This is the partner article to “Earn Cashback on a Bet Which is Already Guaranteed to Win You Money – The Icing on the Cake!” which discussed using cashback sites to get an added 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 typical deal is that you sign-up for an online bookie and deposit some money with them. After this you set a bet together (usually for odds over 2.), once this really is settled you claim your free bet.
Just following the above procedure would not guarantee you free cash. There is another element that really must be included. This is based around betting exchanges.
If you are not familiar with betting exchanges these are a somewhat recent addition to online betting that have become extremely popular. Briefly, this involves patching two bettors together who have a desire for betting on one outcome of an event. A good example could be for just one soccer team to beat another.
If there have been two bettors, Peter and Paul, who wished 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 wished 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 through the other. Peter will be taking the traditional role in betting for team A to win, comparable to betting up against the bookie. On the other hand Paul could be betting against team A winning, ultimately taking the bookie’s role.
Taking the position of betting against an occasion happening, including team A winning in the earlier example, is called laying. This is what will permit us to guarantee that we win on each free bet that people receive from an internet bookie – and there are many to take advantage of. For each event we would want to place two bets, a conventional bet with the bookie who may be offering the free bet as well as a lay bet having a betting exchange. I will provide you with a good example to clarify this procedure.
Now, believe that Paul has just discovered about matched betting and wants to give it a try. First he finds a bookie who is offering a totally free bet. Then he reads the stipulations of the free bet offer (extremely important – always browse the T&Cs). He discovers that to obtain the free bet he must first place a bet with his own money for £25 he then will receive a free of charge bet of the same value when the qualifying bet has settled.
He finds, as an example, a football match in which the bookie is offering odds of 3. for team A to win the match as well as the betting exchange is offering 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 in the betting exchange. This might seem like a strange figure to lay but when you work it it is going to give exactly the same return on whatever outcome happens in the match. Which is a loss of £1.64 whatever happens.
This seems like a poor start. Paul has just lost money and i also said this is a guaranteed approach to win risk-free!
BUT, now we have qualified for your free bet. So Paul’s next bet will have a far better outcome.
This time he bets on player B to conquer player A at odds 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. He then works out which he has to lay £20.20 on the betting exchange to ensure that no matter what the result he will win exactly the same amount.
This time around the match finishes and then he has won £19.19. When we get rid of the £1.64 that Paul lost in qualifying for your 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 while he had already earned £10 before he even placed the bet!
He is a frequent cashback site user and knew which they offered free money for simply clicking on their links with other sites. He made a quick look for bookies offering cashback at his usual cashback site. He clicked a link vxziqz towards the bookie which had been providing the เวกัส 168 and earned himself an extra £10 for just two minutes work.
So for placing two risk-free bets Paul had were able to earn himself £27.55. A good thing is the fact that no matter what the outcome he knew he would be certain to win money. Paul felt that it was quite nice to win money this easily and repeated this procedure over and over again.