- What is a Risk-free Bet?
- Chances for Risk-free Bets
- How to Place Risk-Free Bets
- How to Make a Profit?
- Matched Betting
The UK has many leading online casino and sportsbook websites. Plenty of these bookmakers have a variety of promotions available for new and existing players. There are a few strategies you could employ to take advantage of these offers.
You have the option to use offers like risk-free promos or a sizeable welcome bonus to try and generate a profit. But, heed our disclaimer – any benefit from a risk-free or risk-less offer is not guaranteed. Read on to see what additional features are available for you at any bookmaker.
Reloads and other boosters can aid you in trying to score some risk-free profit. When you choose to gamble online naturally, there will always be some risk involved. But some sports may offer less risk in terms of odds than others. We’ll discuss these differences below.
What Does Risk-free Mean?
Many online bookmakers and casinos have a risk-free wager promotion of some kind. Typically this promotion is only open to newcomers or those punters signing up at the casino for the first time. These bookmakers also have running incentives to keep existing players active.
What Opportunities Do Bookmakers Provide You With?
Any bookmaker will have different offers that change monthly. Frequently you will see many variations of free wagers and bonuses. You can benefit from a sign-up bonus as is expected. You’re entitled to use bonuses and rewards received from offers like these to place wagers and risk less of your money.
As mentioned, a bookmaker might provide a free bet bonus for newbies. This promo will require a minimum deposit and have wagering requirements that dictate how much you can withdraw. Before you can receive your free bet bonus amount in your account, it must meet the specific wagering requirements.
You can bet on sports and markets of your choice, but there are odds requirements as well. For a single wager to be valid, the odds, for example, can’t be less than 1.20 on some bookmakers. Multiple bets must have at least one betting line adhering to these same odds or better.
The no score tie offer is a current promo running on some popular bookmakers as well. As the name suggests, the bookmaker will give you cashback on these wagers if the result is a no-score outcome for both teams. Using this cashback feature can provide you, what would otherwise have been your losses back.
Any decent bookmaker also offers its new punters a welcome bonus. This welcome bonus mostly is a 100% matched deposit bonus. It can range from amounts as little as €/£5 up to €/£100 or higher amount. While a welcome bonus like this doesn’t guarantee any less risk or the promise of winning risk-less profit, it’s a welcome boost for your bankroll.
You don’t need to put in a large amount for your initial bankroll to benefit from this bonus. The promo will give you an adequate bump in your bankroll funds to wager with. If you assess different sports betting markets, you’ll be able to place informed, less high-risk wagers.
This feature is for football betting. You can use this feature as it’s available for single reloads for the world’s favourite sport. This potential reload has been reviewed as a profitable feature for matched betting (more on that later).
How Do You Place A Risk-less Bet?
Boosting your bankroll or earning free wagers to play with the sportsbook and casino is shown above with a significant number of ways to do so. You will also receive a risk-free bet if you wager on any race available on the ITV Racing channel on some bookmakers. To qualify, you must do so on any single winner at odds of at least 4/1.Then you will receive a risk-free bet for the next ITV race and is valid for amounts up to €/£50. If this risk-free wager that you place wins, you’ll receive another risk-free wager to make. In the case of you deciding to keep backing your winners, the risk-free bets will keep coming.
When you lose your wager on a risk-free chance, however, the sportsbook will refund you. This is only for up to €/£50, but it can be an easy way to earn some risk-less profits. Punters can place wagers on ITV racing events or standard sports betting.
After you have registered online for the sportsbook, you make a deposit. Depositing is where you can claim any/all available bonuses or promotions. Then you will head over to the casino or the sports section to begin placing wagers.
Removing risk from your bets will require careful consideration of your chosen market.
How Can You Make Risk-less Profit?
Whether you make use of the welcome bonus or any of the free promotions offered at your bookmaker of choice, you can use it to try to make a risk-less profit. You can risk less financially and gain from the sportsbook using one of its offers or features.
This is especially true for offers that are a cashback bonus. A bonus, as such, has literally no risk. If you lose this type of bet, there is no risk as your wager is returned. The cashback generally refers to your first-ever wager, though.
To build a profitable system for sports betting and online gambling, you need experience and a decent bankroll. You will be able to make a risk-less profit on initial bets and for short-term gains. For sustainable profits, you should instead go with sports betting and casino gambling.
One of the most straightforward ways to try and win risk-less profit is by employing a matched betting strategy. Matched betting works much the same as arbitrage betting, but we’ll recap on this shortly. This will break down how you can receive profits if your wagers are successful.
Arbitrage betting involves laying both back and lay bets at two different sportsbooks with differing odds. But in matched betting, you will place one of these wagers on a betting exchange and the other on the bookmaker. As you have wagered for either outcome, any potential outcome will cancel the other out.
The significant difference being in matched betting, you receive a free bet like those on offer at many bookmakers. Then you repeat these or similar transactions using this free chance you’ve just claimed. The freebie value will be to the value of your original wager, and you are hence using free money.
This is how you can win risk-less profit with matched betting, as the free wager value is a qualifying loss and becomes your net profit. To become more successful, you should try to minimize the qualifying loss.