Another type of interesting offer we can use in our matched betting catalogue is the triggered free bet for certain requirements. To make the most of these types of offers, there are two different ways to tackle them with two separate methods. Here at OddsMonkey, we will discuss what these offers are, how they can be tackled, and how we can use them to our advantage by using matched betting and other techniques.
What Is A Get A Free Bet If A Trigger Is Met Offer
In this type of bet, the player will have to place a bet, usually on specific markets. If a certain trigger happens and the bet loses, then a free bet or cash could be awarded to the player, meaning the offer depends on the result of bet. An example of this bet could be something like, “Place a £25 bet at Ascot, and if Horse A wins, we will refund your losing stake as a free bet up to £25.” This essentially means that the bookmaker will give the player their losses back if the bet does not win. These are very similar to ‘Bet X, Get X’ offers, yet the offer is given or not given depending on whether the requirements are met.
How To Use These Get A Free Bet If A Trigger Is Met Offers
As previously stated, there are two separate ways to deal with these types of offers:
- Find the closest match possible on the specified markets and back and lay that selection. This means the qualifying loss will be incurred. If the selection loses and the trigger happens, we will be awarded the free bet, and we will incur the qualifying loss.
- Again, find the closest match possible on the specified market and back and lay that selection. This time however, we are going to place the lay on the trigger happening. If done correctly with the correct lay stakes, a profit can be locked in no matter the result.
Using the example previously mentioned, let’s have a look at how these methods would work in practice.
Method 1 – If we are looking for the closest possible match on the specified market with method 1, we will have a small qualifying loss and hope our horse wins so that we get our free bet up to our stake amount. The back and lay bet cannot be Horse A as it can’t win and be a losing bet. Assuming it was a £25 bet, there are two outcomes:
- Horse A Wins – Assuming we retain 80% of our free bet, we will keep 80% of £25, which is £20. Take away the qualifying loss and this leaves a profit of £18.75 in total.
- Horse A Loses – We do not receive the free bet, so the qualifying loss will be incurred, meaning there would be a total loss of £1.25 in this situation.
Method 2 – Finding the closest possible match on the specified markets, we place a lay bet on Horse A winning. This way, we can equal out a profit because if it does not win, we will get money from our lay bet, whereas if the horse does win, we will lose our lay bet but will be rewarded with the £25 free bet.
Method 2 will guarantee a profit if done correctly, so make sure to use our very own Trigger Bet Calculator, which can do all the complicated mathematics for you, ensuring a profit is locked in, and no mistakes are made within the precise maths needed.
Learn More About Offers Here At OddsMonkey
As most online bookmakers create plenty of different offers to try and attract players, there is no better place than OddsMonkey to learn more about the different types of offers used throughout the betting world. As well as learning about offers such as enhanced odds offers, why not learn about matched betting throughout our comprehensive matched betting blog which boasts a whole range of different topics to widen your knowledge!
