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 get an added 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 standard deal is that you sign up to an online bookie and deposit some cash with them. After this you set a bet together (usually for odds over 2.), once this can be settled you claim your free bet.
Just following the above procedure would not guarantee you free cash. There is certainly another element that must definitely be included. This is based around betting exchanges.
In case you are not familiar with betting exchanges these are a relatively recent addition to online betting that are presently quite popular. Briefly, this involves patching two bettors together who may have a desire for betting using one outcome of a function. An illustration could be for one soccer team to beat another.
If there were two bettors, Peter and Paul, who wanted to place a bet on a 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 wanted to bet against team A beating team B then whoever bet on the correct outcome would receive money through the other. Peter would be taking 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, in effect taking the bookie’s role.
Using the position of betting against an event happening, such as team A winning in the previous example, is referred to as laying. This is what will allow us to guarantee we win on each free bet that we receive from an online bookie – and there are numerous to make the most of. For each event we may wish to place two bets, a conventional bet with the bookie who is supplying the free bet and a lay bet using a betting exchange. I will give you a good example to explain this technique.
Now, believe that Paul recently found out about matched betting and wants to give it a try. First he finds a bookie that is offering a totally free bet. Then he reads the conditions and terms in the free bet offer (extremely important – always browse the T&Cs). He discovers that to have the free bet he must first place a bet along with his own money for £25 he then will get a free of charge bet of the same value when the qualifying bet has settled.
He finds, as an example, a football match where the bookie offers odds of 3. for team A to win the match as well as the betting exchange offers 3.1 for team A to not win (i.e. for team A to lose or draw). Then he places £25 on this bet on the bookies and lays £24.59 on the betting exchange. This could sound like a strange amount to lay however, if you work it out it can give exactly the same return on whatever outcome happens in the match. Which is a lack of £1.64 whatever happens.
This looks like an unsatisfactory start. Paul recently lost money and i also said this is a guaranteed method to win risk-free!
BUT, now we have qualified for the free bet. So Paul’s next bet could have a far better outcome.
This time around he bets on player B to beat player A at likelihood of 5. at the bookie and manages to obtain the same odds with all the betting exchange. He uses his free £25 bet to place the bet at the bookies. Then he works out that he must lay £20.20 on the betting exchange to ensure that regardless of what the outcome he will win exactly the same amount.
This time the match finishes and he has won £19.19. When 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 pleased 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 that they offered free money for simply clicking their links to many 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 was providing the เวกัส 168 and earned himself an added £10 for 2 minutes work.
So for placing two risk-free bets Paul had were able to earn himself £27.55. A good thing is that no matter what the outcome he knew he will be certain to win money. Paul felt which it was quite nice to win money this easily and repeated this method again and again.