If you have 0 vcash you automatically get 50 for "free" when a new vbookie event is created.
As for earning vcash for things other than placing successful vbookie bets... I don't see why? vbookie is a virtual bookie, a place to bet fake money on sporting events and test your gambling skills against others. If you can win vcash by doing something other than betting it would pretty much kill the game.
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