What is a Bet X Get Y Offer
Bet X get Y offers are the most basic, easy to execute offers for matched bettors. These types of offers are super easy to put into action and take just a few minutes (at maximum) to lock in our profit. A bet X get Y offer works by betting on an outcome (X) in order to unlock a free bet the bookmaker is offering us in return (Y).
How to do a Bet X Get Y Offer
To take advantage of this kind of offer and unlock the free bet without risking any of your own money we will need to find a close match between the bookmaker’s back odds and the exchanges lay odds, this is referred to as your trigger bet.
Example:
Manchester United back odds of 1.9
Manchester United lay odds of 2.1
Note: You want to use low odds when doing your trigger bets, try to get them as close as possible to the bookmaker’s minimum odds requirement for the offer that you are doing. This will help keep our qualifying losses very small.
The Oddsmatcher is great for quickly filtering the best matches available.
Once a close low priced match has been found to trigger our free bet we should enter all the relevant information into the matched betting calculator using the “trigger bet” preset.
Next, we place our back bet with the bookmaker.
Then, we place your lay bet on the betting exchange using the lay stake the calculator has provided us.
That’s it, our free bet is unlocked at the expense of just a small qualifying loss that we will more than make up for from our free bet that we will have just been rewarded with.
Note: Although not always the case, bookmakers will generally credit you with your free bet after your trigger bet has been settled.
Profiting From The Free Bet
To extract our profit from the free bet we need to go though the same process again, with just 2 minor differences.
- Change the calculator mode from “trigger bet” to “free bet SNR”.
- Look for high close match odds at 4.0+ (opposed to earlier when we used lower odds performing our trigger bet).
Enter all the relevant information into the matched betting calculator using the “Free Bet SNR” preset, such as our free back bet stake, back odds and lay odds.
Finally, we place our free back bet with the bookmaker and lay off that back bet on the betting exchange using the lay stake the calculator has provided us with.
All done, the profit (displayed by the calculator) is officially ours, we just need to wait until the event has been settled to withdraw the cash!