So I'm a newbie and I've made a few newbie mistakes that have cost me couple of FB's but I've learned from these mistakes too and as I'm one of those people that totally over thinks things, I wanted to understand what kinds of bets should be placed, depending on the circumstances and wanted your thoughts on what I've found thus far, if it's correct then I hope it'll help out fellow newbies on FB's that are either more complex or where there is no auto matcher.
The qualifying bet; this is the initial bet you place to get to money making FB - using odds as close to the minimum, for the backing bet T&C's, that match an exchanging lay bet with the smallest difference is preferable. Small odds mean a small liability on a lay bet and as you only want to qualify for the FB, you want to keep the "cost" (The smal amount you lose due to the exhange etc) marginal on this.
Then there are two kinds of FB.
The first and most common seems to be the non - return stake;
Where say, they give you £10 free to bet but you do not get the £10 with the return if you win. So the aim here is to extract as much of the FB as possible and so what works best here is to find odds that are high on this bet, where anything over 4.0 seems to net a solid return but the higher the odds the more you can "extract" from the free bet. You need to remember that with all matches betting you need to find a matching lay bet to your backing bet, with the smallest difference you can find to get max profit. The trouble with high odds tho is the initial liability cost, where pushing the odds up will see you lay down far more in liability. This would be recouped on a win but it can be a heavy outlay and this is not a definitive rule as a quick calculation should be done before betting to check but it's what I've noticed.
The last would appear to be FB's that allow you to keep the stake, which I have not encountered yet but I believe these are most commonly the FB's that require multiple roll overs in order to "cash out" The bet, including the FB. So for these it would appear that they should be treated like qualifying bets. As the stake forms part of the return and multiple roll overs may be needed, choosing very low odds and matching them with a low liability lay bet would appear to be the most risk free way of "extracting" the money from a FB.
Free bets on loss of first bet offers; It would seem that choosing high odds and high liability would be the way to go here but again that could require some bank roll for your lay betting.
Am I going about things the right way here? Any tips to add. I now check all bets with the AP calculator prior to betting just to check.
The qualifying bet; this is the initial bet you place to get to money making FB - using odds as close to the minimum, for the backing bet T&C's, that match an exchanging lay bet with the smallest difference is preferable. Small odds mean a small liability on a lay bet and as you only want to qualify for the FB, you want to keep the "cost" (The smal amount you lose due to the exhange etc) marginal on this.
Then there are two kinds of FB.
The first and most common seems to be the non - return stake;
Where say, they give you £10 free to bet but you do not get the £10 with the return if you win. So the aim here is to extract as much of the FB as possible and so what works best here is to find odds that are high on this bet, where anything over 4.0 seems to net a solid return but the higher the odds the more you can "extract" from the free bet. You need to remember that with all matches betting you need to find a matching lay bet to your backing bet, with the smallest difference you can find to get max profit. The trouble with high odds tho is the initial liability cost, where pushing the odds up will see you lay down far more in liability. This would be recouped on a win but it can be a heavy outlay and this is not a definitive rule as a quick calculation should be done before betting to check but it's what I've noticed.
The last would appear to be FB's that allow you to keep the stake, which I have not encountered yet but I believe these are most commonly the FB's that require multiple roll overs in order to "cash out" The bet, including the FB. So for these it would appear that they should be treated like qualifying bets. As the stake forms part of the return and multiple roll overs may be needed, choosing very low odds and matching them with a low liability lay bet would appear to be the most risk free way of "extracting" the money from a FB.
Free bets on loss of first bet offers; It would seem that choosing high odds and high liability would be the way to go here but again that could require some bank roll for your lay betting.
Am I going about things the right way here? Any tips to add. I now check all bets with the AP calculator prior to betting just to check.
