This is the partner article to “Earn Cashback on a Bet That is Already Guaranteed to Win You Money – The Icing on the Cake!” which discussed using cashback sites to get an extra cash boost to your winnings from the bookies. In this follow up article we are going to consider the way of guaranteeing that you make risk-free cash using Vegus168 free bet offers.
The conventional deal is that you simply sign up to an online bookie and deposit some funds with them. Following this you place a bet along 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 must be included. This is based around betting exchanges.
Should you be not familiar with betting exchanges they are a fairly recent addition to online betting that have become extremely popular. Briefly, this requires patching two bettors together who may have a desire for betting using one result of an event. A good example may be for just one soccer team to beat another.
If there were two bettors, Peter and Paul, who desired to place a bet on the certain soccer team A beating another soccer team B then the betting exchange could patch them together. If Peter desired 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 using the traditional role in betting for team A to win, comparable to betting against the bookie. On the contrary Paul would be betting against team A winning, essentially using the bookie’s role.
Using the position of betting against an occasion happening, such as team A winning in the last example, is known as laying. This is exactly what will permit us to guarantee that people win on each free bet that we receive from an online bookie – and there are numerous to take advantage of. For every event we would want to place two bets, a regular bet with all the bookie who may be supplying the free bet along with a lay bet using a betting exchange. I provides you with a good example to clarify this technique.
Now, believe that Paul recently discovered about matched betting and wants to try it out. First he finds a bookie who may be offering a free of charge bet. Then he reads the conditions and terms in the free bet offer (essential – always look at the T&Cs). He discovers that to obtain the free bet he must first place a bet with his own money for £25 then he will get a totally free bet of the same value after the qualifying bet has settled.
He finds, for example, a football match in which the bookie offers odds of 3. for team A to win the match and the betting exchange is providing 3.1 for team A to not win (i.e. for team A to lose or draw). He then places £25 with this bet in the bookies and lays £24.59 at the betting exchange. This could sound like a strange add up to lay but if you work it it can give exactly the same return on whatever outcome happens in the match. Which is a lack of £1.64 regardless of what happens.
This seems like a bad start. Paul just lost money and that i said this is a guaranteed way to win risk-free!
BUT, now we have now qualified for our free bet. So Paul’s next bet may have a much better outcome.
This time he bets on player B to overcome player A at odds of 5. on the bookie and manages to have the same odds with the betting exchange. He uses his free £25 bet to set the bet in the bookies. He then works out he must lay £20.20 at the betting exchange in order that no matter what the end result he will win the identical amount.
Now the match finishes and he has won £19.19. Whenever we take away the £1.64 that Paul lost in qualifying for that free bet we are left using a risk-free profit of £17.55.
Paul was quite happy with the £17.55 he had just won – especially because he had already earned £10 before he even placed the bet!
He or she is a frequent cashback site user and knew which they offered free money for clicking on their links to other sites. He made a quick search for bookies offering cashback at his usual cashback site. He clicked a hyperlink vxziqz to the bookie which had been supplying the Vegus168 and earned himself an additional £10 for 2 minutes work.
So for placing two risk free bets Paul had was able to earn himself £27.55. The best thing is the fact whatever the result he knew which he will be sure to win money. Paul felt it was quite nice to win money this easily and repeated this procedure repeatedly.