Deposit and bet, then receive your free bet – (Standard Offer)
This is the most popular type of offer most bookmakers will offer. It is the bread and butter of the sign up offer world.
How does it work?
It is fairly simple, with this type of offer, we make a deposit and then place a qualifying bet of a certain amount. This also has to be above odds of a certain amount. For this type of bet we select ‘Qualifier’ on the Pure Profit Calculator, which then allows us to match our qualifying bet for a very small loss.
Once the bet has settled, the bookmaker will credit us with a free bet. We then can use our free bet to secure our guaranteed profit. The way we do this is to select ‘SNR’ also known as ‘Stake Not Returned’ on our Pure Profit Calculator, which then tells us the stakes we need to place, to turn our free bet into guaranteed risk free profit.
Refund if 1st bet loses – (Risk Free Offer)
This offer becomes more popular as you head into the more advanced offers, where certain bookmakers will offer a refund if our 1st bet with them loses.
How does it work?
For this type of offer we only receive a free bet if our 1st bet loses, so the best way to do these offers is to select ‘SNR’ also known as ‘Stake Not Returned’ on our opening bet with the bookmaker. The calculator will tell us to lower lay stakes slightly, which in turn will give us a slightly higher qualifying loss but means we are guaranteed to make profit either way. The reason being, although our 1st selection at higher odds is more likely to lose we will then still have qualified for our free bet. So the calculator allows for this and locks in the profit no matter what the outcome.
For example – £20 refund if our first bet loses
Our 1st bet
Back bet – England to win 2-0 @ 6.0
Lay bet – England NOT to win @ 6.1
If our back bet wins we would make an instant profit of £15.70.
If our lay bet wins we would make a qualifying loss of -£4.30 but would have a £25 free bet to come.
The free £25 bet is worth around 80% cash which means we would make £20 profit minus our -£4.30 qualifying loss meaning over overall profit would be £15.70 no matter what the outcome.
Bonus cash with a rollover required – (Rollover Offer)
A lot of bookmakers will credit us bonus cash once we have made an opening deposit. These offers are very simple to complete but can end up taking a lot more time depending on how much we need to wager to complete the rollover. We simply start matching ‘Qualifier’ bets using the Pure Profit calculator for small losses until we have completed the rollover requirements.
For Example – Bet365 Offer
With the Bet365 offer, we have to place a total of £1200 worth of bets before the £200 bonus turns into real cash and can be withdrawn. The stakes of these bets can be varied, but we must make sure the bets we are matching are all above the minimum odds required to count towards the rollover requirements. We select ‘Qualifier’ on the Pure Profit Calculator for all rollover offers.
There is always a chance that our bonus bet could lose and we will not need to complete the rollover requirements. This is obviously a lot better as it means less work and we make an instant profit. To increase the chances of this happening we can place our bonus bets at odds higher than the minimum odds required to increase the chances of the bet losing, which would enable us to skip the rollover. Although it is better and less time consuming for our bonus bet to lose, we don’t advise that the odds you use go much higher than 3.0 (2/1) as if it does win it can tie up a lot of your funds in the bookmaker accounts and make the rollover more difficult to complete if you have a smaller bank.