This is especially the case if an underdog wins a popular game that people bet on- one event can cost you thousands. Luckily, successful bookies can make anywhere fromR$5000-$10,000 in a single week.

A sportsbook agent (or bookie) is responsible for a variety of things that allow sports betting platforms to function. The main thing sportsbook agents do is collect payments from players and distribute winnings. They also keep a record of all bets placed and odds, preventing mistakes from happening.

When a free bet wins, your sportsbook will only give you the profit from the wager and not the stake. This is known in the industry as a Stake Not Returned (SNR) free bet.

It's best to place a free bet at high odds due to the free bet stake not being returned, and this will allow you to maximise your profit. Bear in mind that the higher the odds, the larger your lay bet liability will be.