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Supreme Choice Software -Free Money System
The Free Money System is a simple system that takes advantage of a Bookmakers Introductory offer of a free bet and returns a profit regardless of the event you are betting on.
| How the System came about | Revolution | How it all Works |
| Stage 1 | Stage 2 | Overall Profit |
| Help is at Hand | Live Example |
How the system came about
Since the introduction of online gambling bookmakers have tried enticing punters in with offers of Free Bets following an initial bet. However what they fail to advertise as well is the number of conditions that are required to qualify for and use the Free Bet such as Odds Greater than Evens (2.00) or Number of possible items Outcomes of an event greater than 2.
These subtle conditions swing the odds in favour of the bookies, greatly reducing your chances of walking away with a profit. I spent several years looking at ways of beating the odds (and the bookies) but must confess I had little or no luck. Then came the answer to every punters dreams.....
Revolution
The introduction of the Betfair betting exchange has revolutionised online gambling (I assume that anyone reading this is already familiar with Betfair, if not there are many sources available on the internet which explain in detail how a betting exchange works). Betfair gives you the ability to lay the outcome of an event and this forms the basis of how the system works.
How it all works
In order to use this system you will need:
- £100 Start up capital (Don't worry this money will not be at risk)
- A Betfair Account (If you haven't already got one, follow the link)
- An online bookmakers offering a free bet on registration. (Check out these Bookmakers)
- Around 30mins time
The Free Money System is split into 2 stages. Stage 1 of the system uses your initial deposit while Stage 2 uses your free bet. For the purpose of this example it will be assumed the bookmaker offer is Bet £25 to get a free £25 bet.
Stage 1
In this stage you will look to minimise the amount you lose on your initial £25 bet. If you are fortunate enough you will be able to make a small profit. The selection you decide upon is entirely up to you. The key is to look for an event where the Odds offered by the Bookmakers is as close as possible to (or greater than) the odds offered to lay the event happening on Betfair. In the following example I will use the decimal odds from the recent match between Cardiff and Sunderland
| Bookmakers - Back | Betfair - Lay | ||||
|---|---|---|---|---|---|
| Home Odds | Draw | Away Win | Home Odds | Draw | Away Win |
2.25 |
3.20 |
2.25 |
2.40 |
3.40 |
2.52 |
In the above scenario I would choose to Back Cardiff with the bookmakers and Lay them on the Betfair because the difference between the odds is only 0.15. To calculate how much the lay bet will be - use the following formula:
| LayStake = | (Bookmaker Back Odds * Stake) | / | (Layodds - Betfair Commission) |
(2.25 * 25) |
/ | (2.40 - 5%) |
|
£56.25 |
/ | 2.35 |
|
| LayStake = | £23.94 |
If Cardiff Win the Bet Returns- £56.25 (Back Return) - £33.41(Lay Liability) - £25 (Initial Stake) = -£2.26
If Sunderland Win or Match Drawn the Bet Returns- £23.94 (Lay Return) - 5%(Betfair Commission) - £25.00 (Initial Stake) = -£2.26
Stage 2
In this stage you will look to maximise the amount you win from your free £25 bet. Again the key is to look for an event where the Odds offered by the Bookmakers is as close as possible to (or greater than) the odds offered to lay the event happening on Betfair. Lay the longest odds you can afford as this will maximise your profits. For this example I will use the decimal odds from the recent match between PSV and Liverpool.
| Bookmakers - Back | Betfair - Lay | ||||
|---|---|---|---|---|---|
| Home Odds | Draw | Away Win | Home Odds | Draw | Away Win |
2.50 |
3.00 |
2.25 |
2.65 |
3.10 |
2.40 |
In the above scenario I would choose to Back the Draw with the bookmakers and Lay it on the Betfair because the difference between the odds is only 0.10. Before calculating the Lay bet you will need to check the Terms and conditions of the Free Bet. Most Bookmakers do not include the stake money in any winnings earned on the free bet so this will need to be a included in the calculation using the using the following formula:
| LayStake = | (Back Odds * Stake)-Stake Forfeit | / | (Layodds - Betfair Commission) |
(3.00 * £25.00)-£25.00 |
/ | (3.10 - 5%) |
|
£50.00 |
/ | 3.05 |
|
| LayStake = | £16.39 |
If Match is drawn the Bet Returns- £50.00 (Back Return) - £34.43(Lay Liability) = £15.57
If PSV or Liverpool the Bet Returns- £16.39 (Lay Return) - 5%(Betfair Commission) = £15.57
Overall Profit
Overall profit is calculated as follows:
Stage 1 Profit |
+ |
Stage 2 Profit |
= |
Overall Profit |
-£2.26 |
+ |
£15.57 |
= |
£13.31 |
Not Bad for little effort and absolutely no risk. This process can be repeated with any bookmaker that offers free bets
Help is at hand
It may look a little daunting at first but the more you use the calculation the easier it will become. I have created an excel spreadsheet to make this easier so feel free to email me if you would like a copy
Live Example
Each week I will try to provide a live example so that you can follow the process: