How is "Free bet if it loses" profitable?
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Where the offer is bet a certain amount and you’ll get that amount in a free bet if it loses, surely to make money you’d have to hope that it does lose to get the free bet. Otherwise, instead you’ve just made a small loss on the matched bet?
+0May 9, 2016 at 9:12 pm
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I believe if the bet loses, then the losses are covered by “underlaying” at the exchange. I haven’t attempted this yet, so I’ll let someone else with the relevant level of experience explain how this works (and I will also read what they say with interest!).
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Exactly that; underlaying the qualifier ensures a profit no matter what.
Check out Matt’s guide, it explains everything…
https://matchedbettingblog.com/risk-free-bet-strategy/#.VzEXNch4WnM
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When on the calculator just select risk free bet
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… and make sure that the amount you enter in the Cashback box takes account of the fact that you are unlikely to extract the whole amount of the “free bet on loss”. So if you are being promised a £25 free bet, you should enter 80% of this, so £20.
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