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.