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You almost always have to place a bet on sports with your own money before being given a free bet on sports token (e.g. bet on sports £25, get a free bet on sports of £25).

Many, not all, companies keep the stake they gave you (the value of your 'token') and only allow you to keep the winnings.

So, many punters would lose their own money in the first bet on sports and then go on to lose their free stake too! If you punt your free bet on sports on a virtual certainty the odds will be so low that once they take their stake back you'll come out with hardly any winnings (1p in your first example). Of course some lucky people will win, that's the element of chance for you.

The beginner's guide to horse racing is just that, for horse racing beginners and not for people who don't understand matched bet on sports to begin with but that's already explained in the opening post of the horse racing thread anyway: "If you are not absolutely confident that you understand matched bet on sports and that you can use the spreadsheet, back and lay a bet on sports quickly and correctly then I would advise you not to touch it (horseracing) with a bargepole."

Once you've read the introduction you'll realise that it just doesn't work like your first post may infer. Plain and simply, we don't really want to just suck as much money as possible out of the bookies. That would be similar to cutting a tree down to get at the apples. It's much more valuable for us to make sure that bookies keep giving out offers which we can take advantage of, and that are ideally beneficial to them as well.

The bookies are never going to like us, but so long as we behave reasonably like general (mug) punters, they're not going to be able to get rid of us. This doesn't always work out for us, but we'll take advantage while we can!

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U-Win would like to thank Jon Don for this great article

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