Type 4: First Deposit/Bet Bonus
Ease To Complete
These are usually quicker to clear than Type 3 though longer than Type 4. Additionally, for the larger offers you will require require relative large amounts to be laid off on the exchange, therefore commence the offers only once you have the required bankroll (stated in each offer). However, these are very profitable (in particular Bet365 offer) and is completely risk free profit so well worth completing.
These are promoted by high profile bookmakers, most notably Bet365.
How It Works
The bookmaker gives you a 'bonus' once you have made your first deposit or first bet (depending on the particular bookmaker). The £ amount of bonus added to your balance depends on the £ amount of your first deposit or first bet, usually it is 50% or 100% (doubling your balance). In order to withdraw the bonus you are set a £ target amount ('wagering requirement') that you need to bet in total. This amount is usually 3 to 6 times the amount of the bonus e.g. if you are given £50 bonus, you will need to wager £150 to £300 in total bets until you can withdraw the bonus.
How We Profit Risk Free
Once we have triggered the bonus by placing our first deposit or first bet, we simply lay off on the exchange all future bets, finding the close, high profile games as normal, until we have reached the wagering requirement. This means the very small loss we incur with each bet we lay off is far less than the bonus we can withdraw (once the wagering requirement is met).
However, if you keep winning in the bookmaker, this can mean you need a large amount in your exchange account in order to keep laying off bets, because you can't withdraw your bookmaker winnings until you reach the wagering requirement.
In an ideal situation, we will lose our initial bet(s) placed in the bookmaker and win our bets placed in the exchange. This effectively moves the 'bonus' from the bookmaker to the exchange, where we do not have the wagering requirements to complete, meaning we no longer need to continue betting in the bookmaker to meet their wagering requirement.
We provide clear guidance for each offer in the individual bookmaker guides and these are very profitable offers, the Bet365 in particular gives outstanding, risk free profit.