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[Spookle]

I had to. I was getting jittery at the thought of no chat support for tonights match

Made my first mistake today - luckily not to my detriment! Used my winnings from free slots bonus on coral to do a mug bet as haven't has anything in the way of reloads at all...BUT stupidly put it in the OM oddsmather as SNR rather than SR. Thus I then ended up "underlaying".

So where I was moaning earlier about losing loads at the exchange because all my bets won I now take back and am mopping my brow in relief!!

Thanks Roly - I thought so too. It is an offer where you have to wager any winnings 3x, so wondered if that had anything to do with it but the more I think about it, the more I think the guide must be wrong. All the other similar Risk Free offers say to use Free Bet (SNR) mode too...

Cheers for that!

Risk free bets: You should check the 'risk free bet' option in the calculator for the first bet. Fill in details on the free bet that you'd get.

The calculator works to give you an equal profit if:

1. Your first bet wins at the bookie.
2. Your first bet loses at the bookie and you turn over 70% (or whatever % you specify) of the free bet.

I made a long post on how to do these offers but can't search easily on my phone. It's on the first thread if anyone wants to search for it.

Maid - thank you! I shall read right now. Thank god for this thread and you lot!

And for what its worth I was scared of risk free betting, now I really like it! (mostly thanks to maid)

I was confused with the unibet offer as well. The £30 is not a free bet it's a bonus so is in fact stake returned. Odds monkey is quite confusing on this I found. On one guide it says to class both bets as snr but in another guide it tells you to use risk free option.

I've had a quiet weekend. Only had two reload offers, and as most of my money is tied up in the exchanges and bookies (annoyingly, I have £100 across seven bookies that I figured I should keep there for mug bets and to look legit) I haven't been able to take up any more new customer offers.

I also figured it's probably better to keep your accounts with the main bookies happy, rather than chase new costumer offers all over the place. Annoying though, because there's plenty of offers to chase still.

Which brings me onto mug betting strategies - how often? For example, I did some mug bets with Ladbrokes, Coral, Stan James and Betfred last weekend, and only Ladbrokes sent me a reload. Shall I put on some more mug bets now, a week later? I obviously want to strike a balance between mug betting enough but not too much because it's a waste of effort.

Thanks, Overthinking. I'll probably stay off Betfair sportsbook too to save myself messing up!

So I've done my Coral bets inc free bets. I won on the exchange on the second and lost on the first, so I obvs won in Coral but annoyingly can't check or cash out as I've locked myself out of my Coral account. Stupidly put in the wrong email address and even stupider, they don't do an email verification to check you've put in the right email. I then locked myself out by resetting the password that's gone to this wrong email. I've emailed them, but that could be £7 goodbye!

Anyway, I've started on the Bet Fred offer. Here I am at midnight, betting on Argentinian football! Seems a bit slower on the free bet to be credited so will hold out til tomorrow to see how that one goes.

Night all!

Well it has been a successful weekend. My spreadsheet is showing as £48 profit, though when I take away the amount I have put in from my total bankroll it is just over £30. Still not bad for an hour or so's work.

I'm using Ultimatcher and think I have an error in there somewhere that I just can't find. I only have 7 matches in there so might be worth starting it over from new.

I've found MaidofStars original post about risk free bets, hope it's ok to copy it here

Bet £X, get a free bet of the same value if you lose

A note: The % profit of the free bet value in these offers, at around the 50% mark, is lower than the % profit we can wring from standard “free SNR” bet. This is somewhat traded off by the fact that these bet offers can sometimes be completed in a single bet process, rather than requiring a pair of bets. They are therefore worth doing, IMO.

This post is going to outline how to make money from these bookmaker offers. This type of offer is called a risk free bet. Your initial stake is not at risk, because it’s returned if you lose.

First bet, with real life money
Because our initial stake is not at risk, we can underlay at the exchange i.e. we can lay against a stake far smaller than our back bet.

If we win at the bookies, this offer is completed. You’ve made more at the bookies than you’ve had to pay out in liability, job done. Withdraw your cash from the bookies (or leave it if you want to mug bet in future etc).

Again, if you win the first bet at the bookies, you’ve made your profit and no further action is required

If we lose at the bookies, we win at the exchange. Because we underlayed, the stake we win is smaller than our stake outlay at the bookies. This will have us down overall, and by a little more than we are usually down after a standard qualifying bet. Think of values around the five quid mark for a £25 back bet.

But don’t be put off. Because we lost at the bookies, we now have a free bet to the value of our initial stake.

Second bet, with virtual money
This is turned over as standard free bet, usually SNR. The profit here will be similar to what you’re used to seeing with these bets.

The reason the overall % profit is smaller is because we are allowing a situation where we are down overall after the first bet. Unlike an initial qualifying bet, which we try to make as close to zero sum as possible, we are deliberately creating a bigger gap in our money out/money in. The free bet value covers this, but obviously at greater cost to our profit from it.

The ideal outcome is to win the first back bet at the bookies and take your winnings. We underlay to maximise our profits should this first back bet win, and use the free bet only to cover our arses should this back bet lose. I hope some of you reading this have now jumped to the (correct) conclusion that, in order to further maximise our potential gain on this first back bet, our first back bet is placed at longer odds than those we use for standard qualifying bets. We are looking for odds of 4+ for this first back bet.

How to calculate this first back bet:
Open Oddsmatcher.
Find a good match, odds of 4+.
Open the calculator.
Check the bet type as “risk free bet”.
Fill in your back bet stake.
You will see that a third box has appeared in this calculator interface, asking for free bet award and free bet retention Fill in the values. What free bet value will you get if you lose your first back bet? How much % profit do you predict you will make from this free bet (default is 80% but we might be more like 70% as newbies).

The calculation runs to equalise the profits between

1. winning on your first back bet

versus

1. losing the first back bet and turning over the % profit on the free bet.

That’s why the small writing underneath the “risk free bet” check box says “equal profits”.

Go to your bookies/Betfair and bet/lay what the calculator tells you. Wait for the result.

If you win the first back bet, you’re finished with this offer.
If you lose the first back bet, turn over the free bet as standard.

I will post a screenshot of a typical calculator result so you can follow the above.

Thanks for finding that Holly, I'm a bit confused though because on the Oddsmonkey calculator there are only 'normal', 'free snr' or 'free sr' options. I can't see anything about risk free bet.

Is this because I'm being a cheapskate and I have found all my own bets instead of signing up to Oddsmonkey? Is the calculator different if you pay?

Yes sleeper it's on the oddsmatcher calculator which suggests matches not the simple calculator which you input the numbers into.

Ahh, might just concentrate on ploughing through the sign up offers and then start paying for oddsmonkey for the other stuff

@ladasha

Oh no, I hope you get back into coral. They have some good offers.

I found using a password app helps a lot. I use password safe on android and passible on iOS, you only need to remember one password or pin to log into the app and then you can view all your passwords. Both apps are free with paid upgrades and you can divide passwords into categories. I also have a page on my spreadsheet with every account I've made, my username and email address used on sign up, my password is made up half a dozen small words that I rearrange t make it different so I make a lot of that but just use the initial letters so I can look at sheet and know what password is. Eg, password is eggbeddogcup I'd save on spreadsheet as EBDC and I can quickly look up.

The more bookies you sign up with the more trickier it is remembering. Keeping same username for all isn't always foolproof as its sometimes already taken so you have to think of something else or add numbers to it., keeping track has helped me a lot.

sleeper I've decided to do as many free things as I can before paying for oddsmonkey.

I was hoping to do a couple of welcome offers this evening but I' will have 4 preschoolers in the house this morning (nephews +mine) so looking away from them to check odds would doubtless result in total carnage.

Re: risk free bets.

I think, but happy to be corrected, that the advice to place your first bet as you would a 'free SNR' is a quick fix if you are using a calculator with no 'risk free' function. The premise on the first bet - underlay at the exchange on an event with odds of +4 - is the same for both types of bet so 'free SNR' is a rough approximation of what you should be doing. However, the proper 'risk free' setting is the most accurate. But remember, it's only accurate if you turn over your free bet (should you need it) at the % you enter into the calculator. Any lower/higher and the calculation no longer stands (although if you turnover a higher %, well not worry too much).

Risk-free bets - basically lay HALF your stake not the whole amount. If you win at the bookies you've only lost half at the exchange. If you lose at the bookies you lose your £20 bookie stake, gain half that at the exchange, so a net £10 loss, but you then gain a free £20 bet, that you turn into £17, so a net gain of £7.

The risk free calculator on Oddsmatcher calculates to underlay at around 60% of your stake on odds around 2 (although you wouldn't go this low for a risk free bet), up to 86% when the odds reach 5, over 90% at odds of 10.... (based on 80% return on free bet).

It's not simple as laying 50% if you want to maximise your profit, although for sure, underlaying is going to guarantee a profit.

Just choose the "risk free bet" option in Oddsmatcher. It tells you exactly what to lay.

I've just won £126 on the Toy Factory Slots in WillHill Vegas. It was £20 free play. Do you think it would be normal behaviour to withdraw £100 of that straight away? Or would you leave it there for a bit first?

Lucky you! I've had zero luck with free goes at the casino AND the bingo

Totally fine and normal to withdraw. You won't look remotely suspicious!

I've just won £126 on the Toy Factory Slots in WillHill Vegas. It was £20 free play. Do you think it would be normal behaviour to withdraw £100 of that straight away? Or would you leave it there for a bit first?
Have you fulfilled the wagering requirements to withdraw? Most of these offers require you to bet X times the value of the bonus before you can have any cash.

I won on about the same amount on 888 too . Money on its way back (they did reverse it subject to id checks first though)

Maid of Stars, it's risk free so no wagering requirements. Have withdrawn £100 and left the rest sitting thee. Am a bit scared to play the slots again!

Oh, well done then!

Wow some of you are having brilliant luck on the slots!

The most I've won is £1.80 - but every penny counts