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 follow up article we shall look at the way of guaranteeing that you make risk-free cash using Vegus1168 free bet offers.
The conventional deal is you sign up to an online bookie and deposit some money with them. Following this you place 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 really is based on betting exchanges.
Should you be new to betting exchanges these are a relatively recent accessory for online betting that have become quite popular. Briefly, this involves patching two bettors together who have a desire for betting on one results of an event. A good example could be for starters 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 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 through the other. Peter could be utilizing the traditional role in betting for team A to win, comparable to betting from the bookie. On the other hand Paul would be betting against team A winning, essentially taking the bookie’s role.
Taking the position of betting against an event happening, like team A winning in the earlier example, is known as laying. This is exactly what will let us guarantee we win on each free bet that we receive from an internet bookie – and there are many to make the most of. For every event we will want to place two bets, a conventional bet with all the bookie that is offering the free bet and a lay bet using a betting exchange. I will provide you with an example to explain this technique.
Now, imagine that Paul recently learned about matched betting and wants to give it a try. First he finds a bookie who is offering a totally free bet. He then reads the terms and conditions of the free bet offer (extremely important – 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 he then will receive a free bet of the same value after the qualifying bet has settled.
He finds, as an example, a football match in which the bookie is offering chances of 3. for team A to win the match and also the betting exchange is providing 3.1 for team A never to win (i.e. for team A to shed or draw). Then he places £25 on this bet at the bookies and lays £24.59 on the betting exchange. This may seem to be a strange figure to lay however, if you work it it will give precisely the same return on whatever outcome happens in the match. That is a lack of £1.64 whatever happens.
This looks like a poor start. Paul just lost money and that i said this is a guaranteed way to win risk-free!
BUT, now we now have qualified for your free bet. So Paul’s next bet will have a significantly better outcome.
This time he bets on player B to beat player A at odds of 5. at the bookie and manages to have the same odds with the betting exchange. He uses his free £25 bet to place the bet at the bookies. Then he works out that he has to lay £20.20 on the betting exchange to ensure that regardless of what the result he will win exactly the same amount.
Now the match finishes and he has won £19.19. If we get rid of the £1.64 that Paul lost in qualifying for that free bet we have been left having a risk-free profit of £17.55.
Paul was quite satisfied 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 that they offered free money for simply clicking on their links with other sites. He created a quick hunt for bookies offering cashback at his usual cashback site. He clicked a web link vxziqz to the bookie which had been offering the Vegus168 Sure and earned himself an extra £10 for just two minutes work.
So for placing two risk free bets Paul had managed to earn himself £27.55. The best thing is that whatever the end result he knew he will be sure to win money. Paul felt it was quite nice to win money this easily and repeated this procedure over and over again.