profit. This will probably make me around £90.
I'll post up my next bet when I get to that stage.
If you haven't got it, it is worth taking the time to, it really is easy money.