Over on the exchange website, you place what is known as a ‘lay’ bet on the betting exchange website. With the bookie, you place your £10 bet as normal on Liverpool to win. Say, for example, Manchester United are playing Liverpool in the Premier League. You do this by utilising both the bookmaker and a betting exchange website like Betfair. Matched betting removes the element of chance by allowing you to cover all potential outcomes. In other words, you are relying on chance to make a profit. Of course, you still have your £10 free bet to potentially recoup your losses, but if that loses as well, you will be down ten pounds. If it wins, great, but if it loses, you will be a tenner down. In a normal betting scenario, you would place the first bet with your own money. New customers get the most enticing offers, but regular customers can pick up some nice incentives, too.Ī classic example of a new customer offer is the ‘place a £10 bet to receive a £10 free bet’. Budgeting Calculator UK – Get Your Monthly Budget In OrderĪs anyone familiar with the gambling industry in the UK will tell you, bookies are constantly offering free bets and incentives to customers.How Investing £150 A Month Can Change Your Life.How Much Do I Need In My Emergency Fund.
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