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The latter is required to offset any loss in the event that the result does not occur; for instance, if a team loses. Once the free bet has been qualified, the same process is followed with the exception that a free bet is being used.
No matter which result occurs, there will always be a guaranteed profit because the bet was made free of charge.
Online betting outlets, betting exchanges, have become popular in recent years for they allow betters to bet without official odds-makers.
In essence, the person placing the lay bet acts as a bookmaker. Continued matched betting taking advantage of existing customer reload offers doesn't work quite the same way.
Rather than backing and laying on the exchange to guarantee a free bet no matter what the outcome the person will back on the bookmaker, lay on the exchange and hope for the desired outcome to occur and reward a free bet.
Calculators can help work out if the qualifying cost and potential reward from the free bet is enough to justify the potential risk of not getting a free bet.
Similar to playing poker it's considered profitable in the long term to continue making these low risk wagers where the qualifier might be pennies compared to the potentially hundreds made if the refund event occurs for a free bet.
Assisted matched betting refers to websites or software packages which provide comparison tables of markets for individuals to bet on.
These are commonly known as 'auto-matchers'. Auto-matchers will usually provide the individual with a matched betting calculator to be used in conjunction with the comparison table, in which the user can select the type of bet, stake, bonus and time-frame.
Matched betting manually is where the individual finds the offers, markets and odds themselves and also makes the relevant calculations.
Matching the right odds can be time consuming and may require a high level of numeracy and betting knowledge.
Where there is a potential for loss this is more akin to advantage play gambling. Matched betting is legal and a spokesperson for William Hill has indicated that the betting industry does not have a problem with this use of free bets.
Most bookmakers have people on their staff looking for bettors 'taking too much value', something which tends to happen with matched betting.
They will place restrictions on the accounts of bettors who may be taking advantage of promotions too often, such as preventing them from placing very large bets.
Bettors whose betting behavior is unacceptable to a given bookmaker risk being banned from that bookmaker's site, this can also be referred to as 'getting gubbed' within the industry.
This means you must: This offer only applies to your first ever sports bet with BetStars. This offer only applies to bets placed on selections with accumulated odds of 2.
If you have signed up through BetStars and made your first deposit with either Neteller or Skrill Moneybookers you will not be eligible for this offer.
If you have signed up through BetStars this offer will only be available for your first 90 days. Free Bet s will be credited within 48 hours of bet placement.
Unused Free Bets expire seven 7 days after being credited. This offer is not available for use in conjunction with any other promotions run by BetStars.
BetStars reserves the right to amend these rules at any time and in the event of any dispute BetStars decision is final. Where there is evidence that a series of bets, placed by individual customers on the same outcome, are linked through a referring website, messaging service, arbitrage alert service or betting system, BetStars reserves the right not to offer the Free Bet to those customers at its sole discretion.
Your Free Bets will be credited in the currency of your stake. If you change your currency after qualifying for a Free Bet, your Free Bet will be in the same currency as the original stake.
C30 New William Hill online customers only. Free bet stakes are not returned as part of the settlement of successful free bets.
All free bets must be wagered within 30 days. PayPal excluded from offer. This promotion is available to new UK customers only. Qualifying bets do not include each way bets.
The free bet tokens are valid up to 14 days after registration. The free bet tokens must be used within 30 days of receiving your free bet token.
After this period if the free bet tokens have not been used they will become void. The free bet tokens can be redeemed on a single or multiple bet.
Qualifying bets which are cashed out will void your free bet token. Your stake is not included in any winnings made from your free bet token. You must first place a bet on ComeOn Sports sportsbook markets.
Casino is excluded from this offer. Skrill, Moneybookers, Neteller and Paysafe e-wallets are excluded from this offer.
This offer cannot be used in conjunction with any other ComeOn Sports welcome offers. All standard welcome Terms and Conditions apply.
This offer is open to NEW players only. Existing players do not qualify. Only deposits made via credit or debit cards are eligible for the bonus.
Deposits via E-Wallets such as Neteller or Skrill do not count for this promotion. Your Bonus Token bonus will be equivalent to your qualifying bet.
Qualifying bet can only be placed on a win single or combo bet. System bets do not qualify. Cash Out bets do not count towards this promotion, any Cashed Out qualifying bets will not count.
Qualifying single bets must be staked at odds of 1. Each selection in qualifying combo bets must be placed at odds of 1. Only the win part of each way bets count as a qualifying bet.
The Bonus Token can only be claimed once your qualifying bet have been settled. Bonus Token will be issued within 24 hours of correspondence.
Bonus Token applies to Sportsbook markets only. Bonus Token will be accessible in your bet slip Bonus Token must be selected from the dropdown box to be used.
Bonus Token will be valid for 5 days from issue. Bonus Token stake not included in any returns or winnings. Bonus Token does not count towards ANY future sportpesa.
Applies to bets placed prior to the start of an event only. In-Play bets do not count. Available to all Sportpesa. The total amount of the Bonus Token issued to your account is valid for one single bet or combo bet, and cannot be divided into smaller amounts Multiple bets.
The Bonus Token offer is limited to one per person, household, IP address, ISP network, email address, telephone number, same payment account e.
This promotion cannot be used in conjunction with any other offer or promotion run by Sportpesa. General Bonus Terms and Condition of Sportpesa.
Qualifying Offer available to new customers registering on or after You must claim your offer within 30 days of registering your account.
Your Bet Credits will be held in your account balance and are non-withdrawable. Your Bet Credits will normally be available to use within one hour of the qualifying settled bet requirement being met.
You may have more than one Bet Credits offer available on your account at any one time. However, qualifying settled bets will only count towards releasing one of the offers.
You may choose which offer is active within the Members section. Bets placed using our Telephone Betting service will not count towards the release of your Bet Credits.
This term is applied in conjunction with the other restrictions. Where a stake has been partially Cashed Out, only the remaining active stake will count towards the release of your Bet Credits.
Where a bet has been edited using our Edit Bet feature, the original stake will not count towards the release of your Bet Credits and only the new stake on the new bet will count.
Your Bet Credits are non-withdrawable. Any returns from Bet Credits stakes will be added to your Withdrawable Balance but Bet Credits stakes are not included in any returns.
Stakes can be funded in part by your Bet Credits and part with your Withdrawable Balance; however the Bet Credits element of the stake will not be included in any returns.
If a bet is void and has had an opportunity to win for example, in the event of a push , Bet Credits stakes will not be returned.
If a bet is void and has not had an opportunity to win for example, when a Goalscorer bet is placed on a player who does not then take part in the match , Bet Credits stakes will be returned.
For the purpose of Cash Out, the value displayed will already have the Bet Credits stake removed and will be the actual return received if Cashed Out.
Your Bet Credits will be forfeit and removed if your account is inactive for 90 consecutive days. Making a deposit, placing a Sports bet or participation in any Casino, Poker, Games, Vegas or Bingo product is deemed as having activity on an account.
Bet Credits can be used as a qualifying bet for the following offers:. Bets placed using Bet Credits will not qualify for the following bonuses:.
This offer closes and cannot be claimed after This offer is only available to customers residing in Great Britain and Republic of Ireland.
In addition, where there is evidence of such activity, bet may levy an administration charge on the customer up to the value of the Bet Credits, Free Bet, risk free bet or enhanced payment towards the administrative costs incurred in identifying and taking action against the activity.
All customer offers are limited to one per person. Employees, officers and directors of bet, its promotional or other agencies, licensees and licensors, service providers and any other associated or affiliated companies shall not be eligible for the promotion.
The same terms shall apply to the direct families of such persons. In order to receive the welcome offer, members must first place a qualifying bet.
Each way Bets qualify. Free bet stakes, Permutation and Void bets do not qualify for this promotion. First qualifying bet must be placed within 30 days of registration.
Bonuses will be applied to qualifying accounts upon bet settlement. Please allow 72 hours in extenuating circumstances.
This offer is limited to one per person, household, IP, device, e-mail address or payment details.