Saturday, 15th of June
There are three matches on today for Euro 2024 and to be honest, you could bet on any of them to get free bets and also to turn free bets into money. As you are starting out and getting used to this, I’ve picked the Hungary vs Switzerland one, mainly because the odds are pretty perfect for what we are trying to achieve. Ie. We’ve got the draw for our free bet and can quite possibly use Switzerland to bet on for our qualifying bet. We might want to bet with higher odds for our free bets once you get more comfortable with everything, but for now, you are learning the basics while earning and getting your accounts set up for Month 2.
Money Bet
Sport: Football -> Euro 2024
Who’s playing: Hungary vs Switzerland
Date: Saturday June 15
Time: 2pm UK time
Outcome: Draw
Back Bet: Bet on the Draw at the bookmaker (Bet with the bookmaker that your day # challenge says to bet with).
Lay Bet: Lay the Draw at the Bet Exchange on Hungary vs Switzerland
Decimal odds at the bet exchange will be about 3.40 (Give or take a bit either way, Ie. it might be a bit higher or lower than this) and remember that the bookmaker odds will nearly always be lower than your lay odds at the bet exchange.
Note that if you feel comfortable, then there is a good chance that you will be able to place your money bet on Switzerland winning, as long as the odds at the time are above the minimum odds required to qualify for your bookmaker’s offer. Ie. If you need to place your first bet at odds of 1.50 or greater and the odds at the bookmaker for Switzerland to win, are greater than 1.50 then you could use this instead if you like. The benefit is that you don’t need as much money in your bet exchange account to place the lay bets at lower odds. At the time of writing this the odds for Switzerland to win are about 2.40 so you should be ok, but I know that odds can change a lot during these tournaments, and as you are just starting to learn how it all works, I wanted to explain all of this, bit by bit 🙂
For both the money bet and free bet – Use the Betting Calculator to determine the amount that you need to Lay to return the exact same amount. Go back to your training in the Getting Started lesson if you need to go over this again.
Free Bet
Your free bet should have arrived from yesterday’s money bet (If you did one) with a bit of luck, so you can now place that free bet and make some money! Note that if it hasn’t arrived in your account after your money bet has been “Settled” (Ie. the event taking place), then give it several hours or so before contacting the bookmakers’ live chat and asking where your free bet is. This can happen sometimes, so just be aware.
Sport: Football -> Euro 2024
Who’s playing: Hungary vs Switzerland
Date: Saturday June 15
Time: 2pm UK time
Outcome: Draw
Back Bet: Bet on the Draw at the bookmaker (Bet with the bookmaker that your day # challenge says to bet with).
Lay Bet: Lay the Draw at the Bet Exchange on Hungary vs Switzerland
Just to keep things nice and simple, I’ll often be recommending to use the same match/event/outcome to bet on with your free bets. By all means, you can bet on any match/event/outcome as soon as you feel comfortable in doing so. We are just using events to turn our free bets into money… Just remember that the higher and tighter the back and lay odds, the higher the profits are from your free bets (But you need more money in your bet exchange account to cover that higher liability).
The bookmaker you use will depend on which day # you are currently doing. We recommend doing 1 day, per day. Ie. 1 money bet and 1 free bet maximum per day, until you are comfortable with doing more. Go back to the “Let’s go” lesson if you need to remind yourself of how this all works and see full details in the “Getting Started” lesson.
