Bonus bagging or matched betting is the process of extracting a bonus offered by a bookmaker without risking any of your own hard earned coin.
In the UK there is an array of bookmakers that you are likely to find in many town and city centres. Chains like Ladbrokes, William Hill and Coral dominate the British high street and have built their loyal customer bases on reputation and accessibility within local communities. However, the age of the Internet has forced these companies to adapt and they now face more competition than ever. There are literally hundreds of bookmakers operating online and all of them are fighting for your attention. To entice new customers the majority of bookmakers offer a signup bonus.
To the astute player this is risk free money.
To qualify for a signup bonus it is most usual that you have to place a qualifying bet. In finding an arbitrage bet for this qualifier it is easy to activate this bonus for small or no loss. Once you have the bonus you are now playing with the bookmaker’s money and the road ahead is pure profit. Repeat the arbitrage process once again and it is simple to extract the majority of the bonus and then withdraw.
Consider that even if you only signed up to 10 bookmakers offering a bonus of £50 each then you stand to make close to £500 (10×50).
Rest assured that this is just the tip of the iceberg. Many players have been successfully creaming bookmakers for that amount on a month-to-month basis.
Some have even quit their jobs to play the bonus bagging game full time.
While I don’t advise that just yet, you certainly have little to lose in making a tax-free supplement income. Many years ago it got me through university!
If you’ve never attempted bonus bagging before then it can admittedly be a little daunting. If you don’t want to go it alone I recommend taking a look at Mike Cruickshank’s Bonus Bagging service to get you started. Mike will guide you through the bonus bagging process and provide you with support and advice as to the latest bookmaker promotions.
I would say the easiest and most straight forward form of bonus bagging is probably through backing and laying football results however it also possible to bag bonuses through betting on other sports such as tennis and horse racing. For ease of finding good matched bets and working hand in hand with the betting exchanges, whilst bonus bagging we generally work in decimal odds. If you’re from the UK and have been calculating your winnings in fractions all your life, trust me when I say that once you start using decimals you’ll fall in love with them. There’s no turning back!
If you’re still a little sceptical about how it’s possible to harness the power of arbitrage betting to extract bookmaker bonuses for profit then I’d advise you watch the recent video walkthrough I recently recorded.
You will note that in this video I use and recommend the aforementioned Bonus Bagging service by Mike Cruickshank. You do not have to purchase and do it this way. It is perfectly ok to find and research your own bets. I choose to use this service because it is quick and easy.
If you want more information about the service I use in the video, check out full my Bonus Bagging Review.