This is the partner article to “Earn Cashback on a Bet That is Already Guaranteed to Win You Cash – 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 are going to consider the way of guaranteeing that you make risk-free cash using Vegus168 free bet offers.
The typical deal is you sign-up to an online bookie and deposit some funds with them. After that you set a bet together (usually for odds over 2.), once this can be settled you claim your free bet.
Just after the above procedure would not guarantee you free cash. There exists another element that must be included. This is based around betting exchanges.
In case you are unfamiliar with betting exchanges they may be a fairly recent addition to online betting that have become extremely popular. Briefly, this requires patching two bettors together that have an interest in betting on a single outcome of an occasion. An example may be for just one soccer team to conquer another.
If there was 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 wished to bet against team A beating team B then whoever bet on the correct outcome would receive money from your other. Peter will be taking the traditional role in betting for team A to win, similar to betting against the bookie. On the contrary Paul will be betting against team A winning, essentially taking the bookie’s role.
Utilizing the position of betting against an occasion happening, such as team A winning in the previous example, is known as laying. This is just what will permit us to guarantee we win on each free bet that we receive from an internet bookie – and there are numerous to benefit from. For each event we may wish to place two bets, a conventional bet with all the bookie that is supplying the free bet along with a lay bet with a betting exchange. I will provide you with an example to explain this technique.
Now, imagine that Paul just found out about matched betting and wishes to try it out. First he finds a bookie that is offering a free of charge bet. Then he reads the conditions and terms of the free bet offer (very important – always look at the T&Cs). He discovers that to have the free bet he must first place a bet along with his own money for £25 then he will get a totally free bet the exact same value when the qualifying bet has settled.
He finds, as an example, a football match in which the bookie is offering likelihood of 3. for team A to win the match and the betting exchange offers 3.1 for team A not to win (i.e. for team A to lose or draw). He then places £25 on this bet on the bookies and lays £24.59 in the betting exchange. This might seem like a strange figure to lay but if you work it out it will give exactly the same return on whatever outcome occurs in the match. Which is a loss of £1.64 no matter what happens.
This sounds like an unsatisfactory start. Paul just lost money and i also said it was 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 he bets on player B to beat player A at odds of 5. in the bookie and manages to get the same odds using the betting exchange. He uses his free £25 bet to put the bet at the bookies. He then works out which he has to lay £20.20 on the betting exchange so that whatever the outcome he will win the same amount.
Now the match finishes and then he has won £19.19. When we take away the £1.64 that Paul lost in qualifying for the free bet we are left with a risk-free profit of £17.55.
Paul was quite pleased 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 many other sites. He made a quick look for bookies offering cashback at his usual cashback site. He clicked a hyperlink vxziqz towards the bookie which had been offering the เว็บแทงบอลออนไลน์ and earned himself an extra £10 for two minutes work.
So for placing two risk free bets Paul had managed to earn himself £27.55. The best thing is that no matter what the outcome he knew which he would be certain to win money. Paul felt it was quite nice to win money this easily and repeated this technique again and again.