Skip to Content

Bonus Bagging Calculator | This Odds Convertor is Not a Scam

I always let out a little sigh when I hear about the bonus bagging scam. Why? Because there is no scam!

But before we get into that – if you’re already a member of this service and are looking for the Bonus Bagging Calculator to measure up your bets then I’ve developed a special spreadsheet available here which will also allow you to keep track of your bets.

But you might not be there yet… So if you’re brand new to this then here’s the low down:

If you want a useful service to help you with your arbitrage betting then you really need look no further than Mike Cruickshank’s Bonus Bagging

To ease any concerns I’ve interviewed Mike, run a 7-day bonus bagging trial and am now also bringing you this video demonstration of exactly what to expect once you sign up.

Load it up in full screen, go HD, sit back and let me talk through the Bonus Bagging Service back end. Ooooer! 

So now you see it’s all pretty straight forward right?

I promise it really is as easy as it looks and you’ll be flying in no time.

By day 7 of profiting from bookmakers free bets for my bonus bagging trial I had made over £100 for very little work. This is whilst I was still building my bankroll. Sure £100 isn’t a huge amount of money but it also a figure not to be sniffed at.

If you make £100 a week for 52 weeks of the year then that’s an additional £5200 to your income. Tax-free. If that doesn’t raise an eyebrow then nothing will!

I think it’s important to also mention that all purchases through Clickbank are subject to a 60 day return and cancellation policy. If purchase Bonus Bagging but don’t like the service you receive (I’d be surprised!) then simply request a refund. No dramas.

Sign up for Mike Cruickshank’s Bonus Bagging service.

Leave a comment

Your email address will not be published. Required fields are marked *

  1. vinnie says:

    Hi Chris,

    I am already signed up for some bookmakers from a previous horse racing system though I never deposited any money..I am wondering, If i got sent an email from Mike sending me to a bookmaker that I already signed up to,would I be able to still qualify for the bonus?

    • Chris says:

      Hey Vinnie: That depends on the bookmaker. You’d have to jump on their live chat and tell them you signed up a while ago but never deposited so do you still qualify for the free bet? If they say no then just move on to the next bookie.

  2. Alan says:

    Sorry just read though that and it made no sense at the end
    I ment is profit maximiser worth doing with £150 betting bank and are the claims in the advert justifed

    • Chris says:

      PM is a great product. People are having some really amazing success with it. I would definitely recommend it but £500 is the recommended start-up and I would stick with that if you can.

  3. Alan says:

    Hid Chris some really helpful advice your giving out. I have done most of the bb bookmakers made about £150 profit. Not had one reload yet so I’m a bit disappointed in the bonus bagging package (it covers buying it but the buy a holiday /£200 a month for life seems very misleading)
    My question is.. Is profit maximise worth it with £150 or is there another of embellishments with that as well
    Thanks for your honest opinion

    • Chris says:

      Hi Alan: That return does seem very much on the low side. Did you have some bookmaker accounts already? Have you spoke to Mike and confirmed you’ve absolutely worked through them all. Reloads will come from time to time. There’s also a database of bookies and the calculator tool you can work through now you have an understanding on the process.

  4. Dave says:

    I am not very well off so £27 was a lot for me as well as funding bookies. Couldn’t afford it. So I tried doing it myself starting with a betfair account and managed to scrape £20 to put in it. Then had another £25 to fund any bookies I had to open. And off I went on my own taking the smallest offers first and building up from there. This was 8 weeks ago and I have taken my time patiently. Anyway, I am now sitting on £865 in my accounts. Wish I could have afforded that £27 from the beginning as I still made a few cock ups doing it alone. Anyway, I am better off now so am wondering if I should pay the £27 now just to get access to other stuff like reloads and stuff. Plus I am feeling a bit guilty as Mike would deserve every penny for this system. So, is it worth joining up now or not?
    I also hope to investigate something called each way sniper. I may try that one.
    But this system definately works. It has got me off the ground anyway.

    • Chris says:

      Hi Dave: Thanks for sharing your success story! You’re off to a great start.

      As for your question I would look at the product “Profit Maximiser”. Since you already have a bunch of bookmaker accounts you would get a lot more value out of that. I wouldn’t say it’s worth it to join BB at your position right now. PM would be a great move though.

  5. Sarah says:

    Thanks for replying back to me Chris. I’ll email the details of my bets later..


  6. Sarah says:

    Hi Chris,
    I subscribed on your free e-book and learn a lot about match betting as im a newbie in all of this. I never been to any games site coz im not a gambler myself but i do want to earn money online so i came across bonus bagging. I emailed u personally about my queries, hope u wont get tired reading it. Im not going to put it here but just check out your personal email. Also, have a follow up questions aside from what i sent u on ur email. Is it possible for me,a newbie, to do bonus bagging and profit maximiser at thesame time? Coz im already a bonus bagging member and interested to get profit maximiser but not sure if im jumping too fast from it as im still familiarising myself to bonus bagging. But im afraid i will miss the offer on profit maximiser and wont be able to get the opportunity of earning much profit. Kindly advice.. Thanks in advance.

    • Chris says:

      Hi Sarah: Don’t try to run before you can walk. I wouldn’t advise trying Profit Maximiser before you are comfortable with Bonus Bagging. Free bets are never going away. Take it steady.

      I have responded to your email but you may need to be more specific with the exact details of the bets you have concerns with in order for me to better understand properly.


  7. ralph pearson says:

    Hi Chris

    started bonus bagging a couple of days ago onto my second bet so from my first bet now have 30 something pounds in my Paddy Power account am I right that I will never return to Paddy Power and this money I should transfer over to Betfair as is it not possible that my Betfair a/c could reduce to nothing otherwise and I would have to fund it with my own money which would obviously be counter productive.

    • Chris says:

      Hi Ralph: If I’m understanding correctly you are saying you have completed the qualifying bet and the free bet and have now moved on to a new bookmaker as per the instructions? If so – then yes you can withdraw your PP money and into new bookies and Betfair as and when you need to.

  8. Glen says:

    Hey Chris,

    Thank you for all the info, it’s very helpful.

    I’ve been looking into bonus bagging and have a few queries.

    At the start you need to put down the price of the package, then £75 at betfair, and then further deposits on bookmakers to gain the bonuses. So all in all this will be well over £100 right?

    I know it depends on when the bets are settled but how long before we actually replace with a profit, the £75 we deposited at the exchange and the money we deposited at the bookmakers.

    If we are on a tight budget for the month do you recommended we wait until we can set aside say £200 and live without it for a time, while we wait for bets to settle and bonuses / profit to come in.

    Cheers :-)


    • Chris says:

      Hi Glen: The recommendation is £100 split between bookmaker and Betfair to start you off. This is after purchase. The price of the product isn’t included in this figure.

      You will see profit from the money you stake as soon as you have completed your first free bet.

      For example – if the first free bet is for £10 an you clear £7 profit from it including any small loss from the qualifying bet, when all bets are settled you would now have £107. Maybe around the second or third bet the product will pay for itself and now you have funded your education you are in pure net purchase + betting profits.

      £100 will suffice if you take it slow. I always advise people don’t get ahead of themselves too quickly anyway and limited funds would essentially force you to move slow. But of course it’s up to you and your own circumstances.

      What I will say though is that you really ought to ring-fence that initial £100 and the profits from matched betting you accrue whilst you continue to build a bankroll. The idea is to keep building and building until you have enough to take on bigger and bigger offers. Obviously if you take money out of that pot you lose the capability to deal with larger liabilities and this becomes more difficult.

  9. Rikki says:

    Having never made a sports bet before I spent a couple of hours last night looking into Bonus Bagging after seeing a news report about a young lad who bought himself an Aston Martin from the profits. I was sceptical (and I still am) but I went ahead and purchased the package anyway. I’ve now got 3 brand new accounts set up and 4 bets (2 paid and 2 free ones) waiting to settle. So far including the price of the membership and the advised £75 betfair balance I’ve invested around £147 which I think is a more sensible starting figure than £100.

    According to the site I am in the best possible position to benefit from this scheme as I have no prior dealings with online bookies so I will report back here with my findings.

    The system itself has so far been very easy to follow for someone who is completely new to the scene and although obviously automated it does a good job of making me feel quite special.

    Mike is obviously a very intelligent man and I wonder how much bonus he makes from all the new signups he generates through people clicking through the links on his emails?

    Anyway the proof is in the pudding as they say so I’ll post back here with my findings. If it does work for me over the next month or so I’ll look into Profit Maximiser too :)

    • Chris says:

      Hey Rikki: I think the £100 split-balance is sufficient if you take each bet one at a time and build up from there. It sounds like you’ve got a couple in process at the same time. Obviously the more you take on at a time the further you spread your funds – but that’s totally fine if you’re happy with the process and have the funds to do so. :)

      In any case it sounds like all is going good for you. Thanks for your report!

  10. Danny says:

    Hi Chris.

    I work between 40 – 50 hours a week. When I am at work I am not able to be on my phone consistently. Do you feel that this would not be as profitable if you are not available to act quickly when you receive an E-mail and would I be able to place bets through my phone without that being a problem to get bonuses ?

    • Chris says:

      Hi Danny: Sometimes bookmakers have different bonuses for desktop/laptop users to mobile phone users. Bonus Bagging presumes you will be using a desktop or a laptop so I wouldn’t recommend placing bets from a mobile. Additionally, matched betting on a mobile phone is pretty fiddly and you’d be more prone to making mistakes.

      Once you press the request bet button you will receive a match to place bets on within the space of a few minutes. As soon as that email arrives you should act on the information immediately. But this is a benefit of the product rather than a problem. You should never actually be put in a situation where you need to place any bets whilst at work. Just request bets and work through them in your free time.

      • Danny says:

        OK Chris I understand what you are saying, thanks for the reply back.
        I was reading through your free E-book as the only experience I have with gambling is texas holdem poker, black jack and roulette. I have no experience betting on sports games and betting sites. I have only placed a couple of bets for friends before after they have told me what to do. So reading through your E-book on page four when you are talking about decimal odds, you give examples and the last example I went through it several times in my head and I am not great at spelling but I am pretty good at arithmetic’s and then I even got the calculator out but I kept getting the answer £720 so I was just wondering do I need to add something on top after multiplying 1.44 x 500. I am just trying to get a hand of things.

        Thank again

        • Chris says:

          Hi Danny: It was a while since I wrote that so I had just go back and check… You’re right to be confused. I can’t see where I’ve pulled the other £2.22 from either! The correct amount should read £720 as you say. Sorry about that.

  11. Martin says:

    Hi, how much do you realistically need to put in at each bookie? I read about the £100 start at Betfair but don’t you need to bet, say, £10 at each bookie in turn? Cheers

    • Chris says:

      Hi Martin: It depends on the offer you’re taking on.

      Bets could be a range of sizes: £10, £20, £50 etc.. But the liability of the bet you must cover at Betfair will depend on the odds suggested.

      £100 is the total outlay split between bookie and Betfair.

      If you go through the bets one at a time you will grow your bankroll as the size of the sequence of suggested free bets grow themselves.

      Take it steady like this and you should never need to introduce anymore of your own funds outside of the £100 you initially set aside for Bonus Bagging. You’ll just be cycling through profits.

  12. John Welch says:

    Hi Chris,

    Is the £1 trial still availible and where can sign up?


      • John Welch says:

        Hi Chris

        Thanks for the link

        One more thing: assuming you you hit the 3 new bets per day limit, how long would it take to use up all of the offers?


        • Chris says:

          Hmm.. You have to factor in event start dates – i.e. the bet might be on the weekend football if that’s the best match at the time – deposits / withdrawals and the actually going through each offer. I reckon 3-4 weeks for the signups offers if you really hit it hard.

          I’m not sure that’s advisable though to rush it. If you rush through it you’re more likely to make mistakes.

  13. Lee Johnson says:

    Ok so… Let me see if I understand this.

    We basically bet against ourselves with Mike’s advice and from that we get free bonus money to bet with.

    Can you withdraw that bonus bet money? Or do you just have to bet on what you think is a good option once you receive it? Because in the video you mention you lose 54p but from doing so you gain £10. Do you get advice what to do with that £10? Or are you expected to just bet on what you want? Because in all honesty I am very much a person who needs walking through constantly to ensure I understand it and I would be lost if I just got the £10 free money and no advice.



    • Chris says:

      Hey Lee: Once you have the free bet you basically repeat the process once more but this time you’re using the bookmakers money on the back side rather than your own meaning any cash you lock in from the matched bet is yours to keep.

      As for how you discover these follow-up free bet matches, Bonus Bagging takes care of that for you too. There’s a “Request Free Bet” button which will send out the instructions for what to bet on as with the qualifying bet. Hand-held all the way as before. ;)

  14. Paul says:

    Hi Chris I see this system is a few years old now, is it still available and does it still work. Also are there other ways of winning money in it apart from free sign up bets as I am already signed up with around 10 bookies. Paul

    • Chris says:

      Hey Paul: It most certainly is still available and it most certainly does work. There’s actually very little been changed with it since its conception. As long as bonuses are around people will be taking advantage of them via this method and bookmakers will forever continue handing out bonuses because they need the custom they bring.

      If you’re signed up with a whole bunch of bookies already it’ll be tougher to get started than having a fresh set of accounts. Maybe try the £1/week trial and see if there’s any bookmakers you’ve not got accounts with – get familiar with how it works and then jump abroad Mike’s follow-up product Profit Maximiser once you’ve exhausted all the bonuses on offer.

      • Paul says:

        Thanks for the quick reply, Chris. Purchased Bonus Bagging yesterday and was surprised how quickly the tips came in from Mike. My first bet is on today so we’ll see how it goes. Thanks again

  15. Jordan says:

    Hi Chris,
    Your vids on this service have been very helpful & informative, but I have not spotted any mention of a suggested starting bank to begin with.
    Is it feasible to use the service with a bank of just 100 GBP to start with, if say you can wait for each bet to conclude first & add all profits to your bank?

    • Chris says:

      Hey Jordan: Sorry about that. I might have written that in the main review, or the interview with Mike?

      In any case – yes £100 is the required starting bank. Remember that that £100 includes cover for your betting exchange liability as well as the bets you are placing at bookmakers so you will still need to wait for bets to settle each time until you build up a bit more a bankroll.

  16. gunzo says:

    Hey Chris great vid, but curious question what would happen if you use up all your free bets?

    • Chris says:

      Hey Gunzo: There are about 20 or so bookmaker offers to go through with Bonus Bagging but it doesn’t have to stop there.

      There are a ton of bookmakers online with signup offers out there. Believe or not I still find one I don’t have an account with even today!

      But aside from that there are reload offers you can take advantage of also. These can take a little bit more calculating as they’re not normally as straight forward but actually overtime if you get into matched betting you’ll probably find you end up making more long-term from reloads than you do signup offers.

  17. Richard Levett says:

    Hi Chris,

    Great review, however I’m curious on one thing, I get bthe qualifying bet and the small loss to secure the free bet, but surely the freebet only profits you if you win at the bookmaker, if you lose your freebet but when on the exchange all you are winning is your stake back! I’d be in the same position as if I hadn’t even placed the bet at all, am I correct?

    • Chris says:

      Hey Richard: You’re right on the first bit with regards to the qualifying bet. Where I think you’re going wrong with the free bet calculation is in assuming that you would lay the full amount at Betfair that you had placed at the bookmaker. This isn’t the case. The calculation is in fact slightly differently and variable dependant on whether the bet is what is know as a Stake Returned (SR) bet or a Stake Not Returned (SNR) bet but designed to lock in a definite profit.

      If you go with Bonus Bagging then this calculation is taken care of for you but if you would like to see the mechanics of the formula there’s a link to a spreadsheet calculator in my free eBook available for download from this site. Take a look – and read the materials there too to get a firmer understanding of it all – and see how you get on. You can unsubscribe straight after download if you wish. I’m easy. :)

      • Richard Levett says:

        Hi Chris,

        Thanks for your response, and the calculator, I can see how it’s worked out but let me put this scenario to you (I hope this is me being really dumb) but I still can’t see where the profit is.

        Team A backed for a home win at £30 at odds of 5.0 with the bookies.

        Team A layed for the home win at £22.43 at odds of 5.4 on the exchange.

        Now if the backed bet wins, nice profit (£150) loses £98.69 on the exchange, but if the lay bet wins £22.43 back (my stake) and the £30 lost at the bookies. Where’s the profit in this scenario? Why would I place the lay bet? I’m getting back what I put in. I still lose the £30 bet at the bookies. Chris am I being really dumb here?

        • Chris says:

          So just to avoid confusion for anyone else reading this in the future we can assume this example is for a £30 Stake Not Returned (SNR) Free Bet.

          Your lay stake calculation of £22.43 is correct creating a £98.69 liability, but if the back bet won the profit would be £120 not £150. Remember the stake here isn’t returned with the winnings. This would create a total profit of £21.31.

          If your back bet lost and your lay won then you would still generate a £21.31 profit (your lay stake – 5% commission for winning) because this is a free bet you’re playing with. You’re playing with the bookmakers money, not your own. It was never yours to lose!

          The only time you’ll actually be staking your own money down at the bookmaker is when you’re first betting the minimal/no loss qualifier.

          • Richard Levett says:

            Hi Chris,

            That all makes perfect sense apart from when the lay bet wins when using a Freebet, The £21.31 from winning the lay was my money (my stake just 5% smaller from the commission) I haven’t made any profit just had my stake returned less 5%!!

          • Chris says:

            That’s how a lay works. You are playing the role of the bookmaker. Your lay stake is the amount of money you want to win. The £21.31 IS your profit. You’ve just made that!

            If you had a Betfair account with a £100 in it which reduced to £1.31 when this bet was playing out (£98.69 liability) then you would find that once the bet settles and your lay wins your account balance would now be £121.31. That’s a profit my friend. :)

  18. Robert says:


    I just watched the video. Thanks for the clear explanation.

    What happens if the bookies ‘twig’ what you’re doing? Could they close your account and prevent/barr you from putting any more bets on with them?

    Also, do I have to open an account and deposit funds with lots of different bookmakers? How time consuming is this?

    How much time do you get on average, before the odds shift out of favour?

    Appreciate your time in answering these questions.



    • Chris says:

      Hey Robert: By its nature matched betting involves opening lots of different bookmaker accounts. On top of that you usually have to find your own bets to lock in profit. Bonus Bagging restricts the amount of time spent during this process considerably as it’ll tell you which bookmaker to sign up with and the exact selections, bet and lay stakes. It’s as automated and less time dependant as it could possibly get really.

      Signing up with a bookmaker takes around 5 minutes. There are around 22 bookmakers in the Bonus Bagging service right now discounting any reload offers. How fast you plough through them depends on your bankroll. £100 is the minimum recommended. Placing the bets will take little time at all but you obviously need to wait for the bets to settle, widthdraw and deposit. Things will speed up a you get into the swing of things as your bankroll increases and gives you more room to work within.

      Odds can shift – but on markets such as football rarely go through large swings and any bet calculation is adjustable through the request bet buttons and in-built calculator. Once you’ve funded your accounts you should be able to place bets within a couple of minutes of receiving the instructional email. You’ve little to worry about in this respect.

      You’d be very unlucky to be ‘twigged’ when taking on a signup bonuses. You’re in and out. If you were betting large sums on out of line odds all the time you would be far more suspicious. Even so though you’re not really doing anything wrong and the most they can do is close your account and return your funds. I’ve only had this twice in many years of matched betting. It was no real drama. There’s enough bookies to go round for sure!

      Hope that helps. :)

  19. GrahamG says:

    Hi Chris,
    Excellent explanation of Bonus Bagging scheme and VERY clear video of how the process works. I read Mike’s offer, but it was only watching your video that really explained how things work. Well done and many thanks.


    • Chris says:

      Thanks Graham!

      Matched Betting is a little tricky to get your head round to begin with certainly. You can check out my Free eBook as well if you need to dig a little deeper into the mechanics of it all. :)

  20. ash says:

    Hi Chris,

    I have multiple betting account already and have used this bonus offers all up so how could i benefit from this service?



  21. Nick says:

    Hi Chris,

    thanks for the video – really insightful. I now understand the method that is used in creating a minimal loss scenario and looking at the bigger picture (securing the free bet), however don’t you then have to wager the free bet a certain amount of times to be able to make a withdrawal? I know at bet365 they offer 100% matched start up bonus but ask you to wager something like 3x whatever you matched bonus is before you can make a withdrawal?

    For example, the bet you used as your example in the video – would you then be able to withdraw that free £10 bet you secured from Stan James straight away?

    I hope this makes sense!

    Many thanks.

    • Chris says:

      Hi Nick: Not straight away no. You would repeat the process with the £10 free bet, yet of course this time you are betting with the bookmakers money so can lock in a guaranteed profit.

      Most bookmaker wager requirements are 1x the bonus amount but there are a few – like you mentioned Bet365 – which require a bit more. This is usually because their bonuses are bigger. The Bet365 bonus is actually £200 I believe.

      When it comes to these bigger bonuses you’ll need a bit more of a bankroll to get take them on. Fortunately, Bonus Bagging takes this into account and takes you through the smaller and easier offers (like StanJames) first in order to build up your cashflow for the bigger wager requirements.

      It would be lovely if we could just withdraw the bonus money and run away with it but it’d be suicidal for the bookmaker. That said though on a few occasions I have known it to be possible… But I’d never recommend it! :)

  22. buster says:

    i had a look and you simply wouldnt win…your losing out or just being level,the money you win for servette winning wouldnt cover the cost

    • Chris says:

      Hi Buster:

      What you have stated there is precisely the point!

      In this video I am QUALIFYING for a £10 free bet with Stan James by creating a no or minimal loss scenario by betting on all outcomes of the Servette game.

      Note that at 06:08 on the video in the email I receive from Mike it states that from this back and lay I will LOSE £0.46.

      However – in losing just 46p I in turn will receive a £10 free bet of which you’ expect to profit 75% from by repeating the same process. In short from placing two sets of back/lay bets I would expect to make around £7 GUARANTEED profit.

      To summarise: what you have stated is completely true but you’re not looking at the bigger picture of what’s around the corner… A £10 free bet bonus.

      What I am demonstrating here is not arbitrage betting. It is the method of matched betting for the purpose of bagging bookmaker signup promotion bonus offers.

  23. Chris says:

    Jeremy: This is a common confusion from people new to matched betting.

    in this example: I’ve placed a bet at StanJames for Servette to WIN. I’ve then LAYED Servette at Betfair,

    When you LAY a selection on a football game for instance you are not betting on that selection to lose. You are betting on that selection NOT TO WIN.

    Again – in this example:

    If Servette win I win at StanJames.
    If Servette lose I win at Betfair.
    If Servette DRAW I win at Betfair.

    I hope that clears up the confusion?

    Lemme know if you need anything else.

  24. Jeremy says:

    What if the match draws??