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 William Hill. If a horse that we back comes second in any Channel 4 race then Hills 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 3.50 Newmarket 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 Slade Power at odds of 5/2 to win the 3.50. 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 Slade Power at odds as close to 5/2 as we can get. I managed to actually get matched at 5/2 (3.50) on Betfair so this is what happens.
My profit in my William Hill account is £62.50 should Slade Power go onto win. My liability in Betfair is also £62.50 so if Slade Power does win I have come out at break even.
If Slade Power comes in in second place I will lose my £25.00 stake with William Hill but return £23.75p (- 5% commission) in my Betfair account meaning that overall I am £1.25 down. Of course I will now have a free bet which we’ll get too in a minute. If Slade Power can manage only 3rd place or worse then we are just simply £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 😉
The favourite coming second, generally speaking happens between 25% and 35% of the time. In odds that is between 3/1 and 15/8. Let’s go with the higher odds there and say 3/1. Now overall we are risking £1.25 or thereabouts on every trade. When we do get the free bet we are trading this out for a profit of between £17 and £22 dependent on odds.
So this means that we are at the lower figure getting just over 12/1 for something that should be around 3/1. We might not win every trade but we have a SIGNIFICANT edge in the market and this is where we secure our long term profits.
Betting Bounty members have a whopping 10 trades for today plus a weekend of World Cup football where bookmakers like to hand out even more free bets. It’s going to be a busy weekend!