With the Euro 2016 tournament in full-swing, punters are looking to make big scores. The Euro 2016 serves as the second most significant football tournament in the world and as a great preview for the World Cup that is scheduled for 2018 in Russia. With defending champion Spain expected to make a great run in defense of it’s title, other top teams from England, Germany and France are expected to provide significant competition for the champs.
Wagering on Euro 2016 Matches
Each of the teams participating in the Euro 2016 is represented by the best football players from its respective countries. As such, the competition figures to close and fierce. This gives punters to opportunity to look for good prices on good teams. From that point on, it’s just a matter of finding the right wagering strategy and turning those good prices into a significant bankroll.
Bet Matching – Euro 2016
Given the availability of solid prices across the board, Euro 2016 is a good place to employ bet matching techniques, specifically matched betting as it relates to “bonus bagging.” As the world’s top sportsbooks roll out free bet offers in conjunction with the Euro 2016, punters can use these matches to fulfill the requisite qualifying bet requirements associated with earning the right to claim free bets. The following matched betting tips should serve as a good matched betting tutorial for novice punters.
Matched Betting Tutorial for the Euro 2016
The following matched betting tips will provide you with a roadmap to those great free bet offers being advertised on the Internet by the world’s top online sportsbooks. Before you begin the process of employing these matched betting techniques, you will need to open two separate wagering accounts. The first one should be with a new online bookmaker that is advertising a significant free bet offer based on you making a qualifying bet. The second account needs to be established with a reputable betting exchange like Betfair.
For this example of the matched betting process, we will use one of the current free bet offers being advertised by one of the top online bookmakers in the world: You will be eligible to receive up to $200 in free bets based on placing a qualifying bet of equal value on a side or event that carries a wagering price of +150 or more.
Using this promotion, you will want to maximize your free bet allocation by placing a qualifying wager of $200. Note: Prior to accepting this offer, you want to make sure you read all the terms and conditions in order to avoid any confusion.
The process beings by you selecting a match you want to wager on. We’ll assume it’s the match between TEAM A and TEAM B. We’ll further assume you want to back TEAM A, which has a listed price of +300 for the win. In your regular wagering account with the bookmaker, you will place a $200 “back bet” on TEAM A at +300. Once the wager has been accepted, you will immediately go to your betting exchange account and place a “lay bet” offer on TEAM A at let’s say a price of +290. Assuming the offer is accepted, here’s how the possible results will come back.
If TEAM A wins, you will collect $600 (2 X $300) in your wagering account and pay out $580 (2 X 290) in your betting exchange account. That leaves you with a profit of $20, plus $200 in free bets from your bookmaker.
If TEAM A loses or ties, you lose $200 with your bookmaker, but collect $190 ($200 stake minus a 5% commission paid to betting exchange) from your betting exchange account. That’s an insignificant loss of $10, but you also get $200 in free bets from your bookmaker.
As you can see, you earn the right to $200 in free bets for little to no risk. If you can imagine doing this with several bookmakers at the same time, you will immediately recognize the potential to build up a significant bankroll on someone’s else’s dime. As a punter, your responsibility is to find every wagering advantage you can get and exploit it.