Ok so we have placed our Qualifying bet and made a little loss in the process, but now comes the part we have been looking for. You now get the chance to place your Free Bet.
You’ve checked the terms and conditions and determined that the Free Bet is Stake Returned. Great!
This bet is therefore going to be very similar to the Qualifying bet that we have just placed. The only difference being that our original stake is going to be the Free Money that the bookmaker has given us to bet with.
Tip 1. As a general rule of thumb, if the Free Bet is credit directly into your Account Balance it is usually a Stake Returned Free Bet
Tip 2. Always try to use Stake Returned Free Bets first as they require less outlay at Betfair/The Exchange.
We place a bet at the odds 2.5 on Team A to win the match.
We bet the Free £10 stake that the bookmaker has given us.
This means that if our bet wins we earn:
(2.5 x Stake) = (2.5 x £10) = £25
Free Bet Rules – (Stake Returned)
Now we believe we’ve found our odds the next step is completing the Match Betting Spreadsheet so……
Step 1. Fill in the “Bet Stake” box with the amount we are going to bet
In the example above this would be £10
If the odds look ok and the spreadsheet is telling us that we will only lose a small amount on this bet (no greater than £2 as it is only a £10 free bet (even that is quite big), then we can go ahead and place our bets.
Alternatively go back and find better odds for less of a loss on the free stake.
Remember, we want to keep as much of the free stake as we can. This will be our profit.