How To Maximise Profit
This guide explains how to maximise profit by keeping qualifying losses low and extracting the highest possible value from free bets using better odds.
How To Maximise Profit
Now that you've done several signup offers, you need to start making sure that you're making a decent profit from each offer as you go along.
For each sign up that you do, try to make sure that you're finding decent bets, particularly for the free bets.
A qualifying bet should lose at most 5% of the bet amount. So if you were placing a £50 qualifying bet, your maximum loss should be about £2.50. There are a few instances where it's ok to accept a higher loss, particularly when betting with bookmakers who are prone to banning (like Paddy Power).
For free bets, you should be aiming to make as close to 80% of the bet amount as possible. So for a £50 free bet, your target profit on the free bet element should be about £40. This won't be possible on every bookmaker, but the majority of the time you can get between 75% and 80% of the free bet amount. Usually the easiest way to increase your profit on the free bets is to go for higher odds. If you back and lay a £50 free bet with back odds of 6.8 and lay odds of 7, it makes £39.62 profit. If you did it at back odds of 3.9 and lay odds of 4, it makes only £34.87 profit. These differences do add up.
Get value from your free bets - don't waste them.