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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 have an added cash boost to your winnings from the bookies. In this followup article we shall consider the way of guaranteeing that you make risk free cash using Vegus1168 free bet offers.
The conventional deal is you sign up for an online bookie and deposit some funds along with them. After this you set a bet with them (usually for odds over 2.), once this is settled you claim your free bet.
Just following the above procedure would not guarantee you free cash. There is another element that must be included. This is based around betting exchanges.
Should you be not familiar with betting exchanges these are a relatively recent accessory for online betting that are presently quite popular. Briefly, this involves patching two bettors together who may have a desire for betting on one results of a function. An illustration might be for starters soccer team to conquer another.
If there have been two bettors, Peter and Paul, who desired to place a bet on a certain soccer team A beating another soccer team B then the betting exchange could patch them together. If Peter wished 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 from the other. Peter will be using the traditional role in betting for team A to win, similar to betting from the bookie. On the contrary Paul will be betting against team A winning, ultimately using the bookie’s role.
Taking the position of betting against a function happening, like team A winning in the last example, is known as laying. This is exactly what will allow us to guarantee that we win on each free bet that we receive from an online bookie – and there are lots of to make the most of. For each and every event we will want to place two bets, a traditional bet with the bookie that is offering the free bet along with a lay bet using a betting exchange. I provides you with a good example to explain this technique.
Now, imagine that Paul just learned about matched betting and wishes to try it out. First he finds a bookie who may be offering a free bet. Then he reads the terms and conditions in the free bet offer (very important – always look at the T&Cs). He discovers that to get the free bet he must first place a bet with his own money for £25 he then will receive a free 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 and also the betting exchange offers 3.1 for team A to not win (i.e. for team A to get rid of or draw). Then he places £25 on this bet in the bookies and lays £24.59 on the betting exchange. This might sound like a strange figure to lay but if you work it it can give exactly the same return on whatever outcome takes place in the match. Which is a lack of £1.64 whatever happens.
This sounds like a bad start. Paul has just lost money and i also said this was a guaranteed way to win risk-free!
BUT, now we have now qualified for our free bet. So Paul’s next bet will have a much better outcome.
This time around he bets on player B to overcome player A at chances of 5. on the bookie and manages to obtain the same odds with all the betting exchange. He uses his free £25 bet to place the bet on the bookies. Then he works out he needs to lay £20.20 in the betting exchange to ensure that whatever the result he will win the identical amount.
Now the match finishes and that he has won £19.19. Whenever we get rid of the £1.64 that Paul lost in qualifying for your free bet our company is 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 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 look for bookies offering cashback at his usual cashback site. He clicked a link vxziqz towards the bookie which was providing the Vegus168 and earned himself an additional £10 for just two minutes work.
So for placing two risk-free bets Paul had managed to earn himself £27.55. A good thing is the fact whatever the outcome he knew he will be sure to win money. Paul felt that it was quite nice to win money this easily and repeated this technique again and again.