Help with recurring offer

  • Hi all.

    One of the bookmakers I’ve used for a while for actual betting has offered me a deal where for every deposit I make, they will credit me 50% of the value as a free bet (up to £500 free bet per deposit)

    However the offer does say it won’t be available on the next deposit after withdrawing and they can withdraw whenever they like. So the best scenario is to lose with the bookmaker every time, rinse and repeat. However that’s obviously unlikely.

    I’m trying to think of the best way to move forward with this. Is depositing £200 for a £100 free bet, then laying it all off at the highest odds I can afford the most sensible thing to do as it reduces risk of winning with bookie? Then if it wins with the bookmaker just withdraw a large amount and hope the offer isn’t recinded? Then just repeat until I lose the deal?

    Cheers all

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    1486

    What are the terms regarding the free bet @bobbydavia66?

    You need to be sure that if your bet wins at the bookmaker you can afford to meet any wagering requirements.

    It sounds like a generous offer, but be sure to read the terms thoroughly as I would hate for you to come unstuck.

    +0
    scabbadab 252

    If its a less than reputable firm (ie not one of the biggish ones) with what sound like dodgy terms and conditions as this offer does- I would not want to risking using the ‘free bet’ on high odds shot and laying off the free bet at those high odds. Imagine a 20/1 $100 freebet wins and you have paid out $1500-$2000 on the exchange and are now praying the firm will honour the $2000 your FB has won-so you can pocket $75-$90 in overall profit. Would cause me grey hairs to say the least. I dont really go near the low level bookies myself- but If I was in this one you mention I would prob bet and lay the initial deposit $200 for as small a qualifying loss as poss- Then just punt the $100 fbet on something not too crazy like a 4 or 5-1 shot- And if it wins- see what happens when I try and withdraw some of the profits

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    scabbadab 252

    With this approach maybe after 6/7 attempts one of your 4-5/1 range of $100 freebet ‘punts’ will have won (law of averages) and you will have kopped $400-500 in profit for your intial qualifying losses on the $200 deposit bets (perhaps something like $30-50) So will have kopped a very nice overall profit without any serious risk/heart damage from bet/laying massive $100 fbets- and praying the firm will honour a huge payout should a monster price win (which they do sometimes win! prob roughly as often as the price suggests they should) Then wait to see if they pay out your fbet winner without much fuss- then maybe be a bit more risky going forward if they continue to dish out this offer to you- If they call it quits on the offer front after- then you will have kopped a very big payout from a single ‘unreputable’ firm without putting a big amount of money on the line/and your health-grey hairs etc

    +0
    scabbadab 252

    Bob old son- dosnt sound like you are very clued up at this caper- fingers crossed and hope for the best is prob the best bet for you.

    No need to say cheers/thanks etc

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