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:
I request a bet to place for my StanJames free bet and receive this email.
I find the odds at StanJames and place my £10 free bet.
At Betfair I lay ‘Over 3.5 Goals’ for £6.92 at odds of 3.3
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:
Mike sends email a few minutes after clicking the button on the Bonus Bagging web site.
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.
As per instruction I head over to Coral and put my £50 free bet on Guadalajara at odds of 5.5.
I carefully lay Guadalajara at Betfair for £37.82 at odds of 6 after checking my balance is big enough to cover the liability.
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!
Hi Chris,
I have seen on a previous reply of yourself stating that bonus bagging and pm has always been a nice wee side earner for you but you would not give up your day job for it , but I noticed on your facebook page that you reposted “the lad bibles” post about Andrew and how he has quit his job and is making plenty of money. Is he involved in some other strategies apart from pm and bb to be making that kind of money ? Any feed back would be appreciated.
Hey Danny: It’s not impossible to do matched betting / advantage play full-time but I don’t recommend it because it creates a different proposition.
Instead of making money for a bit of extra cash each month you will be making money to actually live on which inherits its own problems and stresses. Consistency can also be a problem. For me that would remove the enjoyment from this game for me.
Matched betting / advantage play is a learned skill though essentially and the quicker you become at acting on information and making good decisions then the further you can go.
The Lad Bible article was/is interesting because it represents what is achievable – but I wouldn’t want to give off the impression that what Andrew does is easily achievable. I’ve no doubt he works long and hard for his earnings and snaps up every single opportunity on the table. He’s likely in the top 5%.
I’m not discouraging that it’s not possible – just most people I don’t believe would quite reach those levels.
As for strategies? Hmmm.. I think he will follow most guidance pretty thoroughly as an outline but probably has his own ideas on occasion for maximising profits at low-risk rather than no-risk. Take a browse through the PM Facebook forum and people are often sharing ideas on stuff like this.