Day 7

I decided that today I would go after some free-bets on offer on the Ladbrokes website, as today was the last day to take advantage of the promotion available for all new customers. They were offering £100 worth of free-bets, you have to bet £10 every week to receive a free £10 stake-not-returned bet, up to a maximum of 10 free bets.

I joined Ladbrokes via the Betrescue website, and in the process earned £10 cashback (had to bet £20 to qualify for this). I placed my first bet (this one had to be £20 so I qualified for the Betrescue cashback) and I put this on a draw between Chelsea and Man City at odds of 3.5, laying this same bet at odds of 3.5 with an amount of 20.29.
This means I will lose 72p no matter what happens in the football match, but will have earned the £10 cashback and then a free bet. I have to wait for up to 7 days before the free-bet is given to me, so I will have to keep an eye on my account.

Because quite a large amount of my funds have been tied up at the moment in various online Bookmakers accounts, I’ve decided to go round each of them and request a withdrawal. It would probably take a few days to receive the money back onto my debit card, which shouldn’t be a problem. When taking advantage of all these Bookmakers in just 30 days and with just £100 its important that you are able to manage your cash well, keeping a record of all the accounts you have set up, etc. Withdrawing the money from my online accounts shouldn’t be a problem as I have followed their terms and conditions with the free bet amounts, and because I don’t need to use these accounts again I thought I might as well take my money.

If you ever find that you win your bet at an online-bookmaker when using a free-bet or a bonus, sometimes you will find that you have a set wager requirement before being able to withdraw this bonus money as your own.
Usually this requirement is set as a 3x wager before withdrawals can be processed, but this figure really depends on the Bookmaker you are using. It is extremely important that you read all terms and conditions of the bonuses before signing up to take advantage.
Another important note to take is that it is often best to try and bet on an unlikely event, which has odds of 5 or more. This means it is unlikely that your event will win at the bookies, and so you won’t have to worry about bonus-requirements (as your bet has lost) and then your amount at the Betting exchange (Betfair or Betdaq etc) will include the amount lost in the bet. Having a large amount at Betfair makes it far easier than ‘winning’ all the bets you make, because for every bet that wins you have to pay out the same amount at the Exchange.

Today’s free-bet earnings: £10 (waiting to receive)
Today’s cashback earnings: £9.28 (minus the 72p loss on the qualifying bet)
Today’s overall earnings: £19.28
Earnings so far: £211.28