This is the partner article to “Earn Cashback on a Bet Which is Already Guaranteed to Win You Cash – The Icing on the Cake!” which discussed using cashback sites to obtain an additional cash boost to your winnings from the bookies. In this followup article we are going to look at the technique for guaranteeing that you make risk free cash using Vegus168 free bet offers.
The standard deal is you register with an online bookie and deposit some cash with them. After this you set a bet with them (usually for odds over 2.), once this really is settled you claim your free bet.
Just pursuing the above procedure would not guarantee you free cash. There is certainly another element that really must be included. This really is based on betting exchanges.
If you are unfamiliar with betting exchanges they are a relatively recent accessory for online betting that are presently extremely popular. Briefly, this involves patching two bettors together who have a desire for betting using one outcome of an event. An example might be for starters soccer team to conquer another.
If there were two bettors, Peter and Paul, who wanted to place a bet on the certain soccer team A beating another soccer team B then this betting exchange could patch them together. If Peter wanted to bet on team A beating team B but Paul desired to bet against team A beating team B then whoever bet on the correct outcome would receive money from your other. Peter will be taking the traditional role in betting for team A to win, similar to betting up against the bookie. On the other hand Paul could be betting against team A winning, ultimately using the bookie’s role.
Utilizing the position of betting against an event happening, including team A winning in the previous example, is called laying. This is what will permit us to guarantee that we win on each free bet that we receive from a web-based bookie – and there are many to make the most of. For each and every event we may wish to place two bets, a conventional bet using the bookie who may be providing the free bet as well as a lay bet having a betting exchange. I provides you with a good example to clarify this method.
Now, believe that Paul has just learned about matched betting and wants to give it a try. First he finds a bookie who may be offering a totally free bet. He then reads the stipulations from the free bet offer (essential – always browse the T&Cs). He discovers that to obtain the free bet he must first place a bet together with his own money for £25 he then will get a free bet of the same value when the qualifying bet has settled.
He finds, as an example, a football match where bookie is offering odds of 3. for team A to win the match and also the betting exchange offers 3.1 for team A not to win (i.e. for team A to lose or draw). Then he places £25 with this bet in the bookies and lays £24.59 at the betting exchange. This might seem like a strange amount to lay however, if you work it it will give exactly the same return on whatever outcome takes place in the match. Which is a loss in £1.64 whatever happens.
This looks like a bad start. Paul has just lost money and i also said this was a guaranteed method to win risk-free!
BUT, now we have now qualified for our free bet. So Paul’s next bet could have a significantly better outcome.
This time around he bets on player B to conquer player A at chances of 5. on the bookie and manages to have the same odds with the betting exchange. He uses his free £25 bet to put the bet at the bookies. He then works out that he must lay £20.20 in the betting exchange to ensure that whatever the end result he will win the identical amount.
Now the match finishes and that he has won £19.19. If we get rid of the £1.64 that Paul lost in qualifying for the free bet we have been left using a risk-free profit of £17.55.
Paul was quite satisfied with the £17.55 he had just won – especially as he had already earned £10 before he even placed the bet!
He or she is a frequent cashback site user and knew they offered free money for simply clicking on their links with other sites. He made a quick search for bookies offering cashback at his usual cashback site. He clicked a hyperlink vxziqz for the bookie that was providing the Vegus168 Sure and earned himself an added £10 for 2 minutes work.
So for placing two risk-free bets Paul had managed to earn himself £27.55. A good thing is that whatever the outcome he knew that he will be sure to win money. Paul felt that it was quite nice to win money this easily and repeated this technique over and over again.