Matched betting is undoubtedly exciting. It’s difficult to pinpoint which part is the most fun but I assume it’s a combination of ‘working’ from home and the smug satisfaction of knowing you’ve beaten the bookmakers before an event even begins.
Sarpsborg vs. Valerenga was a thriller and ended a 3-3 draw! I didn’t watch it online. It sounded like a good game but essentially the result didn’t matter to me. Let’s look at what it did to our account balances:
PaddyPower Balance: £21 (Free bet matched for Hoffenheim game on Thursday)
Skybet Balance: £22.50 – READY TO WITHDRAW
Betfair Balance: £8.52 (£38.64 tied up in liability for Hoffenheim game)
Now as you can see my Betfair balance is looking pretty precarious and I’m going to struggle to get another bet on. Note to the newcomers: I have not lost this money. It has simply been moved to a bookmaker account through the process of arbitrage betting – the Betfair bet lost but the bookmaker bet won. So.. What can I do now? Well, you could wait for your Skybet withdrawal to process, then wait for the Hoffenheim vs. Kaiserslautern game to conclude if you like. You’d then just withdraw your PaddyPower balance and redeposit into Betfair.
But, to keep things ticking over here though for sake of this matched betting demonstrating using the Bonus Bagging service, let’s assume I deposit another £50.
Betfair Balance: £58.52
Ok – let the bagging begin! I login to the Bonus Bagging portal and ‘Request New Bet’.
So this is an interesting bet. It is in fact a free bet each week for the next 3 weeks totally £30 total from Ladbrokes. To ensure you qualify for a bonus, make sure you use the promo code Mike sends in the email. This is very important!
After signing up, we can place our bet:
So in having just putting £10 on Sevilla at odds of 2.90 as the email told us to, it’s time to head over to Betfair and bet against Sevilla.
This bet will lose 53p but I have £30 worth of free bets on their way. The most observant amongst you will have noticed that this match does not kick off till Sunday and we therefore must emember we have £29.54 (£10 Ladbrokes, £19.54 Betfair) tied up until then. This isn’t particularly a problem because the Ladbrokes offer takes place over 3 weeks (3 x £10 free bets). We will need to keep some money in there anyway to keep playing and make the maximum £30 or so profit.
Let’s now dawdle. Let’s ‘Request a New Bet’ and crack on:
Ok. Now we’re talking. After building our cash pot with smaller offers we’re starting to see some bigger ones now. After signing up to Will Hill with the correct promo code we will get a £25 free bet after staking a £25 qualifier. I head on over to the site to get started:
Even if you’re a gambler, placing a £25 bet can seem scary. We know though we’ll be covering the other outcomes. We can’t lose.
All done. Through matching this bet I will lose £1.34 but I will receive a £25 free bet of which I can place tomorrow. This is where I’ll end today.
Profit Total: £20.03 – £0.53 – £1.34 = £18.16
“Huh!?” you might be thinking. You’ve lost money today? Yes. That’s right. Technically, TODAY I have lost £1.90. But! And it’s a HUGE BUT…
I’ve secured 3 x £10 free bets and a £25 free bet that I will profit from over the forthcoming days. This service isn’t going to make you a millionaire. But it does guarantee a steady, substantial income from week to week. Will I double my profit on day four of using bonus bagging as my matched betting guide?