Risk free matched betting using bookie offers

Risk free matched betting using bookie offers

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Discussion

951TSE

600 posts

157 months

Friday 11th November 2011
quotequote all
g4ry13 said:
951TSE said:
Not wishing to take anything away from Richard's efforts but I use this service:

http://bonusbagging.co.uk/welcome.html

Useful if you don't want the hassle of working out all the lay bet details, and is quite a helpful chap with near instant response to query e-mails.

Also has some offers on casino bonuses, and won't bombard you with loads of affiliate links to various tipster sites like some will.
So you pay the guy £32 for information which is free on the internet? Sounds like a great plan!

You can just go to this site for free and ask questions too. More offers here i'm almost tempted to have a go again with it, only thing is it's time consuming and annoying waiting for money to move back and forth between accounts especially when they start doing compliance stuff and asking for copies of ID.

Edited by g4ry13 on Friday 11th November 00:14
Well I'm sure if you have the confidence and the time to do it yourself them go for it. I'm pretty sure that if I hadn't signed up with this system then I wouldn't have done it for myself. I'm paying the guy for a service, I don't have a problem with that.

I just keep a scan of my driving licence on file on my PC which has satisfied all that have asked so far. Quick transfers can be effected through moneybookers which most bookies accept but you will pay a commission on some of your transactions.

richardxjr

Original Poster:

7,561 posts

210 months

Friday 11th November 2011
quotequote all
TVR MAN said:
Very nice Richard.

I've read about this a few times but never got round to doing anything about it. I think I must start soon.

In your above post - once you have qualified for your free bet, could you decide to remove the riskless element and just place a £50 bet that has only really cost you 84p? Would you be able to cash out the winnings if you bet your £50 free bet at say 10/1 and won?
Removing the riskless element would make it a gamble. No thanks smile But to answer the bit in bold: yes, for most offers. BUT with some more obscure bookies you may have to wager through a certain amount before withdrawing: treat these as stake returned bets for a minimal loss each time just like a quali. This is all detailed in the MSE guide and is a reminder to always check a particular offer's T+Cs smile


England U21's won by a rather convincing 5-0. My lay-side winnings were credited back to my betfair account before the whistle had blown cool


WRT paid sites like the one above. What I really like about my new part time job is that I'm engaging my brain and learning stuff completely new to me.
An easy £100+ a week for a couple hours works is nice too. Especially if you know how you've earned it. No overheads, no tax.


A thought too about ethics. There is speculation about whether bookies like us sort signing up just for their free offers - yet they keep placing the ads.
In my Laddies example, both bets (qual and free) lost at the bookie side and won on the lay side.

Laddies are up by my £50 quali stake, I'm up £64ish, Betfair made it's commission. The punter who's back bet at BF I took got better odds than he would have got at most bookies. So everyone's happy, yes. Except the Icelandics hehe

Waiting for a coupon to appear in the Sun tomorrow which means Will Hill's £60 free bet for £30 staked is on (instead of their internet published £25) I should be able to make £50 out of that.








Edited by richardxjr on Friday 11th November 09:06


Edited by richardxjr on Friday 11th November 09:15

richardxjr

Original Poster:

7,561 posts

210 months

Friday 11th November 2011
quotequote all
For a good insight into bookies free bet offers have a look at betrescue.com. Subscribe with your email address and they let you know new offers as they arrive.

There are still better offers about though, so a quick google and check cashback sites before signing up smile

Ruskie

3,989 posts

200 months

Sunday 13th November 2011
quotequote all
Intresting thread. May have a look at doing this when I have time.

richardxjr

Original Poster:

7,561 posts

210 months

Sunday 13th November 2011
quotequote all
Two weeks in now smile Got £50.06 out of that WHill offer.

£180 invested, £333 profit, available £513.

8 free bet offers done so far, avg 80.3% of free bet amount gained, after qualifiers.

g4ry13

16,984 posts

255 months

Monday 14th November 2011
quotequote all
How do you manage to move the money around so fast? Let's say you lose on betfair and win on the bookie. You need to withdraw the bookie money to get it back on to betfair and that sometimes takes about 3 business days I found.

richardxjr

Original Poster:

7,561 posts

210 months

Monday 14th November 2011
quotequote all
In my first week, most lost @ bookies and won @ Betfair, which helped. I also received £57.50 of BF referral and cashback in that first week, direct to my BF balance. My bookie debit card withdrawals have taken 2 working days.

I have got a Neteller ewallet now to make things faster, but you have to check bookie T+C's as sometimes their sign up bonuses aren't available when depositing using ewallets. Another way round is to start with a bigger float of course.

I'm awaiting 2 small payouts from bookies from the weekend. (Low odds qualis which won). Should be in my account by tomorrow/weds, well in time for next weekends fun smile





Edited by richardxjr on Monday 14th November 09:25

Shuvi Tupya

24,460 posts

247 months

Monday 14th November 2011
quotequote all
Are you sure this is tax free income? As you say, it is not really gambling!




richardxjr

Original Poster:

7,561 posts

210 months

Monday 14th November 2011
quotequote all
yes

Just like any betting or spreadbetting.

That's how I understand it, but make your own enquiries to be sure!


g4ry13

16,984 posts

255 months

Monday 14th November 2011
quotequote all
One more thing, regarding the cashback site....I didn't bother using a cashback site last time I did this. It just seemed an extra bit of hassle, is it really worth using one? If so, what are the advantages?

richardxjr

Original Poster:

7,561 posts

210 months

Monday 14th November 2011
quotequote all
I clicked a few buttons and got £17.50 cash in a week. Not bad I'd say!



For anyone thinking of diving in, now's a very good time. Betfair have another fantastic offer valid until End Nov. 25% refund on back stake or lay liability the first time you place a bet using their mobile app, max £100.

So make sure you only use their website for your first few lay bets.
After a week or two you should be ready for, say, Laddies free £50 bet. With odds of 9/1 (10.0) your lay liability will be around the £400 mark. So do this on their app and for a very easy extra £100 on top of the £40 or so you'll get from the laddies offer smile

I've added this to my 'get started' data sheet.

Shuvi Tupya

24,460 posts

247 months

Monday 14th November 2011
quotequote all
richardxjr said:
I clicked a few buttons and got £17.50 cash in a week. Not bad I'd say!



For anyone thinking of diving in, now's a very good time. Betfair have another fantastic offer valid until End Nov. 25% refund on back stake or lay liability the first time you place a bet using their mobile app, max £100.

So make sure you only use their website for your first few lay bets.
After a week or two you should be ready for, say, Laddies free £50 bet. With odds of 9/1 (10.0) your lay liability will be around the £400 mark. So do this on their app and for a very easy extra £100 on top of the £40 or so you'll get from the laddies offer smile

I've added this to my 'get started' data sheet.
Would you mind sending me a copy of your data sheet, i really need to start looking into this kind of thing and this seems like as good an opportunity as i am likely to get hehe


richardxjr

Original Poster:

7,561 posts

210 months

Monday 14th November 2011
quotequote all
Email sent Shuvi smile

Shuvi Tupya

24,460 posts

247 months

Monday 14th November 2011
quotequote all
richardxjr said:
Email sent Shuvi smile
Thanks a lot..i already just sent you a PM so you had a proper email address to send an attatchment too smile


Shuvi Tupya

24,460 posts

247 months

Monday 14th November 2011
quotequote all
Received, ta smile


got some learning to do!


Shuvi Tupya

24,460 posts

247 months

Monday 14th November 2011
quotequote all
I think i am failing the initiative test at step one..

I have signed up with the betting warehouse but can't find the link from them to betfair hehe

"If you subscribe to Betfair using the above banner you will be eligible to make a claim for £15 cash back. Simply complete the claim form and"

What banner???..

Maybe I am not cut out for this internet thing...






richardxjr

Original Poster:

7,561 posts

210 months

Monday 14th November 2011
quotequote all

Shuvi Tupya

24,460 posts

247 months

Monday 14th November 2011
quotequote all
Yeah, that is the page i was looking at.

I have an option to fill in a claim form or read about cash back. I see no click through to sign up to bet fair?


richardxjr

Original Poster:

7,561 posts

210 months

Monday 14th November 2011
quotequote all
Scroll down to the first offer - Betfair - there is a banner there, click on it!

When you click through to BF remember to overtype the promo code with my referral code ... else you'll just get their std sign up offer which is way less profitable!


Shuvi Tupya

24,460 posts

247 months

Monday 14th November 2011
quotequote all
This is getting silly smile

Is this the page where i should find this banner?