Despite the betting offers keeping coming I decided to take the day off yesterday to allow account balances to recover once bets have settled. This isn’t neccasary if your bankroll is big enough to continue depositing without waiting for withdrawals, but I always advise players new to the game to take things slowly to start out. In fact – for complete novices I would actually look to tackle one bookmaker at a time to avoid confusion. The purpose of this bonus bagging trial I’m publishing here is an example of what can be achieved when you get the hang of things.
Let’s look at what transpired as I enjoyed my Saturday away from the online bookmakers:
Thun beat Sion 1-0 meaning my £10 StanJames bet won and I lost at Betfair.
Alcorcon lost to Almeria 3-0 which will have made Coral happy in losing my bet with them, but me equally happy for winning at Betfair.
Ladbrokes: £0 (£10 placed on Sevilla to win on Sunday)
Bwin: £0 (£10 placed on Getafe to win on Sunday)
Stan James: £32.50 – £10 FREE BET CREDITED
Coral: £0 – £50 FREE BET CREDITED
Betfair: £144.83 (£44.55 tied up in liability between Ladbrokes and Bwin bets)
Let’s make some money from those free bets:
Sweet. So that’s StanJames knocked off the list and out of the way then. I’ll be making £6.92 regardless of the outcome between Getafe and Rayo Vallecano thanks to the £10 free bet.
Now it’s time to use up that generous £50 free bet Coral have gifted me:
Before we go any further let’s inspect this email properly. As always – we need to pay attention to the liability as underlined in the image. This is the amount we need to have in our Betfair account in case the bet loses. Of course for us we are never actually going to lose this money because it will win at the bookmaker.
Why such a big liability this time? Well – we are using a £50 free bet and generally when a free bet wins we pick up the winnings but are not given the stake back. This is most commonly known as a “stake not returned” bonus. In order to profit most from stake not returned bonuses we look for high odds matches that will maximise our winnings.
We currently only have £128.91 available in our Betfair account whilst we have money tied up waiting for 3 others bets to settle (Ladbrokes, Bwin and StanJames). To avoid situations like this – as I stated earlier – this is why it is advisable to take things slowly to begin with while you build your account balances up.
So I can continue this guide to beating betting offers through bonus bagging I’m going to suggest we redeposit into Betfair £70 taking our balance up to £198.91.
Boosh! Locked in a £37.82 profit from that free bet. Not a bad a result at all but I’m going to have to play the waiting game again whilst bets settle and my Betfair balance gets back to normal and won’t signup to a new bookmaker yet.
Profit Total: £31.60 + £6.92 + £37.82 = £76.34
I’ve actually doubled my profit total today through placing those two bets. What’s more I have a £10 and £20 free bet to come tomorrow which should sit me up close to the £100 profit mark as I near the end of my look at the bonus bagging service. Not bad for a few minutes work! But it’s not over yet. For purpose of this trial I’ve got one more day of profiting from bookmakers free bets!