What is a Refund Offer
A refund offer works with the bookmaker refunding your back stake (usually as a free bet) if a certain outcome occurs within a particular event. I have included a few examples of some refund offers for your reference below:
As you can see, a certain outcome needs to occur in order for the bookmaker to credit you with a free bet.
How to Profit From Refund Offers
There are 2 ways in which you can approach backing and laying your bets when it comes to the refund offers.
Standard Back And Lay Method:
Back and lay your selection as normal taking a small qualifying loss, wait until the event concludes, and hope the trigger occurs within the event,(Tottenham winning the match in the above example) this will unlock your refund from the bookmaker.
Subsequently, if you have qualified for the refund, you should then use your free bet in the “free bet SNR” mode on the calculator to lock in your profit.
It is important to note, this method won’t guarantee you a profit every time, you will only lock in a profit if you receive the refund. The bookmaker will only credit you with the refund if the trigger event occurs, therefore, keep your match rating between the back and lay odds high (97%+) this will minimise your qualifying losses when using this method.
Click to learn more on bet X get Y offers.
Risk Free Bet Method:
This method (when applicable) locks in a guaranteed profit every time but requires a bit of extra work.
To use the risk free bet method, you should find a close match on the Oddsmatcher and back and lay making sure to use high odds to maximise your profits.
You should use the “risk free” preset on the calculator when you use this method.
To learn more about how to use the risk free bet method to lock in a guaranteed profit from refund offers please read the guide below.