£25 Free Bet from Winner

Football Gambler website is pleased to announce the arrival of another bookie to our extensive bookmakers list, with the addition of Winner.com

With a new bookmaker, also comes another free bet, and Winner are offering all new customers a £25.00 Free Matched Bet.

The minimum free bet amount is £5.00, the maximum is £25.00. It is a 100% match up, so a £10.00 qualifying bet, will get you a £10.00 free bet, £15.00 for £15.00, etc.

So in order to qualify for the maximum free bet amount of £25.00, you will need to place a qualifying bet of £25.00.

Your qualifying bet has to be your first settled bet, and it has to be a sports bet placed at odds greater than 1.5 (1/2).

Only customers in UK, Republic of Ireland, Greece, Germany, Spain, Sweden and Finland qualify for the free bet. And customers using Neteller or Moneybookers to deposit will not be eligible for this Free Bet offer.

You will receive your free bet once your qualifying bet has been settled, so keep an eye out for it as you must use your free bet within 7 days of receiving it, otherwise it will expire.

There are restrictions on the free bet. Again it must be placed at odds greater than 1.5 (1/2), and it must be under odds of 11.00 (10/1). If you are using the matched betting method to cash this in, those odds will be fine.

If you use the matched betting method, you will need a Betfair Account for this.

Below, I have added some basic instructions on how to cash out the free bet using the Matched Betting method….

Qualifying Bet – Find a selection with Winner.com at odds of 2.00 (Evens), we will call them Team A for the sake of this example. Back Team A with Winner at odds of 2.00 (Evens) for £25.00. Lay Team A on Betfair at odds of 2.02 – 2.04 on Betfair for £25.40. This will get you around £24.00 back.

Wait for everything to be settled, and once it is, you then have a £25.00 free bet to use.

Free Bet – Find another selection on Winner.com at odds of 4.00 (3/1), again, we will call this Team A. Back Team A with Winner.com at odds of 4.00 (3/1) for £25.00.

Then find Team A on Betfair, they should be approximately 4.2 – 4.3 to lay. You then need to lay Team A on Betfair for £18.00 at 4.2 or £17.65 at 4.3 (whichever the price is too lay).

This should guarantee you around £15.00 risk free profit from the free bet. Alternatively, you can just use your free bet to have a ‘no lose’ bet.

Follow this link to open a Winner Account and claim your free bet.

Betting Exchanges

The innovation of the betting exchange gave the gambling industry it’s biggest shake up for years. The betting exchanges totally transformed the online betting landscape and forced the conventional online bookmakers to awaken from their complacency, as they realised that us mug punters no longer needed to continue hand feeding them our hard earned cash.

I now rely on a betting exchange for all of my football trading and some of my football betting. In my opinion, they are brilliant for online betting, and my football trading couldn’t operate without them.

I actually have accounts with two betting exchanges, Betfair and Betdaq. There is a good reason for this, I use my Betfair account for my serious football trading, and I use my Betdaq account for my speculative, bit of fun bets.

Betfair currently charge commission at a rate of 5%, while Betdaq charge only 3%. The reason why I use Betfair and their 5%, is because they have more markets and far more liquidity, and for the markets I currently trade in, I need plenty of liquidity.

The 3% commission from Betdaq is great though, and as a result I am happy to use them for my speculative bets. The big games is where I have an opinion (that is usually wrong), and there is generally just about enough liquidity to get my ‘mug punter’ small bets matched in running on these games.

Unfortunately though, there is just not enough liquidity with Betdaq in the markets for my Over/Under 2.5 goals pre match trades, and Assured Soccer Profits, so I have to lump the 5% commission and stick with Betfair to trade these markets.

If you do prefer football trading to football betting, then a betting exchange account is a must. This is highlighted by the fact that Assured Soccer Profits and the Pre Match Trading, have both built and sell their trading products based on Betfair usage.

A betting exchange account is also needed for matched betting. With how matched betting works, without a betting exchange account it would be virtually impossible to implement this system.

While I’m on the subject of matched betting, Betfair offer a £20.00 free bet if your first bet loses, while Betdaq offer a £30.00 free bet if your first bet loses.

Cashing out these sort of free bets using the matched betting method is a bit of a pain in the backside. So an alternative to this is to open accounts with both, find an event with two ‘runners’ and back one with Betfair and one with Betdaq.

To qualify for the Betdaq free bet, your first bet has to be placed at odds of 2.00 (Even money) or greater. So basically find a bet at over 2.00 on Betdaq and put £30.00 on it. Try and find an event with odds of around 2.1 for this.

Then have £30.00 on the other runner with Betfair with odds of around 1.9 and have £33.00 on it. This way whoever wins, you will get back just over £61.00, and it will have cost you £63.00 to place the two bets.

But you will now have either a £30.00 free bet, or a £20.00 free bet, which you can now guarantee a profit with using the matched betting method.

How Matched Betting Works

Following on from my article about what is matched betting, here I’m going to write about how matched betting works.

To start with, you will need a betting exchange account. I use Betfair, there is others, including Betdaq.

The reason why you will need a betting exchange account is to lay off your first (qualifying) bet, and a proportion of your free bets (this is how matched betting makes money).

I have written an article about the best free bets to use for matched betting, and from that article I’m going to use a £50.00 free bet to give you an example of how matched betting works.

Some online bookmakers have a minimum stipulation that your first (qualifying) bet has to be placed at odds of 2.00 (Even money) or greater in order to qualify for the free bet. So for the benefit of this example I’m going to work on that theory.

First (and like with all matched bets I place), I would select a football match or sporting event where the odds with the bookmaker is as close to the odds with the betting exchange, as possible.

Then I would place my qualifying bet like this…..

Back Team A @ 2.00 (Even money) with online bookmaker for £50.00.

Lay Team A @ 2.00 (approximately) or nearest price, ie 2.02 or 2.04, on betting exchange for approximately £50.00, to cover qualifying bet and get as close to £50.00 back as possible.

Once this is all settled and I have received my free bet, I would then use my free bet on a different football match or sporting event like this……..

Back Team A @ 4.0 (3/1) with online bookmaker for £50.00.

Lay Team A @ 4.1 (approximately) or nearest price, ie 4.2 or 4.3, on betting exchange for £37.00 (approximately), this guarantees me a profit of around £35.00.

It breaks down like this…… if the free bet wins I will receive £150.00 from the online bookmaker and lose £114.70 on the betting exchange – a profit of £35.30.

If the free bet loses, I get nothing from the online bookmaker (but don’t lose anything, as it was a free bet) and I get back £35.15 on the betting exchange – a profit of £35.15.

As I already stated, this is just an example of how I would do things. The prices I have quoted in my example can’t be guaranteed. As a rule of thumb, if I find a bet of 2.00 (Even money) with an online bookmakers, the chances are it will be somewhere between 2.02 and 2.08 to lay on Betfair.

Likewise with my free bet example. If I found a price of 4.00 (3/1) to back with the online bookmaker, the price on Betfair to lay the bet would probably be somewhere between 4.1 and 4.4.

This is why I quote ‘approximately’ in my examples. If the qualifying bet is placed at 2.00, and the lay bet is priced at 2.06, the amount needed to lay the bet (after commission) would be slightly more than £50.00.

It is important to be patient and take time when looking for a qualifying or free bet for matched betting, as the closer the odds are between the online bookmaker and the betting exchange the better, as it results in greater profits.

In general though, it is highly likely that when placing any qualifying bets a small percentage will be lost. From my own point of view, if I was placing a £50.00 qualifying bet I would be looking to get a minimum of £47.50 returned on it, meaning a small loss of £2.50 (5%), any higher and I wouldn’t do it.

When it comes to the free bets, I always look to make 60% profit (ie, £30.00 returned on a £50.00 free bet). After I have taken off any possible loss from my qualifying bet, I would want a minimum total return of 55% of my free bet value, although I generally get 60% these days.

This is a typical process I have followed while cashing in my free bets for matched betting. I hope I have explained things clearly, if anyone needs any help with matched betting, feel free to leave a comment and ask – I’ll be very happy to help out in any way I can.

Free Bets for Matched Betting

There are hundreds, even thousands of pounds worth of free bets out there and nearly all of them can be used for matched betting. Free bets can come in different forms, there is the reasonably straight forward free matched bet, the first deposit match up, and the free bet only if your first bet loses.

The difference in all these free bets is fairly simple, but consequently it can be a touch more difficult when it comes to how matched betting works.

In this blog post I’m going to concentrate on the free bets which are matched betting friendly, as they are the best ones to start with (I’ll write about the one’s that are less easy to use in another post).

The free bets I am writing about here are known as free matched bets. This is where the online bookmakers will give you a free bet for the same value of your first (qualifying) bet, whether that first bet wins, loses or draws. It is simply a free bet that mirrors your first bet, up to a maximum amount (ie £50.00).

There is none of this first deposit match up, or we’ll give you a free bet only if your first bet loses, etc….. which some online bookmakers offer (and in my view, these are the less friendly matched betting free bets).

Here are the online bookmakers who offer the easier to use matched betting friendly, free bets that you should start with……

Totesport – £10.00 Free Bet
Stan James – £10.00 Free Bet
Boylesports – £20.00 Free Bet
William Hill – £25.00 Free Bet
BetVictor – £25.00 Free Bet
Blue Sq – £25.00 Free Bet
Corbett Sports – £30.00 Free Bet
Coral – £50.00 Free Bet
Paddy Power – £50.00 Free Bet
Ladbrokes – £50.00 Free Bet
Betfred – £50.00 Free Bet

With these free bets you simply place your first/qualifying bet and then lay it on a betting exchange to ensure you don’t lose (I use Betfair). You then use your free bet and lay a percentage of it on a betting exchange to ensure a guaranteed profit – no matter what happens (here, you can find more details of how matched betting works).

In my view these are by far the easiest free bets to cash in, and are the best free bets to start with if you are new to matched betting, or starting with a small to moderate sized betting bank.

I would suggest starting with Totesport, basically starting with the smallest free bet first, and then working your way down the list.

That way if you are new to matched betting, you are not risking a large amount of money while you are getting familiarised with what you are doing. (If you are new to matched betting, I would suggest you first read my article what is matched betting?)

While if you have a smallish betting bank, you will only be able to cash in the smaller free bets to start with, but while you are doing this you are building up your bank, which will enable you to cash in the larger the free bets further down the line.

What is Matched Betting?

What is Matched Betting? Well, Matched Betting is actually a way of making risk free money using the free bets offered by online bookmakers to try and entice us into opening accounts with them.

What happens is a bookmaker will tempt to us to join them by metaphorically saying to us ‘come and have a £50.00 free bet on us. All you need to do is open an account, have a bet of £50.00, and as we are so nice and generous we will give you a free bet for £50.00.’

The online bookmakers know that in most cases, a ‘gambler’ will be opening the account. The ‘gambler’ will probably lose one of these two bets, or maybe even both of them, meaning the bookmaker will at worst lose a few quid (on the two bets).

Even if the ‘gambler’ makes money on both these bets, in the majority of cases the online bookmaker won’t mind, as they know that the ‘gambler’ will then continue gambling with that bookmaker losing money hand over fist to it for years and years, meaning the bookie still comes out on top in the long run.

In short, the free bets on offer are regarded as a loss leader by the online bookmakers, to grab our custom (and hard earned cash).

There is another way though, and that way is by using the ‘Matched Betting‘ method – a non gambling method.

Despite the name Matched Betting, this isn’t actually betting or gambling, but it does involve placing bets. I see it more as football trading, as most of the bets I place for matched betting, are placed on football.

The reason why it isn’t regarded as gambling or betting is because we don’t actually care what the outcome of the bet we place is. We are placing the bet as part of the system we are using, not taking a punt on who will win the big match on TV. This bet can win, lose or draw, it won’t matter to us as we are not actually gambling.

I’m not going to go into the finer detail of matched betting here, that’s in my blog post about how matched betting works. I have also written another post detailing the best free bets for matched betting.

Ladbrokes Free Bet

To open a Ladbrokes account, click here….

The Ladbrokes free bet is for £50.00 and is a straight forward one, where you open an account place a qualifying bet, and then get a free bet for the same amount as your qualifying bet. On this betting site we prefer these sort of free bets as they are ideal for Matched Betting.

While you are registering your new account, you will need to enter the code shown on the landing page (currently FB50, check in case it has changed) to qualify for the free bet.

Once you have registered, you just simply place your qualifying bet on the same day, and then use your free bet within 7 days.

Ladbrokes Free Bet Terms and Conditions

* New Ladbrokes customers: Simply register today & enter the correct promo code, then place a single bet of £/€5 or more on any sport& we’ll match your stake with a Free Bet up to £/€50.
* You must be aged 18 years or over to bet and participate in this promotion.
* Correct promo code must be entered. First bet must be made on the same day as registration.
* Free bets must be placed within 7 days of award otherwise they will expire.
* In order to qualify for each free bet the initiating bet must be placed on odds of evens or over.
* Qualifying bet must be a win single of £5 or more placed on any sport. Only the win parts of each-way bets qualify.
* The Free Bet will be credited on settlement of the qualifying bet and can be redeemed online, mobile and telephone.
* Free Bets are non-refundable. The Free Bet stake is not included in any returns.
* Duplicate accounts will not qualify for this free bet offer. Only ‘one new account offer’ per person, household address, email address, debit/credit card number, or IP address is allowed.
* Void bets do not count.
* Free Bet must be used in its entirety on any sport.
* Offer not available in Ladbrokes retail shops.
* Any bets placed from cash, Ukash, MoneyBookers and Neteller deposits will not qualify for this offer.
* This promotion is not available in conjunction with any other new customer Free Bet offer.
* Free Bet must be used on a different race selection or market to the qualifying bet.
* Free Bet cannot be used to fund tote, pool or lottery bets.
* Free Bet cannot be redeemed on any other online product (Casino, Poker, Bingo, Games, Financial, Lottos, virtuals)
* Redeemed Free Bet will not count towards qualification to view streamed events.
* Free Bet does not count towards qualifying for any other promotional offers.
* A Free Bet token can’t be partially redeemed. If you attempt to place a bet for a lesser total stake than the value of your Free Bet, the remaining value of the Free Bet will be void.
* Ladbrokes accepts no responsibility for system or connection problems that might affect any end user during the promotion.
* Offer is only open to customers living in the UK and Ireland betting on the English or Irish language site. * Other countries may be added.
* Certain In-Play markets are settled by an external company therefore your free bet may take up to 24 hours to be assigned to your account. If your free bet is not redeemed within 24 hours please contact our Customer Service – By email: care@ladbrokes.com or Call 0800 731 41 71 (from the UK), +44 208 429 79 71 (from outside of the UK)
* Ladbrokes may determine at its sole discretion whether it believes different entries or accounts are connected to the same person, using whatever methods it deems appropriate.
* If the terms of the offer are breached or there is evidence of a series of bets placed by a customer or group of customers, enhanced payments, Free Bets or any other promotional offer results in guaranteed customer profits irrespective of the outcome, whether individually or as part of a group, Ladbrokes reserve the right to reclaim the bonus element of such offers and in their absolute discretion either settle bets at the correct odds, void the free bets or void any bet funded by the deposit bonus.
* In addition Ladbrokes reserve the right to levy an administration charge on the customer up to the value of the deposit bonus, Free Bet or additional payment to cover administrative costs. We further reserve the right to ask any customer to provide sufficient documentation for us to be satisfied in our absolute discretion as to the customer’s identity prior to us crediting any free bet or offer to their account.
* In the event of a breach of these terms and conditions Ladbrokes reserve the right to take such action as it deems appropriate in its absolute discretion.

There is hundreds of pounds of free bets available on this site from our extensive list of online bookmakers.

Paddy Power Free Bet

To open a Paddy Power account, please click here…….

With Paddy Power, you open an account, place a qualifying bet of £50.00 on an event at odds of better than 1/2 (1.50), and Paddy Power will give you a free bet for £50.00 that must be used within 30 days.

This is another one of my favourite free bets as it is ideal for Matched Betting. I prefer the straight forward free bets, where you place a qualifying bet and receive a free bet to the same value.

This means we can match up our qualifying bet on a betting exchange – such as Betfair – to make sure we get our money back, and then we get the opportunity to match up a percentage of the free bet, for a guaranteed profit.

The other method is where a bookmaker gives us a free bet token if our opening bet losses, these are harder to cash out. I’ll explain why in my free bets guide to matched betting.

As is always the case, always check the Terms and Conditions before placing any online bets, whether qualifying or free.

Paddy Power Free Bet Terms and Conditions

* Open a new account, place a bet up to a maximum of £50 and we will match it with a free bet of the same value.
* Qualifying bets must be placed at odds of 1/2 or greater, this also applies for combined odds on multiples.
* Valid for new customers only.
* Free Bet stakes not included in returns.
* Valid for bets placed on paddypower.com sportsbook only, not valid for lotteries or totepool betting.
* Free Bet valid for 30 days.
* Free bet offer open to residents of Ireland and the UK plus a select number of other countries.
* Free bet offers are limited to one per person, family, household address, email address, and shared computer. We reserve the right to withdraw the availability of free bet offers to any customers.
* Due to the abuse of free bet promotions, customers using Moneybookers or Neteller to deposit will not qualify for this free bet offer.
* Free bet offers are limited to one per person, family, household address, email address, and shared computer. We reserve the right to withdraw the availability of free bet offers to any customers.
* If any of the terms are breached or there is evidence that customers are using free bets or other promotional offers to guarantee profits regardless of the outcome we reserve the right to void free bets or any bets funded by bonuses.

There is hundreds of pounds worth of free bets from online bookmakers available on this betting site, these can be used for matched betting or building a betting bank for football trading.

Betfred Free Bet

Betfred’s new customer offer is currently a ‘Bet £10.00, Get £30.00’ promotion. What this means is you open a new Betfred account (using below link), deposit and bet £10.00 on an event, and you will then receive a £30.00 free bet to use.

Your £10.00 (first) bet has to be placed at odds of Evens (2.00) or greater. Once it has been settled, you will receive your £30.00 in free bets within 48 hours.

You then have a total of 7 days to use your £30.00. Anything left after the 7 days, will expire.

Betfred are one of the most recognised brands in the bookmaking world, and are famous for offers like Goals Galore, and Double Delight and Hat-trick Heaven. If you like betting on football, a Betfred account is highly recommended.

Terms And Conditions

* Internet, mobile and UK call centre customers only.
* Customers who deposit via Moneybookers, Neteller and PayPal are excluded from the free bet offer.
* Residents of, and debit / credit cards registered in the following countries (or countries formerly part of these) will not qualify for the free bet offer / promotional offers: Azerbaijan, Bulgaria, China, Denmark, Finland, Georgia, Hong Kong, Hungary, Israel, Italy, Latvia, Lithuania, Macau, Malaysia, Moldova, Poland, Portugal, Romania, Russia, Slovakia, Slovenia, Estonia, Taiwan, Thailand, Ukraine, Union of Serbia and Montenegro and Greece.

* Your free bet will usually be available in your account within 24 hours of your bet being settled.
* Your bet must be settled within 30 days of account opening in order to qualify for the free bet.
* Previous account holders are not eligible for the free bet. Anyone opening a Betfred.com account that has previously held an account with us that is closed does not qualify for the free bet.
* All free bets are valid for 7 days after issue. Any free bet amount left unused after 30 days will be removed.
* The free bet offer is for new customers registering an account with Betfred.com Existing account holders do not qualify.
* Your first bet must be placed on sports book markets, numbers or lotto only (Games, Casino, Poker and Bingo do not qualify).
* One free bet per customer only. In the case of a customer opening more than one Betfred.com account, we reserve the right to suspend and close duplicate accounts, and make void any bets placed.
* Free bet stake is not included in any returns and is non-withdrawable.
* Free bet offer cannot be used in conjunction with any other offer.
* One free bet per household.
* Betfred.com Remote Betting rules apply.
* Non-runners and/or bets made void do not qualify as valid bets for your first bet. If your first bet is a non-runner and/or made void, you will not be eligible for a free bet.
* If your free bet is placed on a non-runner, the bet will be made void and the stakes returned to your free bet balance.
* Your free bet applies to sports bets (excluding Tote pool bets), numbers and lotto only (Tote Pool bets, Games, Casino, Poker and Bingo bets do not apply).
* Betfred.com reserves the right to withhold any bonus payment if it believes that the promotion has been abused and/or where the terms of the offer are not fulfilled, or any irregular betting patterns are found. The decision of the Betfred.com management is final.
* Betfred.com reserves the right to withdraw or amend this offer at any time, for any reason and without prior notice.

Over £36 made from Coral free bet

Earlier this year I started to look into ways of generating money from free bets from online bookmakers using the matched betting method. At the time I wasn’t really updating this blog, but I was writing one elsewhere and I have kept records of what happened and how much money I made.

I’ve just been revisiting those postings and here is what happened when I cashed in a £30 free bet from Coral last March.

I actually opened the Coral account via the cash back site, Top Cash Back, as they were offering a £20.00 cash back for opening an account and placing a bet (I’ve just checked and it is currently £12.62 to do the same at the moment).

I placed my qualifying bet with Coral (I needed to do this to entitle me to the free bet) on a 50 Over Cricket match, as it was a 50 Over game, it was only a two horse race. This made matching up the trade much easier and allowed me to just back the other team on Betfair for a scratch trade.

I then placed the £30.00 Free Bet on Anzhi in the Russian league at 6/5 (with Coral), which would have won £36.00. After I had placed the free bet I then placed my lay bet of Anzhi on Betfair, leaving me with just under £20.00 red on Anzhi and £16.90 green (£16.05 after commission) on an opposition win and the draw.

This guaranteed me a return of around £16.00 risk free no matter what happened. Had Anzhi won, I would have picked up £36.00 from Coral, and lost £20.00 on Betfair, giving me £16.00.

Had Anzhi not won, I would have lost nothing with Coral as it was a free bet, but I would have picked up £16.05 from Betfair for my lay. It was a no lose situation.

That meant I got a return of just over 50% profit on the free bet, which is a general rule of thumb I try to hit.

The added bonus in this transaction came in the form of the cash back. It took a few weeks to come through, but when it did arrive at the start of May, I got another £20.20 from Top Cash Back site.

So in the end I made £36.25 just for opening an account and placing a qualifying, and then a free bet.

Of the Anzhi match, the game actually finished 0-0 which resulted in the Betfair side (the lay) of the trade winning (£16.05). I would always rather have the money end up in the Betfair or Betdaq account rather than the online bookmaker account.

The more often you lose with the bookies, the better the customer you are in their eyes. This should result in the bookmaker wanting your custom, meaning in some cases they might offer you more free bets to entice you to use them more.

When/if they do, I will just do what I’ve done with this trade – and use them for a nice profit instead, rather than the other way around.

Get cash back for opening bookmakers accounts

Over the last few weeks I have been looking into different ways of building up my betting bank. As I already have many of the mainstream bookmakers accounts, William Hills, Ladbrokes, Paddy Power, etc, I have had to look towards the newer bookmakers whom I’ve never used before to claim free bets to build up my own personal betting bank.

Also my missus (it’s not me masquerading as her, honestly) has started to build a betting bank by opening new accounts. Basically she is looking to get all the free bets again from the mainstream bookmakers that I already have accounts with, as well as eventually getting round to the newer ones as well.

While looking into this she has come across Cash Back Sites, Top Cash Back and Quidco, where you get money just for buying things or for signing up for things like Sky TV, Credit Cards, etc.

On discovering these sites she has realised that you can also get money for signing up for bookmakers accounts, and in some cases you can get the free bets as well, so it can be a win double.

For example, she has just signed up for a Betdaq account with one of these sites and got £20 for it. She already had a Betfair account, but if she hadn’t, she could have earned another £10 for opening one through this particular cash back site.

There is a qualifying criteria. With Betdaq, my missus had to deposit and wager a minimum of £30 for her first bet, with Betfair (if she had been opening a new account) she would of had to have deposited and wagered a minimum of £10.

Basically, what she did was deposit £30 in Betdaq and bet the £30 on a darts match at around 10/11 (a two horse race) in the recent Grand Slam of Darts, she then backed the other player on Betfair to make sure she all but covered the £30 (she got around £28.50 back after commission). For doing this she pocketed (sorry, I mean handbagged) £20 from the Cash Back Site.

If she didn’t already have the Betfair account, she would have earned £30 for doing this (£20 from Betdaq, £10 from Betfair).

The Cash Back Site she used is called Quidco, she’s since found another one called Top Cash Back. She told me they both seem fairly similar, except Quidco charges £5 a year, while Top Cash Back is free.

She has now noticed that there is a load of bookmakers on both of these sites, some with free bets as well. For example, there is a £50 free bet available with Ladbrokes, along with £20 cash back, as she doesn’t yet have a Ladbrokes account, she’s told me that is her next task.