Why should anyone give away free bets?
Well, there are a number of reasons, all of which can be summed up in one sentence: to make money, of course.
In most markets, the market maker will give away free bets to attract new customers, and to retain existing customers. Whatever the motivation, the results are usually the same – the bookmaker increases, if you increase, you get to essentially break even, and the free bet means nothing more than you lose more money than you bet.
However, I’m not here to talk about breaking even, because we all know that not everything that is offered to us is of even value. However, it is possible to bet on sports with ‘free’ money, and in doing so, to make money.
More than that, there is another reason to free bet, and that is to make money.
There are many ways to extract value from free bets. For example, if you back a horse to win, you are risking your own money, betting that the horse will not win. However, if you lay a horse to lose, you are risking not just your own money, but the betting company’s money as well.
This is the reason why it is possible to make free bets using arbitrage techniques.
We know that betting exchange bots can bet automatically for you, using all of the betting patterns you are comfortable with. However, these bots are just grabbing the opportunities when they appear.
Therefore, it is possible to bet on sporting events using betting exchanges, and make money. Although it is not my area of expertise, I have been able to find a few ways to make money with betting exchange bots and I will tell you about them today.
Firstly, let’s say you sign up for a betting exchange, for example Betfair. When you register, your account will be ready for you to enter your bets. However, you have the option to specify which bet you would like to place, and it will suggest bets to you that are in profit, at least on paper, if your prediction comes in.
Therefore, you can then choose which you are going to use, and whatever may befall your chosen bet, you will enter that bet into your betting exchange account. Your betting exchange account will display the amount of money you are able to use, and the amount of that bet you have, and you can click on your choice to cancel, or your bet will be transferred to your bank account at the end of your betting exchange transaction.
However, the question is, is it really possible to make money with betting exchange bots?
There are many betting exchange bots that have been created, and there are many people who swear by them and offer a number of tips on how they have managed to make money on betting exchanges, and what can be expected from the future.
Joe Simpson, who has a good record as a betting exchange business development manager, believes that there is potential to make money by betting bots. He says: “If you look at the numbers, I think there are around 300,000 of these now. They have taken the place of human traders. “What they can do is buy and sell odds and place bets that will profit them. If the price comes in they will profit, but the more popular they are the more people will look at them and inevitably the less profit they will make.
“The way you use them is you keep a record of what you are doing. You develop a system that you know turns out to be profitable and keep changing things. You don’t bother looking at the book because you know you’ll lose. You just use your computer and the internet connection and your betting exchange accounts.
“In time, you could win lots of money. One of the things is that you don’t invest anything. All you need to do is have a computer and an internet connection and you are on your way. It is mental gambling. “What people don’t understand is that you can do it in your sleep, you can do it anywhere, anytime, just like the casinos do. “You don’t need to go to Malta or bet in Tebet.
“People think it’s all bluffing and they have no idea what to do. They have no idea of the resources available to them.
“My job is to make sure the customers are happy. “I only tell people the truth. Anyone that tells you otherwise is not to be trusted. You want to know the truth, but many people want the truth but don’t want to hear it. They want to believe they are smarter than everyone else. “The most successful bettors didn’t want to hear what the bookmakers had to say. Most people want to earn money, but there are a lot of people who like to lose money.