Strategy Library at Betclub
- The TopTrap Greyhound Profit And Loss Account On Betfair - March 17, 2022
- Betfair Best Execution – 11 Requested & Filled At 320 - January 16, 2022
- BTB System e-book - March 13, 2015
Have you ever seen free bet offers at the bookies and wondered whether there is a way to make money from them, or perhaps looked at games or casino offers and wondered if they are worth doing? At Betclub as well as an active forum we have a list of all the current offers for existing customers available for that day, complemented by a Strategy Library which aims to answer these questions.
Each of the categories in the library contains strategies, discussions and often videos describing how to make the best use of that particular type of offer. If there is anything you don’t understand or can’t find we have a live chat facility where we can answer your questions.
Examples from the Strategy Library:
Stake Not Returned (SNR)
Risk Category A, Risk Free
Many free bets return only the winnings if the bet wins, the bookie keeps the stake. So a winning £10 free bet at 6.0 (5-1) will result in your account being credited with £50. This means that you have to adjust the amount that you lay at the exchange in order to give you a guaranteed profit whether the free bet wins or loses. This is called underlaying.
Free bet calculating spreadsheets have a calculator programmed into them to calculate the required underlay to give equal returns for a winning and losing SNR free bet. For mathematical reasons it is better to choose higher odds for SNR free bets if possible, as the return falls off sharply for odds below about 6.0.
As a guide, the % return for a stake not returned will be approximately, (assuming the back and lay odds are the same):
50% at odds of 2
60% at odds of 2.63
70% at odds of 3.7
80% at odds of 6
90% at odds of 20
94% at odds of 100
The best way to see this is by using your calculator or spreadsheet. Just enter the figures to find out what the overall bets will cost and what the overall profits will be. Keep playing with various back/lay price until you find a combination that you are happy with in terms of outlay (i.e. liability on the exchange) and profit margin. Remember that laying at high odds requires a large amount of money in the exchange.
A reasonable return from a SNR free bet with no WR would be anything above about 75% of the free bet amount.
Risk Category F, Very high risk
Keno is one of the worst games in the casino with house edge varying from 4-30% depending on the software (Cryptologic and particularly Boss Media are very high and own brand softwares could be just as bad). The house edge and variance depend on how many numbers you choose.
The game is very similar to playing the lottery, where you choose numbers and win more money the more numbers you get right. Prizes for all correct can be very big for a small stake, but are extremely unlikely.
All numbers have identical chances of being chosen in a given game. The only strategy is to choose the number of picks with the highest return, which is different for different softwares. There is a table of these at the bottom of this page – be aware that when this table says 90% it means that for every £1 staked your expected return is 90p, NOT (as in the bonus returns tables on here) £90 from a £100 bonus over a WR. For the lowest house edge keno games you can expect to run into negative EV (less than 50% chance of gain) at somewhere around 25x wagering, the worse ones will become negative much quicker.
Keno should only be used for bonuses when there are no other options, and preferably only for no deposit ones.
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