A Simple Trading Technique.
We all like a free bet but without a bookies offer then is there any other way to secure one? There is now with the exchanges unique way of backing and laying. Here’s how we secure that free bet.
Three or four times a week Bettingtipsforfree will be putting up the trade of the day so we know what to be backing and then looking to lay off later in the day.
The selection process won’t be revealed here but it is based on favourites that have the strongest chances of winning their race and not what the Industry calls a false favourite.
In the image below you’ll see that once you have selected the tipped horse you simply enter your stake at the current odds and click the “Place Bets” button at the bottom of the screen. All tips will be advised to £10 stakes. These odds where available to back between 0900 and 1000 hours this morning.
As the day goes on the exchanges and the bookies have seen a lot of money coming through for today’s horse and so naturally the odds have shortened up considerably. This is the point where we can now lay off the bet to secure ourselves that free bet.
In the image below you will now see the pink box of which you simply enter your £10 stake again and click the “Place Bets” button.
On doing this you will now see a green screen on the left hand side of the race card like in the image below.
As you can see if Dutch Mistress goes onto win then we win £9.70 but if it loses then you’ll have lost nothing as you can see the £0.00 next to all the other horse’s names.
So how does this work?
We backed Dutch Mistress at odds of 3.65 for £10 which meant we would win £26.50 should the horse win. Of course if it lost then we would also lose our £10.
As the odds have shortened we’ve now layed Dutch Mistress at odds of 2.68 for £10. This means that should the horse go onto win we have to pay out £16.80 to the person that matched our £10. The difference of course between our win of £26.50 and our loss of £16.80 is £9.70.
If Dutch Mistress loses the race then we have lost our original £10 but we of course keep the other £10 from the lay part of the bet.
Remember to check in regularly over at Bettingtipsforfree for when there will be a free trading tip between 3 and 4 times a week.