Betbright Free Bet Provides Matched Betting Opportunity
November 12, 2017
As matched bettors, we are always looking for the opportunity to gain free bets. Bookmakers often offer the chance to earn free bets by signing up for an account with them. Of course, this is a way of enticing new members to join them. By using the free bets in the normal way you will give yourself a chance of winning some extra money. However, by following our advice and using matched betting techniques, you could make an expected profit from the Betbright free bet instead.
What is Matched Betting?
If you have never heard of matched betting before, here are the basics that you need to know. Matched betting is a way of earning an extra income online, with a strategy that allows you to take advantage of bookmaker offers and make an expected profit. Matched betting is certainly legitimate and any money that you make is tax-free.
Matched betting is possible due to the fact that bookmakers give away a huge amount of free bets in order to attract new customers to their website and to keep their existing customers placing more bets.
The way you can profit is through the use of both bookmakers and betting exchanges to cover all outcomes of an event. You will be using the bookmaker site to back a selection to win, while using a betting exchange to back a selection NOT to win. With the help of our matched betting calculator, a clever formula will work out all of the necessary stakes. As all possible outcomes are covered, you could make an expected profit from every free bet, just by following the simple steps in the premium section of MatchedBets.com.
Matched betting in its simplest form is pretty much a four step process, turning a sign up offer into an expected profit.
- Open an account: You will need an account with the necessary bookmaker and a betting exchange such as Betfair or Smarkets.
- Find a match for your qualifying bet: With the help of our Odds Matcher tool, this will only take a few seconds.
- Place your qualifying bet: Simply place a back bet with the bookie and lay bet with the exchange so that it costs next to nothing to claim the free bet.
- Use your free bet to make an expected profit: Repeat the same back and lay strategy, this time using the free bet stake. You should come out with a profit of around 80% of the free bet value.
Bookmaker Betbright list a very good sign up offer that can be used to make an expected profit through matched betting.
Who are Betbright?
Betbright are an Irish bookmaker that are dedicated to online betting, and have become one of the key players in the field since their launch back in 2013. They are owned by Irish mobile social gaming company Dedsert (Ireland) Limited. They aim to make online gambling more fun by ‘getting rid of all of the things that people find annoying’.
Avoiding complex and confusing betting jargon is a key approach for them too, making sure to always explain things in a way both beginners and experienced bettors can understand.
As well as the desktop, you can access the website via mobile apps for iOS and Android devices. There are a good amount of sports and markets to bet on, as well as having such excellent features like live video streaming from BBTV.
On the whole though, for us as matched bettors the most important feature on the website is the Betbright free bet offers.
Betbright Free Bet
If you have not yet signed up for an account with Betbright, you will be able to benefit from the welcome offer. Essentially, all you need to do is make a deposit of £100 and place a £100 bet, then if your bet loses you will receive 50% of your stake back as a free bet.
In order to make an expected profit, it is a case of leveraging the value of the free bet against the potential profit. There is no need to worry though as it is not too complex. The matched betting calculator will do most of the work for you. Our step by step guide in the premium section of MatchedBets.com will talk you through everything you need to know.
Once signed up, the next step is to find a qualifying bet using the Odds Matcher. This qualifying bet has to be placed within four days of your account being opened and it must settle within 21 days. With this offer, you will only get a free bet if the qualifying bet loses. Since you only get 50% of the deposit amount, you have to place two separate lay bets, using different settings on the calculator.
The first bet will be with the ‘Normal Bet’ feature on the calculator, with the second being ‘Freebet on Loss’. If your bet wins with the bookmaker you should make a profit and are done with this offer. If your bet with the bookmaker loses and thus your exchange bet wins, you will receive a free bet which can be used to make an expected profit.
As well as the sign up offer, Betbright also list a few other offers that could be used to make a potential profit.
Best Odds Guaranteed
Best Odds Guaranteed is offered by Betbright, and it is available on all UK and Irish horse racing every single day. Best Odds Guaranteed means that if you have taken a price on a horse and the Starting Price (SP) drifts out to bigger odds than you originally took and the horse wins, you will be paid out at the bigger odds. If the Starting Price odds shorten, your bet will be unaffected. Whichever is the better price between the price taken and the SP is the price you will be given.
This offer can add large amounts of profit to your bets, and it is also easy to claim. When matched betting, Best Odds Guaranteed can be extremely profitable if things go your way. By backing and laying a selection, if the Starting Price odds increase, you could see a bigger win if your bet with the bookmaker wins.
As well as this offer, Betbright also list other promotions at different times. These include Money Back if 2nd by less than a length for selected horse races, as well as a selection of free bet refund offers, such as 20% of all in-play net losses back as a free bet.
For every offer that can potentially be turned into a profit through matched betting, MatchedBets.com will list a step by step guide showing you exactly what you need to do in order to be successful.