Extracting profit from a Free Bet at the Exchange
So how do you go about extracting a profit when you have a free bet in the exchange?
We have a free £20 bet at the Exchange, so lets say we back Team A at the Bookie @ 2.00. If we lay this with the free bet at the exchange, then a win at the Bookieis all profit. However if your lay bet wins, then you have lost the stake at the Bookie but not made enough to cover that loss in the Exchange (unless you found an ARB), but even then the profit will be very little.
Is there a way of locking in a profit from such a free bet?
Either back at the exchange and lay at another exchange, or dutch with another bookie(s) to cover all outcomes.
Originally Posted by OldMan