Welcome to the Weekly Profit Puller. This is where I’m going to look at various products or services and delve a little deeper into how they work and how best to use them.
I wanted to look at Betting Bounty today. The team behind this service live and breath free bets and the best way to extrapolate money out of the bookmakers. By using clever staking and certain strategy’s the users of Betting Bounty are able to put themselves into positions that secure them a profit time and time again.
Today we’re going through a trade that highlights how this is done using the free bets that are possible to obtain from Ladbrokes. If a horse that we back at odds of over 4/1 in any Channel 4 race then goes onto win, Ladbrokes will give us a free bet up to the value of £25.00. We aim to make a small loss on the initial backing of our selection so that we then get the free bet. This free bet can then be traded out to secure a profit.
Okay, onto the trade and then a look at the maths behind it all.
The 14:25 Newbury is televised on Channel 4 and this is the example we will be looking at. Using the mobile app (this concession is only available via the mobile app) we place a £25.00 bet on Cole Harden at odds of 4/1 to win the 14:25. That’s the first section of the trade completed.
We now need to head over to Betfair and place a £25 stake on the LAY side of Cole Harden at odds as close to 4/1 as we can get. I managed to actually get matched at 4/1 (5.00) on Betfair so this is what happens.
My profit in my Ladbrokes account is £100.00 should Cole Harden go onto win. My liability in Betfair is also £100.00 so if Cole Harden does win I have come out at break even. I will now also have a free bet from Ladbrokes to use on any race I choose.
If Cole Harden loses the race I will lose my £25.00 stake with Ladbrokes but return £23.75p (- 5% commission) in my Betfair account meaning that overall I am £1.25 down.
Now if we do get the free bet then by using some clever staking we can trade this bet out to secure a profit. I won’t reveal how that’s done as it is only available to Betting Bounty members.
So what’s the nitty gritty of all of this. It all comes down to value. Yes I know my favourite word 😉
We are risking in total £1.25 in order to get a free bet which when traded out is worth anywhere between £19.00 and £22.00 dependent on odds. If we go for the smaller amount of £19.00 we divide this by our initial risk of £1.25 and this means that we are actually getting just over 14/1 for a selection that has a 4/1 chance of winning. Now that’s massive value.
Betting Bounty members have 6 trades for today…
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