What is a Ghost Leg?
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“POTENTIAL PROFIT” OR “POSITIVE EXPECTED VALUE +EV” OFFERS CAN LOSE YOU MONEY. BUT OVER THE LONG TERM, BASED ON MATHEMATICS AND PROBABILITY, YOU SHOULD EXPECT TO MAKE A PROFIT. PLEASE READ THIS POST TO MAKE SURE YOU UNDERSTAND POTENTIAL PROFIT OFFERS AND THAT YOU ARE COMFORTABLE WITH ALL OF THE ASSOCIATED RISKS.
Potential profit offers are very different to ‘traditional’ matched betting where we are mainly dealing with bookmakers sign up and reload offers. Potential profit offers are typically in the form of casino offers, but can also be associated with bookmaker offers, such as Bet365’s 2Up offer. OddsMonkey Premium members can read more on the offer here.
When an offer is highlighted as having ‘potential profit’, the expected value is in your favour. Probability suggests that over a period of time, you would expect to be in profit from this offer.
An example of this can be found with the Mecca Bingo offer highlighted below:
With this offer, when we wager £25, we get a £5 bonus. This can be repeated 3 times. So the offer could be described as: “Wager £25 and Get £5 Bonus” or “Wager £50 and Get £10 Bonus”, as well as the post title “Wager £75 and Get £15 Bonus”.
Understanding how the value of an offer is calculated is a great start. However, as this is a potential profit offer, you should understand that there is the potential to lose money. With each of these above offers you have the ‘potential’ to lose all of the money you stake. While this is highly unlikely, as casinos are generally randomly generated, anything is possible.
IF YOU FEEL YOU ARE STARTING TO ‘CHASE LOSSES’ OR BECOMING ADDICTED TO ANYTHING RELATED TO GAMBLING, PLEASE SEEK HELP. CLICK THE LINK BELOW TO BE DIRECTED TO OUR GUIDANCE POST ON WHERE YOU CAN GET SUPPORT.
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Matched betting is one of the best side hustles in the UK, and at OddsMonkey we have all the tools and resources you need to get started. Find out how you can easily turn bookmaker offers into tax free profits today.
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