Karamba are running a nice little offer for new customers. Simply sign up and deposit £10.00 or more, then bet £10.00 at odds of evens (2.00) or greater and Karamba will give us a £10.00 free bet. Translated into matched betting terms, this gives us a guaranteed profit of £7.80 and here’s how…
The key terms to be aware of are as follows:
- Minimum deposit and wagering on sport to activate the free bet is £10.00.
- Our qualifying bet must be placed at odds of 2.00 (evens) or greater.
- Free bet is valid for 14 days.
This a straightforward ‘Bet X, Get X‘ offer.
To claim the £10.00 free bet, we’ll need to bet £10.00 at odds of 2.00 (evens) or greater.
We can then use straightforward matched betting to extract 80% cash from our £10.00 free bet.
It’s entirely up to you what you place your qualifying bet on, but we need to find something with close back and lay odds. I’ll use odds for a fictional football match in the following example to demonstrate how this offer should be done.
We can calculate our lay stake using my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £10.00…
Place £10.00 on Team A @ 2.00 = Potential profit of £10.00
Lay £10.00 on Team A @ 2.02 = Potential liability of £10.20
Let’s have a look at our potential profit/loss for the following outcomes…
|Team A win||+ £10.00||– £10.20||£0.20 loss|
|Team A don't win||– £10.00||+ £9.80 (£10.00 minus 2% commission)||£0.20 loss|
So, regardless of the result of the match, we’ll incur a qualifying loss of £0.20, but we now have a £10.00 free bet!
Our £10.00 free bet will be credited to our account once we have placed our qualifying bet. The free bet will be valid for 14 days and the free bet stake will not be included in any winnings.
By using straightforward matched betting, we can extract 80% cash from any free bet. Take a look at my Free Bet Strategy page for a walk-through guide on how this should be done.
So, we should be able to extract £8.00 cash from our £10.00 free bet. If we take into account our qualifying loss of £0.20, this gives us a guaranteed profit of £7.80 on this Karamba new customer offer!
Click here to take advantage of this Karamba sign up offer