Betting Websites - Free And Bonus Betting Offers

[SJ17]

Just got an email from betfair saying they will have cash back to 2nd markets. Interesting

 

[themidlandmaster]

Any ideas for how to use the Betfair cash back 2nd market?

I don't think it helps with the bonus bet farming for 2nd and 3rd,since if the horse runs 2nd you get your bonus bet but no win on Betfair

 

[Reveen]

NEW TO BETFAIR: ‘CASH BACK 2ND’ MARKETS
Introducing Betfair’s latest addition to our racing market offering – ‘Cash Back 2nd’ markets. In this article, we’ll delve into what these markets are, and what to expect.
What Are ‘Cash Back 2nd’ Markets?
Betfair has introduced ‘Cash Back 2nd’ markets, which are an exciting addition to the standard offering, including Win, Place, Head to Head, Exacta, and Quinella. These markets will be available on selected greyhound and thoroughbred race meetings, and will be available on race day. Navigate to the ‘Cash Back 2nd’ tab within the race view where available, to place bets.
Just like the traditional ‘Win’ market – in ‘Cash Back 2nd’ markets, Exchange users back or lay a selection to win the race. Here’s where the ‘Cash Back 2nd’ mechanism comes into play- when the race concludes, all bets matched on the runner/s finishing in 2nd place will be voided, with stake/liability refunded in full to customer accounts, as ‘available to bet/withdraw’ funds. This applies to both back and lay bets. In essence, this feature acts as a safety net for those backers who were close to victory, but ended up in 2nd place.
To account for the safety net of ‘Cash Back 2nd’ provided to backers of a selection, with the voiding of bets on the 2nd-placed finisher, market prices are likely to differ from those seen in the traditional ‘Win’ market. This difference in price also provides an opportunity for lay bettors, looking to lay a selection at a different (lesser) price than what’s available in the traditional ‘Win’ market.
Where a late scratching occurs after the market has been loaded, the market will be voided in full.
In conclusion, ‘Cash Back 2nd’ markets are an exciting and welcome addition to the Betfair Exchange. They offer a unique and exciting way to bet on greyhound and thoroughbred races, with the built-in safety net for those who back a runner that finishes 2nd. So, next time you’re looking to place a bet, consider giving these markets a try.

 

[Reveen]

NEW TO BETFAIR: ‘CASH BACK 2ND’ MARKETS


Introducing Betfair’s latest addition to our racing market offering – ‘Cash Back 2nd’ markets. In this article, we’ll delve into what these markets are, and what to expect.


What Are ‘Cash Back 2nd’ Markets?


Betfair has introduced ‘Cash Back 2nd’ markets, which are an exciting addition to the standard offering, including Win, Place, Head to Head, Exacta, and Quinella. These markets will be available on selected greyhound and thoroughbred race meetings, and will be available on race day. Navigate to the ‘Cash Back 2nd’ tab within the race view where available, to place bets.


Just like the traditional ‘Win’ market – in ‘Cash Back 2nd’ markets, Exchange users back or lay a selection to win the race. Here’s where the ‘Cash Back 2nd’ mechanism comes into play- when the race concludes, all bets matched on the runner/s finishing in 2nd place will be voided, with stake/liability refunded in full to customer accounts, as ‘available to bet/withdraw’ funds. This applies to both back and lay bets. In essence, this feature acts as a safety net for those backers who were close to victory, but ended up in 2nd place.


To account for the safety net of ‘Cash Back 2nd’ provided to backers of a selection, with the voiding of bets on the 2nd-placed finisher, market prices are likely to differ from those seen in the traditional ‘Win’ market. This difference in price also provides an opportunity for lay bettors, looking to lay a selection at a different (lesser) price than what’s available in the traditional ‘Win’ market.


Where a late scratching occurs after the market has been loaded, the market will be voided in full.


In conclusion, ‘Cash Back 2nd’ markets are an exciting and welcome addition to the Betfair Exchange. They offer a unique and exciting way to bet on greyhound and thoroughbred races, with the built-in safety net for those who back a runner that finishes 2nd. So, next time you’re looking to place a bet, consider giving these markets a try.

 

[dtm06]

Any ideas for how to use the Betfair cash back 2nd market?

I don't think it helps with the bonus bet farming for 2nd and 3rd,since if the horse runs 2nd you get your bonus bet but no win on Betfair

Yeah don't think this works all that well for 2nd/ 3rd BB back farming. Depending on liquidity, if you're happy to just have 3rd as your 'profit' position with those promos it may end up being a bit cheaper per bet, but i doubt there'll be much value there over doing it normally.

I think the big hope here though is that bookies are pressured into upping their racing promo offers. Can't really make a case for 2nd BB promos now, which so many of the smaller guys do. Has to be at least 2nd+3rd BB, or just don't offer it imo.

 

[X_box_X]

TAB multiplier.

Anyone with experience here? A brief read explains that you can use one per day on fixed odds and it will randomly increase your odds between 0.2 and 500%.

What is the percentage breakdown of these? How often do you increase your odds by even 50%? I can imagine the majority of these 'random' multiplies will increase odds by 10% or less.

 

[X_box_X]

Back about ten years ago or so there was a Betfair scam going around whereby an (investment) /tipster company would ask for your Betfair login details to place bets on your behalf. Many folks fell for it and gave there login details. The offenders would thereby place bets on your account once logged in and lay the same outcome on a different account.Starting with say a $500 balance they would place a $50 bet, if it won all looked good the fake customer would be happy, go again place another bet. Next time would be double confidence higher stake lol or if it lost would be double stake and I bit more to cover our last losses. Once they had hold of the account they had access to all the person's details like email, address, in the person's account information including withdrawal methods, which back then included Moneybookers/Skrill, Neteller and PayPal. If your bets kept loosing they would clean out your account with no trail, if they kept losing they would up bets or just change email and withdraw via one of the above mentioned portals once they changed email to correlate with the withdrawal method. Most like Skrill/PayPal process almost instant so by the time the so called client learned there account was emptied, it was too late the funds were gone. This bet365 someone else placing bets reeks of that kind of scam.

I almost fell victim to this. It sounded so convincing.

Wasn't it a Vlahos scam?

I actually didn't realise this was such a prevalent scam until 2-3 years ago. As you said, this was about 10 or years ago.

Any idea how they would have got access to my ph. Nom?

 

[Lemons4321]

TAB multiplier.

Anyone with experience here? A brief read explains that you can use one per day on fixed odds and it will randomly increase your odds between 0.2 and 500%.

What is the percentage breakdown of these? How often do you increase your odds by even 50%? I can imagine the majority of these 'random' multiplies will increase odds by 10% or less.

its pretty much always like 1.02 lol ive had 5 times once in my life did not win lol

 

[Lemons4321]

Whats the go with bookmakers these days. Back in the day used to get bonus deposit matches everywhere and it would be min 50%.
Now seems like the best you can get is 20 maybe 30% its pathetic? I thought with all the bookmakers out there they would be more incentive to try and give more to get clients?

Always neds used to be real good like they would give me 50% on 5k and such get dirt sandwiches from them now.

Every wed n friday would get text message bonus match others from a bunch of bookies i dunno what happen.

Im pretty sure im a loser too...

 

[X_box_X]

its pretty much always like 1.02 lol ive had 5 times once in my life did not win lol

Yeah, I tried this to see how much it would give me. Effectively boosting the odds from $2.80 to $2.94 which is inferior to what most books offer you with a daily Price Boost.



I won't be trying this again unless someone produces some stats that makes it worthwhile. I mean, if someone could convince me the average price boost is 1.2x fixed odds, I'd be more inclined to activate the multiplier each day.

 

[Jugada]

If you use Ladbrokes or Neds regularly just go on their live chat and ask their bot for a matched deposit. I used to get multiple a day for awhile. Have had multiple weekends where they have literally given like $5k worth of reload bonuses over a few days.

I've since been cut off for promos but was the easiest money

 

[Lemons4321]

If you use Ladbrokes or Neds regularly just go on their live chat and ask their bot for a matched deposit. I used to get multiple a day for awhile. Have had multiple weekends where they have literally given like $5k worth of reload bonuses over a few days.

I've since been cut off for promos but was the easiest money

Thats what it used to be for me...

I get shit for last 12-18 months lately seems to be only once a week usually on a Monday i will get like 50% on $150.

 

[Jugada]

Thats what it used to be for me...

I get s**t for last 12-18 months lately seems to be only once a week usually on a Monday i will get like 50% on $150.

They're definitely on some sort of exploitable loop depending on recent deposits or turnover. By the end I could deposit 400 for a 300 bonus 6 or 7 times a day over a weekend. By the time Monday came around I had been cut off

 

[sk1001]

Any ideas for how to use the Betfair cash back 2nd market?

I don't think it helps with the bonus bet farming for 2nd and 3rd,since if the horse runs 2nd you get your bonus bet but no win on Betfair

I would expect the odds to be different to the 'normal' win market?

Else you would back a runner on your 'traditional' MB23 bookie and then lay it on the betfair cashback 2nd market and hope the runner comes 2nd and claim bonuses on both sides?

 

[dtm06]

I would expect the odds to be different to the 'normal' win market?

Else you would back a runner on your 'traditional' MB23 bookie and then lay it on the betfair cashback 2nd market and hope the runner comes 2nd and claim bonuses on both sides?

The way I read it is:

Horse comes 1st - Bookie win, BF loss
Horse comes 2nd - Bookie BB, BF Money back.
Horse comes 3rd - Bookie BB, BF win.

So third becomes the only profitable scenario I think.

And yeah, has to be at lower odds otherwise you’d just back a horse in the new BF market and lay it in the traditional one for a lot of profit if the horse comes 2nd.

 

[X_box_X]

Whats the go with bookmakers these days. Back in the day used to get bonus deposit matches everywhere and it would be min 50%.
Now seems like the best you can get is 20 maybe 30% its pathetic? I thought with all the bookmakers out there they would be more incentive to try and give more to get clients?

Always neds used to be real good like they would give me 50% on 5k and such get dirt sandwiches from them now.

Every wed n friday would get text message bonus match others from a bunch of bookies i dunno what happen.

Im pretty sure im a loser too...

Never allow a bookmaker to offer you a deposit bonus unless they give you a cer

The way I read it is:

Horse comes 1st - Bookie win, BF loss
Horse comes 2nd - Bookie BB, BF Money back.
Horse comes 3rd - Bookie BB, BF win.

So third becomes the only profitable scenario I think.

And yeah, has to be at lower odds otherwise you’d just back a horse in the new BF market and lay it in the traditional one for a lot of profit if the horse comes 2nd.

Horse coming second would be a loss with the bookie. You are forgetting that important detail.

Effectively a $50 LOSS only softened by the $50 BB which on average you would turn into $42.

I haven't been following but what's the liquidity like in these markets?

 

[dtm06]

Never allow a bookmaker to offer you a deposit bonus unless they give you a cer

Horse coming second would be a loss with the bookie. You are forgetting that important detail.

Effectively a $50 LOSS only softened by the $50 BB which on average you would turn into $42.

I haven't been following but what's the liquidity like in these markets?

Nah I realise that, thus why i say BB back and that 3rd is the only profitable scenario. Liquidity will be interesting to keep an eye on this weekend. I have doubts it'll be large.

 

[X_box_X]

I think I've got my head around it, and it's a great introduction for BB scalping.

In normal circumstances, let's assume money back for second and third.

If using Betfair to lay to lessen the impact of short term losses:

$50 on the favourite to win at $2.60 w Bookmaker
LAY $44 at $3

With this scenario, the one we're all used to when using the normal 'to win' market, you're risking about $8 in the hope of finishing second or third. Effectively you're going to profit $34 after you turn your $50 BB into $42 (on average). This means you need to finish 2nd or 3rd slightly less than 25% of the time, which is why I only recommend attacking these promos with fields of eight or less.

MONEY BACK FOR SECOND - WHAT CHANGES?

Using the same example as above:

$50 on the favourite to win at $2.60 w Bookmaker
LAY $61 at $2.20 w Betfair (This is an estimate of what the odds may be, assuming it's paying $3 in the 'to win' market).

Favourite wins = $6.80 PROFIT
Favourite second = $50 LOSS + $50 BB (Average overall loss of $8)
Favourite third = $7 PROFIT + $50 BB (Average overall profit of $49)
Favourite fails to place = $7 PROFIT

The new addition of MONEY BACK FOR SECOND is going to be more profitable. The other reason this is the case is whenever your lay bet with Betfair is successful, you obviously get charged commission. In money back for second, if your horse finishes second, you simply get your money back without being charged commission while pocketing your $50 BB.

 

[mountainsman]

TAB multiplier.

Anyone with experience here? A brief read explains that you can use one per day on fixed odds and it will randomly increase your odds between 0.2 and 500%.

What is the percentage breakdown of these? How often do you increase your odds by even 50%? I can imagine the majority of these 'random' multiplies will increase odds by 10% or less.

I have a theory the more you use it the crappier the multiplier and maybe opposite true.

Friend of mine didn't know about it & used it for the first time. Got 300%. Either lucky or due to its power multiplying it over time.

 

[X_box_X]

I have a theory the more you use it the crappier the multiplier and maybe opposite true.

Friend of mine didn't know about it & used it for the first time. Got 300%. Either lucky or due to its power multiplying it over time.

Cheers for sharing. Keen on other experiences.

 

[dtm06]

I think I've got my head around it, and it's a great introduction for BB scalping.

In normal circumstances, let's assume money back for second and third.

If using Betfair to lay to lessen the impact of short term losses:

$50 on the favourite to win at $2.60 w Bookmaker
LAY $44 at $3

With this scenario, the one we're all used to when using the normal 'to win' market, you're risking about $8 in the hope of finishing second or third. Effectively you're going to profit $34 after you turn your $50 BB into $42 (on average). This means you need to finish 2nd or 3rd slightly less than 25% of the time, which is why I only recommend attacking these promos with fields of eight or less.

MONEY BACK FOR SECOND - WHAT CHANGES?

Using the same example as above:

$50 on the favourite to win at $2.60 w Bookmaker
LAY $61 at $2.20 w Betfair (This is an estimate of what the odds may be, assuming it's paying $3 in the 'to win' market).

Favourite wins = $6.80 PROFIT
Favourite second = $50 LOSS + $50 BB (Average overall loss of $8)
Favourite third = $7 PROFIT + $50 BB (Average overall profit of $49)
Favourite fails to place = $7 PROFIT

The new addition of MONEY BACK FOR SECOND is going to be more profitable. The other reason this is the case is whenever your lay bet with Betfair is successful, you obviously get charged commission. In money back for second, if your horse finishes second, you simply get your money back without being charged commission while pocketing your $50 BB.

Good explanation, just need your main assumption of Betfair's prices to be correct.

And where does $42 back from Bonus bets come from? Is it your average, coz well played if it is! Like, i get aiming for $40 at 80% on a $50 BB, just haven't heard something as exact as 84% before.

 

[Hamingja]

Cheers for sharing. Keen on other experiences.

Most of the time it is 1.02, 1.05, 1.08 or 1.10. I would say anecdotally that they will give you a better multiplier over time on longer odds.

 

[X_box_X]

Good explanation, just need your main assumption of Betfair's prices to be correct.

And where does $42 back from Bonus bets come from? Is it your average, coz well played if it is! Like, i get aiming for $40 at 80% on a $50 BB, just haven't heard something as exact as 84% before.

Where does 80% come from? $1.86 lines?

42% is being cautious and comes from $1.89 lines (89%) minus the 5% commission (84%). Equals $84 return for a $100 BB.

You should be aiming for higher than that which can often be achieved when backing long priced sports fixed odds with only 5% such as first goal scorer or anytime try scorer bets. Quite often you will find a fixed prices equal to or better than the Betfair lay price with these exotic sports market, so your return on a $50 BB is going to be closer to $50 if you can be bothered searching.

 

[dtm06]

Where does 80% come from? $1.86 lines?

42% is being cautious and comes from $1.89 lines (89%) minus the 5% commission (84%). Equals $84 return for a $100 BB.

You should be aiming for higher than that which can often be achieved when backing long priced sports fixed odds with only 5% such as first goal scorer or anytime try scorer bets. Quite often you will find a fixed prices equal to or better than the Betfair lay price with these exotic sports market, so your return on a $50 BB is going to be closer to $50 if you can be bothered searching.

80% is a pretty common rule of thumb as the minimum you'd want back from a Bonus bet. It's not based on anything as far as I'm aware other than being pretty achievable, round number. Just had never heard 84% before that's all so was curious.

And it also depends on the bookie as well. Some just have horrible odds and markets so you have to accept a bit less, whereas the bigger places you should be looking at over 90% pretty easily if you know where to look. Batsman scoring over 50 was a great one in T20's until Topsport stopped offering the 'not to score 50' option. Would get a 95%+ option almost every match.

 

[mozz23]

Tab special