FREE MONEY………

If ever there was a time when more and more of us could do with some extra money then it is now given the current difficult economic climate.

Well the good news is there are lots and lots of Bookmakers and Sportsbooks falling over themselves to provide you with FREE MONEY, and it would be a real crime not to help them out by grabbing some of it.

A basic starting point of every aspiring punter’s armoury should be to have a good portfolio of betting accounts with the main bookmakers so you can make sure you get the best prices available. It also goes without saying that the betting exchanges of Betfair and Betdaq are also a must have. You don’t necessarily need to leave money on deposit at all of them given how simple and quick this can be done at the bet confirmation stage, but by doing the preparation work of simply opening them means you will be well placed.

As an added bonus and in tune with the headline, Free Money, is the fact that almost all of these bookmakers and the two mentioned exchanges offer new account bonuses.

These can help to build up a really sizeable free betting bank but can also be used in a variety of ways. Firstly you can simply use these bonuses to back your fancy safe in the knowledge that if the horse doesn’t do the business and win then it may not have cost you a penny as you will be playing with the bookmaker’s money. (Always check the terms and conditions of each offer to ensure you are fully aware of the rules and how the bonus is applied).

My personal preference is to lock in a guaranteed profit by trading the bonus with a combination bet involving the betting exchanges, an example of this is as follows…

You open a new account with William Hill who currently are offering a freebet worth up to £25, you will also need to do the same with Betfair(assuming you do not already have one, they also have various new account bonuses). Now go to the horse racing section and bring up the prices of the horses that William Hill are offering in each race and compare these to the “Lay” price on Betfair. Select a horse whose price is similar on both, the lay price will almost always be slightly higher but the smaller the gap the better. Let’s say that a horse is 9/2 or 5.50 with William Hill, and the betfair lay price is 5.70. Deposit £25 and place the back bet with Hill’s, and then straightaway place a lay bet on Betfair of £19.91 @5.70(you will need £93.58 in Betfair to cover the lay liability). Let’s see what happens if…

The horse Wins….

You win £112.50 with your Hill’s bet, but will lose £93.58 on your Betfair lay bet giving you a Risk Free Profit of £18.92.

The horse loses….

You lose £25 with your Hill’s bet, but win your lay bet and Betfair will payout £18.91(£19.91 less 5% commission), so leaving you £6.09 down. However once the bet has been settled William Hill will pay the new account bonus of £25 back into your account leaving you with FREE MONEY worth £18.91 to be used on your next horse race selection.

Please ensure you have read and understand the terms of each offer before placing any bets and follow them carefully as the Bookmakers will stick rigidly to them if you make a mistake. But apart from that small note of caution you can create literally hundreds and even thousands of pounds of FREE MONEY by using these new account bonuses from dozens and dozens of Bookmakers based around the world, and not forgetting that both Betfair and Betdaq also have offers providing you with an initial Double Whammy.

To find out details of the latest Bookmaker new account offers click here. And to help you with the individual back and lay bet calculations you can find a nifty tool here.