£30 free cash from Bethilo - Spread Betting Explained
BetHiLo are offering £30 cash into your account if you sign up today. This spread betting bookmaker is offering this cash alongside a £10 cash back offer if your first bet loses. So, what's the catch?
The £30 cash qualifying stipulation is 5 sports bets, each of which must have the potential to win and lose £5 or more and be placed on separate markets.
The losing bet refund only applies to the first settled losing bet and then only a maximum of £10 will be refunded. Unless otherwise stated, closing, partially closing and virtual games bets will not count towards qualifying bets. When you have qualified, call Customer Services on 08000 72 40 40 between 8am and 11pm, Monday to Sunday to claim your cash and/or losing free bet refund. The £30 cash or the free bet refund will be credited to your account by 2pm the next working day.
Got that? Right, let's talk spread betting...
Spread betting is all about risk - how much risk are you prepared to take. Let's look at cricket, for example - where a lot of spread betting takes place. One man in form is Graham Napier - at least in the Twenty20 Cup cricket. So you would be looking at Essex to hit quite a few sixes at the Rose Bowl. Wouldn't you? Well, BetHiLo are offering a spread of 6.5 to 7.5.
What does this mean? Well, they're saying that they think there will around 7 sixes hit by Essex at the Rose Bowl today. All day. With Graham Napier around, there might be quite a few more than 7 - so I would personally go for "Higher than 7.5", and not "Lower than 6.5", which are my only two options.
If I put £5 on "Higher than 7.5", then BetHiLo will give me my potential winnings, and my maximum risk. Of course, the maximum risk is that there are NO sixes (in which case, I'm up pooh creek), and I would have to shell out £37.50. The most I can win is £100.
Let's take another example. Fulham, if they get their hands on Everton's Andy Johnson, are going to have a better season than they did last time. They have a decent manager in place, they've sorted a few things out and I like the look of Brede Hangeland at the back. They also won't be hampered by the dodgy start they got last time - so the spread of 37.5 - 39 offered by BetHiLo looks a little low.
If I put £5 on "Higher than 39", then my maximum risk and maximum earnings are both £100 (capped at x20). For each point over 39, I get £5. For each point under 39, I lose £5. The chances that Fulham won't reach the 40 point mark are not quite as slim as Kate Moss, but I'm taking that risk - they are a better side than last year, and they've learned how to scrap. There's also a large amount of dross at the bottom, so they should pick up points.
The great thing about BetHiLo is that there is a wide range of markets - and for each market, all of the points systems are explained. You enter your stake and your maximum risk and earnings are highlighted.
So, no need to wait any longer - now you know how to play with BetHiLo, open an account today and get your £30 free bet offer with £10 back if your first bet loses.
published: 26th July 2008 by Free Bet Bookmaker
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