donglemouse matched betting example

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Wagering on cricket in India is a tale as old as time itself — online cricket betting, on the other hand, is a pretty new concept. Have you had any luck betting on Big Bash this year? Ok, so we absolutely love cricket. Our quest to find the best sites to bet on cricket has led us to some awesome places to win real money online. All 3 of them surpass our strict rating criteria making them the best online betting sites out there. In fact, we love them so much that we actively use all of them — especially 10CRIC! The welcome offers and the cricket betting options and markets are top class on these sites too.

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Donglemouse matched betting example

The value of matched betting can certainly drop over time, even if the offers don't dry up. There are now few matched bet reloads. Traders are far better at syncing odds with exchanges so good matches are a little harder to find. There's not enough cash in it anymore unless you multi-account, and the chances of gubbings are too great for most to place their future on. That should provide a decent retirement fund. And then put any additional profit into seeding a business, be it ecom, blogging or something else, to fund life until retirement.

Reactions: Maifax , homie and Jon. Bugboybill Money Making Megastar! I used to be on a forum called The Gambling Times, and there were a few on there who gave up their jobs to do MB full time. I am still in irregular contact with one of those guys and he is back working as a van driver now and just tops his pay up with MB. Jon said:. Reactions: Jon.

Joined Apr 20, Messages Points Interesting question. Things have certainly changed. MB becoming mainstream has resulted in bookies getting more astute with gubbings, odds offered and making offers less easy than previously. What's changed? Hardly any acca inusrance left, few refund if 2nd horses, no Pricewise guaranteed prices, offers with tougher refund triggers.

I reckon the real value is now in building a bankroll doibg risk free offers, then taking on positive expected value opportunities - no lay each way horses, low risk casino, DDHH, no lay enhanced multiples, no lay Acca insurance etc. Reactions: homie and Jon.

Joined Aug 17, Messages 1, Points I do wonder if it's just a mindset thing which goes along with a LOT of earning online where by if something isn't super dooper simple as in a sign up offer then it can be seen in your head as just being too complex to bother with lol. Reactions: rninja. It is true that you might need to place bets further away from the event and lay nearer to try and get the matches to align a risk depending how the odds move.

Joined Oct 16, Messages 2, Points Even the cash cow that is Bet have much tighter odds this year. I've only done a handful of 2ups this season because its so much harder to get a good match. The Reverend The Reverend Staff member. Joined Oct 6, Messages 3, Points Website thereverend.

The Reverend said:. A qualifying loss is still risk free though Every the sign up offer ask you to accept a qualifying loss when doing the initial bet as you will make the money back and then some from the free bet! Joined Jun 23, Messages 55 Points 98 Age The offers will always e there, it's a case of how hard you want to look for them. I've mentioned this before, but sharbing is still pretty damn lucrative. Especially if you live by multiple shops.

I go in to town every morning and hit Bet Fred, he does several horse boosts per day in shop, but also does Best Odds Guaranteed etween 11 and 1 in shop. I will take as many of these as I can fund if i can get a decent match and always hit a few throughout the week, obviously, I try not to repeat shops when i can help it. Fred also still does his 50 quid acca in shop using the coupon, so doing these can be pretty lucrative too. Hills and Laddies also do loads of offers by mine, but you need the grid card for laddies.

Reactions: rninja and Jon. I think people have worked out that the initial MB risk free earning do max out, or massively reduce. If they didn't, you'd expect people to not be giving up and keep making all the sweet, sweet cash. Does anyone remember Donglemouse from the other place? I think they were making 20k a year through MB before they quit their diary. Pretty good going. And this was before all the services that do all the hard work for you. Bugboybill said:. The diary Donglemouse wrote was what inspired me to try MB.

So glad I did. Was a lifesaver for me! There are some truly awful offers around at the moment though aren't there. The bonus then has wagering too. It is basic arbitrage which is very legal. Normal arbitrage on gambling sites is actually very difficult because the transaction costs are very high and this means that the spreads are effectively too wide.

Arbitrage would only be possible in a very few cases where there was wildly inaccurate pricing. But the free cash gives you huge opportunities. Where it would become very illegal is if you used false identities to take the free cash from one site multiple times. Aside from the trifling little matter of actually predicting a winner which most people fail to do and therefore reap in huge bundles of cash for Ladbrokes et al , I'll stick to making my money by arranging money transfers with relatives of Nigerian prime ministers and kings.

I read this and thought hmmm And then I got to the bit about DongleMouse. Not sure I'd be recommending that people deposit their hard-earned with Betdaq. Even if I wasn't sending money to Ireland I'd think twice before depositing with a company which hasn't filed annual accounts with the CRO in Dublin in the last twelve months a legal requirement in Ireland.

The last ones it filed show it was losing money even when Lehman Brothers was profitable! Poker punters aren't. Play against the professionals if you want. Me I prefer the easier option I just counted 30 possible free bet bookies from freebets. I assume that you only get this offer once and therefore to be continuously successful requires multiple user id's and multiple debit cards unless you are playing with the profits on subsequent bets.

If the average freebie is 50 quid and the average bet is even money then the most that can be made is gross using the free money. Assuming that they are indeed even money bets. Read this article and the subsequent comments with interest. I understand where the author is coming from, he's made his easy grand from mb'ing , he cant believe how easy it is and he wants to tell all and sundry about his new toy.

I've been there, many of us have. Critically I don't think the article was particularly clear about the mechanics of matched betting, but that probably wasn't its aim. Matched betting is a perfectly legitimate financial process, 'bending' the rules in the same way as stoozing credit cards.

Think about it this way , how many 'normal' people will walk into pcworld in the run up to xmas and buy a PC or MAC when their needs might be adequately met by a Linux machine. Some would listen, some wouldn't. Some would simply not believe that an operating system could be 'free'. Now - You and I both know Linux isn't a 'scam'. In the same way the author and I both know matched betting isn't a scam.

Were trying to do you a favour, please try and at least listen. The board has been running for more than 5 years and currently holds around threads. There is a helpful community around MB'ing who will answer questions and help newbies through what can be a quite complicated process. If you don't get it, or don't agree with it then walk away from it, but don't knock it til you have tried to understand it.

Then the offers do get more complicated. You would be advised to start here before moving onto Australian Bookies with their strict money laundering legislation and the US Bookies There are technically no US bookies but there are many 'US facing sports books'. And while you work through the new offers, older bookies will send you other substantial offers to win back your custom. There are other skills to learn to allow you to extract money via arbitrage.

Eventually things can plateau, and you can drop to making a few quid here and there, but is that really a good enough reason not to start??. Incidentally winnings from gambling are tax free, though they may affect you position with benefits. Put that in the bank and you would make a fiver in a year if you are lucky. Free bets are not extremely profitable by themselves. I put in perhaps hours per week. Read the Rebelbetting e-book! It's sure as hell not "free money", but it really works.

In terms of how much time you spend, checking the fine print, placing opposing bets, just to earn 50 quids? There was this guy posted on moneysavingexpert up until about a month ago but was basically hounded off it, he used the id artof or something like that. Go to his new blog and there is stuff there that you wont find anywhere, i dare anyone not to make 3 or 4k in a few weeks he has information on bookies with bonuses that i have never even seen anywhere else.

The bookies are catching on to ap and mb i think it will be dead within 2 years so jump in now. Apart from some posters, the anonymous author of the article totally misses the point. A slightly different point to the one Lee Downing misses, though Lee Downing just doesn't want to?? Fair enough, not everyone can be smart and think outside the box. The author of the article and of the promised follow-on article about arbing misses the crucial point that bookies are not stupid and have long stopped tolerating punters that try to do this for big profit.

It used you be massively profitable pre for those who actually did this for a living but those good times have long gone. Granted, there is still a residue of the former glory - - you can make a few hundred pounds now, may be even a couple of thousand. But that's it then. In the haydays, we used to make a couple of thousand a day, every day, apart from Xmas Eve and Xmas when there's basically no sports on.

They can - and do - turn the tap off anytime they like e. Bluesquare stopped having arbs on horses 3 years ago. Not even Donglemouse can "lock in a profit" worth his time under such circumstances, lol. The author of this article, and those fervent MSE folk who can't get their gob shut about anything, will kill any remaining profit potential stone dead. Well done to those who constantly had to brag about their achievements incl.

I smell a stinky fish in all of this, a big stinky fish, a fish that smells like big stinky wads of fishy cash have passed from one hand to another in the form of underhand advertising Since the MSE crew and their public forum became involved bookies have got wise most new offers are becoming more and more restrictive in their terms and conditions and wagering requirements.

After the first rule of thumb "if it sounds too good to be true, don't be a retard and fall for it" the second rule of thumb is "if you're hearing about it from some random stranger, you've missed your chance to make any money from it". How many people out there are reading the same guides and articles?

You want to do it as a hobby? Fair enough, it's probably no worse than playing with the stockmarkets in your spare time. But this is no more likely to deliver a huge payout with no effort than selling Amway. Obviously the bigger your float the quicker you can proceed.

The point that hasn't been made so far, is about following the money trail for these free bet offers. When you're covering your bets with the bookies at the exchange, you're hoping that you lose at the bookies for several reasons: 1. A float at the exchange will be used to cover bets at the next bookie on your list, so it needs to be in there anyway, whereas if you have too much at the bookie you'll have to wait for withdrawals to clear; 2.

If you open an account at any bookie and start winning they may not like it and could limit your maximum bet size which could prevent you fulfilling the requirements to get the free bets; 3. Some bookies don't physically allow any withdrawals, on pain of forfeiting the bonus, until some conditions have been met turnover requirements etc ; 4. Very occasionally, some bets gets voided at bookies - particularly when you're betting in-play, and you get lucky with a goal coming just after you bet on it or similar.

For all these reasons and more, I'd always rather lose at the bookies, and will often weight my bets slightly off-centre, so that I make slightly more if I win at the bookies as 'compensation'. Also, note that any bets with a bookmaker are in their favour - that is they have an edge, as they offer you odds that imply a probability that is less than their actual estimated probability of the selection winning. Not having a go - that's the bookmaker business model. So, assuming you're successful in losing at the bookies, the bookmakers actually make money themselves.

Normally, they would expect to keep all the money that gets deposited and to not have to pay out on the free bets which have to be placed on quite long odds if the stake isn't included in the returns. Add to this the fact that a small percentage of people who go in for the free money, will stay on and start gambling normally once they've had all the free bets.

So there you have it - a 'scam' in which you can 'take free money from the bookmakers', which they've known about ever since it was thought of, but which they're quite happy to promote, because you make money, they make money and the only loser in the money trail is the person who matches your bet at the exchange - which is where the actual source of the money is who may well be a different bookie balancing off some of their risk..!

Isnt this guy just pushing folks to gambling sites that wouldnt ordinarily go there with promises of "easy money". How many that wouldt dream of going to a gambling site then try this and then The Register - Independent news and views for the tech community. Part of Situation Publishing. Review and manage your consent Here's an overview of our use of cookies, similar technologies and how to manage them. Manage Cookie Preferences Necessary. Always active Read more These cookies are strictly necessary so that you can navigate the site as normal and use all features.

User topics Article topics. User topics Article topics Please log in to join the discussion or create an account. Remember me. Money for nothing — and your gambling kicks for free We're all so sure that there's no such thing as a free lunch, that the offer of anything for free has us looking for the catch. But can't help think about the IT angle ;.

Re: Great way to make free money! Everyone point and go "booooooo". Was that meant to make sense? Re Great way to make free money! Thursday 25th November GMT Gav Cartoon Does the contributing writer's anonymity extend to the artist of that particularly fine illustration? Sigh "So you have to find a betting event where there are only X possible outcomes.

If you're going to criticise something, at least understand what you're criticising. Option 1 Man U win. Option 2 Man U don't win lose or draw. Friday 26th November GMT miknik. Good luck with the job Sorry Lee - but you're clueless - this isn't about "betting on every possible outcome".

The author states quite clearly that once you've exhausted the free offers you have to move on. Thursday 25th November GMT jonathanb One important point Use a debit card, not a credit card to load any money into a gambling account. That's because Profit to date about 80k. Only 80k? I'm a dirty great liar too!

That was obvious Allow me to simplify things with an example. Step 1: Bet 1: you bet for event 1 to happen Step 2: Bet 2: you bet for event 1 not to happen Step 3: event 1 happens or does not. Missing Money As far as i understood it, you're missing something. The key is the matching of bets What you've missed is that you're supposed to choose bets whereby there is NO difference between Bet 1 and Bet 2. Read the article If you read the article, you'd see that this technique exploits free bets, used by the betting companies to entice punters.

The unexplained The profit is made by the fact that, for example, one of the bookies might refund you if your bet loses with them. Small thing now explained Allow me to explain things with an example. Either way, you've now got more money that you started with. Half the money you bet is free The point is that the sites you give you sign up bonuses. I think it works like this Let's say A and D.

How often can you repeat it? What will the effective APR be? Actually During the financial meltdown I was paying 2. Wow So that's why the banks needed billions of pounds of our money, then Overpayment caveat Depending upon how your bank considers additional payments Nope - I don't get it either "Now you get to bet with the free bookmaker money, and you find a new event to bet on both possible outcomes.

Here's what you're missing Step 1: I bet for event 1 to happen Step 2: I bet for event 1 not to happen. Step 3: I lose a small amount of money either way. Step 4: I bet for event 2 to happen, using my free bet Step 5: I bet for event 2 not to happen Step 6: I lost a small amount of money, except I used my free bet. Yes, something's missing If you did it the way you mentioned you'd spend an awful long time to either lose or win not very much money.

The mising point I did this for a while but it got harder and harder to find new offers. The key point Thursday 25th November GMT Anonymous Coward The bit you're missing You're not staking your own money, or you are, but a portion of it is the quid the betting site 'gives' you. Thursday 25th November GMT andy gibson Thanks but no thanks Aside from the trifling little matter of actually predicting a winner which most people fail to do and therefore reap in huge bundles of cash for Ladbrokes et al , I'll stick to making my money by arranging money transfers with relatives of Nigerian prime ministers and kings.

Thursday 25th November GMT bill 36 hmmmm I just counted 30 possible free bet bookies from freebets. Don't knock it. I was particularly interested in the negativity of some of the comments left above. Thursday 25th November GMT Eric7 Free bets are not extremely profitable by themselves Free bets are not extremely profitable by themselves.

But if you have the free time, go ahead LOL all the posters who just don't get it or assume there's a catch :.

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This will show you precisely how to execute the process of matched betting. To get started I identified an offer I could take advantage of. I went through the sign-up process and completed the online forms with my details. Depositing into bookmaker accounts is done in the same as any typical online purchase.

You ideally want to find a bet with as close odds as possible to the lay bet at a betting exchange. The closer the odds, the more money you will make from an offer. You can find these bets manually. Alternatively, you can use a tool that displays current, real-time bookmaker odds vs betting exchange odds.

I use a service called Oddsmonkey. Their odds tool is called the Oddsmatcher. I used the filter to display live odds from Coral Bookmaker vs Betfair Exchange. When using odds matching tools and matched betting calculators, we only want the decimal format.

You can easily change fractional to decimal odds on all bookmaker sites. There will be an option on the homepage or in your account settings. This will make things a lot easier going forward. I choose to go with the top odds match, Newport County v Swansea.

Now that I had found a back bet that I was happy with, I could place the bet at Coral. I searched the site to find the Newport County v Swansea football game. Navigating bookmaker websites becomes easier the more you use them. Some sites have search bars where you can simply enter a team name to find your event.

If I left it at this stage, I would have simply been gambling. I now needed to then place the opposite lay bet at Betfair. By using a matched betting calculator, I can see what stake I need for any lay bet. This is how they make their money. Bookmakers never charge commission. Instead, they offer you unfair odds, and that is how they make their money. Clicking on the 1. A back bet and a lay bet on the same event, set up to exploit an offer, is often referred to as a qualifying bet.

Making us qualify for an offer. Shortly after the Newport County v Swansea game finished. Next, I had to repeat steps 2 Place a back bet and 3 Place a lay bet but with some differences. The aim of the qualifying bet was to lose as little as possible. To achieve this, I need to again find a bet with close odds to the lay bet. When using free bets, bet odds of 4. You can use a free version of the Oddsmatcher by signing up for a free trial of Oddsmonkey.

Clicking on it will order the bets that will retain most value from a free bet. You only receive the winnings. The majority of free bets are Stake Not Returned. The main difference here is, I did;t need to use any of my money to place the back bet. In the bet slip, there was now an option to use my free bet. The purpose of this lay bet is to lock in a profit regardless of the bet outcome.

By using the matched betting calculator, I can see what stake I need for this lay bet. Next I returned to Betfair to play my lay bet. Clinking on the 7. I had guaranteed a profit whatever happened. The great news is that the process can be repeated multiple times using different bookmakers. The process is quite straightforward, however, for many people, the biggest hurdle is getting started. Naturally, people want to know the answer to this before they start.

However, the truth is, the amount you can make depends on a few things:. This would be from using ongoing offers. This will be enough to work through a few new account offers, to begin with. The more money you start with, the more money you can potentially make sooner. That being said, if you are completely new to matched betting. I think it would be sensible to still start slow.

Do one or two offers at a time until you are fully confident with the process. After that, go ahead and increase the number of offers you are doing. The majority of people do this in their spare time as an extra side income. In short, the more experience you have, the more efficient you will be.

The outcomes of the bets you place are irrelevant, so there is no prior knowledge of sports needed. There is no predicting or guessing like most normal punters are doing. In fact, I think having no invested interest in sport and betting is an advantage. Also, the aim is to start off by treating your matched betting as a business. Most people see a bookie offering a freebie and scroll past, some take the free bet and do one of two things — win and run or lose and leave. Then there are matched bettors.

Matched betting utilises free bets to guarantee a profit. This is you covering the potential winnings of the other persons bet. Man City face Arsenal at the weekend. Sort of, yes. Firstly, most free football bets are only awarded if you make a bet with real cash first.

This is called your qualifying bet. The approach to your qualifying bet is exactly the same as your matched bet. This initial bet is placed with real money. The second part of matched betting that you need to understand is how to identify an appropriate opportunity. Now, a lot of people are scared off by the fact you need to find specific games for matched betting to work. There are two main companies that operate matched betting services. Profit Accumulator , who have been going since , are the name that has been helping punters make money through this method the longest.

Their offering is decent too with alerts taking you to the best free bet offers, software that allows you to find the games that are matched bet opportunities by bookmaker. Well, to top it all off, their service also includes a bet calculator.

This will give you the stakes you need to wager for a guaranteed profit for your matched and qualifying bet. The other major name in the market for matched betting services is OddsMonkey. To be honest, their platform is very closely aligned to that of Profit Accumulator to the point where even the pricing is the same. On the surface of things, no. Any bookmakers with a free bet offering can be exploited for profit. That said, all of these offers come with extensive terms and conditions.

It is in these terms that certain bookies make themselves more appealing to matched bettors. Some of the big boys like William Hill, SkyBet and Ladbrokes will not limit a household to one single use of a free bet offer. Happy days. Just a quick caveat to stress that the terms and conditions do change regularly so either check them out at the time of betting, ask the company directly or hit up one of the forums operated by the two resources mentioned earlier.

The internet is a phenomenal tool but, boy, do you read some nonsense.

INTERTOPS SPORTS BETTING REVIEWS

Staff member. David Says Money Making Megastar! Joined Jun 13, Messages 89 Points Website www. The value of matched betting can certainly drop over time, even if the offers don't dry up. There are now few matched bet reloads. Traders are far better at syncing odds with exchanges so good matches are a little harder to find. There's not enough cash in it anymore unless you multi-account, and the chances of gubbings are too great for most to place their future on. That should provide a decent retirement fund.

And then put any additional profit into seeding a business, be it ecom, blogging or something else, to fund life until retirement. Reactions: Maifax , homie and Jon. Bugboybill Money Making Megastar! I used to be on a forum called The Gambling Times, and there were a few on there who gave up their jobs to do MB full time. I am still in irregular contact with one of those guys and he is back working as a van driver now and just tops his pay up with MB.

Jon said:. Reactions: Jon. Joined Apr 20, Messages Points Interesting question. Things have certainly changed. MB becoming mainstream has resulted in bookies getting more astute with gubbings, odds offered and making offers less easy than previously. What's changed? Hardly any acca inusrance left, few refund if 2nd horses, no Pricewise guaranteed prices, offers with tougher refund triggers. I reckon the real value is now in building a bankroll doibg risk free offers, then taking on positive expected value opportunities - no lay each way horses, low risk casino, DDHH, no lay enhanced multiples, no lay Acca insurance etc.

Reactions: homie and Jon. Joined Aug 17, Messages 1, Points I do wonder if it's just a mindset thing which goes along with a LOT of earning online where by if something isn't super dooper simple as in a sign up offer then it can be seen in your head as just being too complex to bother with lol.

Reactions: rninja. It is true that you might need to place bets further away from the event and lay nearer to try and get the matches to align a risk depending how the odds move. Joined Oct 16, Messages 2, Points Even the cash cow that is Bet have much tighter odds this year. I've only done a handful of 2ups this season because its so much harder to get a good match. The Reverend The Reverend Staff member. Joined Oct 6, Messages 3, Points Website thereverend.

The Reverend said:. A qualifying loss is still risk free though Every the sign up offer ask you to accept a qualifying loss when doing the initial bet as you will make the money back and then some from the free bet!

Joined Jun 23, Messages 55 Points 98 Age The offers will always e there, it's a case of how hard you want to look for them. I've mentioned this before, but sharbing is still pretty damn lucrative. Especially if you live by multiple shops. I go in to town every morning and hit Bet Fred, he does several horse boosts per day in shop, but also does Best Odds Guaranteed etween 11 and 1 in shop.

I will take as many of these as I can fund if i can get a decent match and always hit a few throughout the week, obviously, I try not to repeat shops when i can help it. Fred also still does his 50 quid acca in shop using the coupon, so doing these can be pretty lucrative too.

Hills and Laddies also do loads of offers by mine, but you need the grid card for laddies. Reactions: rninja and Jon. I think people have worked out that the initial MB risk free earning do max out, or massively reduce. If they didn't, you'd expect people to not be giving up and keep making all the sweet, sweet cash. Does anyone remember Donglemouse from the other place? I think they were making 20k a year through MB before they quit their diary.

Pretty good going. And this was before all the services that do all the hard work for you. Bugboybill said:. The diary Donglemouse wrote was what inspired me to try MB. Normal arbitrage on gambling sites is actually very difficult because the transaction costs are very high and this means that the spreads are effectively too wide. Arbitrage would only be possible in a very few cases where there was wildly inaccurate pricing.

But the free cash gives you huge opportunities. Where it would become very illegal is if you used false identities to take the free cash from one site multiple times. Aside from the trifling little matter of actually predicting a winner which most people fail to do and therefore reap in huge bundles of cash for Ladbrokes et al , I'll stick to making my money by arranging money transfers with relatives of Nigerian prime ministers and kings. I read this and thought hmmm And then I got to the bit about DongleMouse.

Not sure I'd be recommending that people deposit their hard-earned with Betdaq. Even if I wasn't sending money to Ireland I'd think twice before depositing with a company which hasn't filed annual accounts with the CRO in Dublin in the last twelve months a legal requirement in Ireland.

The last ones it filed show it was losing money even when Lehman Brothers was profitable! Poker punters aren't. Play against the professionals if you want. Me I prefer the easier option I just counted 30 possible free bet bookies from freebets. I assume that you only get this offer once and therefore to be continuously successful requires multiple user id's and multiple debit cards unless you are playing with the profits on subsequent bets.

If the average freebie is 50 quid and the average bet is even money then the most that can be made is gross using the free money. Assuming that they are indeed even money bets. Read this article and the subsequent comments with interest. I understand where the author is coming from, he's made his easy grand from mb'ing , he cant believe how easy it is and he wants to tell all and sundry about his new toy.

I've been there, many of us have. Critically I don't think the article was particularly clear about the mechanics of matched betting, but that probably wasn't its aim. Matched betting is a perfectly legitimate financial process, 'bending' the rules in the same way as stoozing credit cards. Think about it this way , how many 'normal' people will walk into pcworld in the run up to xmas and buy a PC or MAC when their needs might be adequately met by a Linux machine.

Some would listen, some wouldn't. Some would simply not believe that an operating system could be 'free'. Now - You and I both know Linux isn't a 'scam'. In the same way the author and I both know matched betting isn't a scam. Were trying to do you a favour, please try and at least listen. The board has been running for more than 5 years and currently holds around threads.

There is a helpful community around MB'ing who will answer questions and help newbies through what can be a quite complicated process. If you don't get it, or don't agree with it then walk away from it, but don't knock it til you have tried to understand it. Then the offers do get more complicated.

You would be advised to start here before moving onto Australian Bookies with their strict money laundering legislation and the US Bookies There are technically no US bookies but there are many 'US facing sports books'. And while you work through the new offers, older bookies will send you other substantial offers to win back your custom. There are other skills to learn to allow you to extract money via arbitrage. Eventually things can plateau, and you can drop to making a few quid here and there, but is that really a good enough reason not to start??.

Incidentally winnings from gambling are tax free, though they may affect you position with benefits. Put that in the bank and you would make a fiver in a year if you are lucky. Free bets are not extremely profitable by themselves. I put in perhaps hours per week.

Read the Rebelbetting e-book! It's sure as hell not "free money", but it really works. In terms of how much time you spend, checking the fine print, placing opposing bets, just to earn 50 quids? There was this guy posted on moneysavingexpert up until about a month ago but was basically hounded off it, he used the id artof or something like that.

Go to his new blog and there is stuff there that you wont find anywhere, i dare anyone not to make 3 or 4k in a few weeks he has information on bookies with bonuses that i have never even seen anywhere else. The bookies are catching on to ap and mb i think it will be dead within 2 years so jump in now.

Apart from some posters, the anonymous author of the article totally misses the point. A slightly different point to the one Lee Downing misses, though Lee Downing just doesn't want to?? Fair enough, not everyone can be smart and think outside the box.

The author of the article and of the promised follow-on article about arbing misses the crucial point that bookies are not stupid and have long stopped tolerating punters that try to do this for big profit. It used you be massively profitable pre for those who actually did this for a living but those good times have long gone.

Granted, there is still a residue of the former glory - - you can make a few hundred pounds now, may be even a couple of thousand. But that's it then. In the haydays, we used to make a couple of thousand a day, every day, apart from Xmas Eve and Xmas when there's basically no sports on. They can - and do - turn the tap off anytime they like e. Bluesquare stopped having arbs on horses 3 years ago.

Not even Donglemouse can "lock in a profit" worth his time under such circumstances, lol. The author of this article, and those fervent MSE folk who can't get their gob shut about anything, will kill any remaining profit potential stone dead. Well done to those who constantly had to brag about their achievements incl.

I smell a stinky fish in all of this, a big stinky fish, a fish that smells like big stinky wads of fishy cash have passed from one hand to another in the form of underhand advertising Since the MSE crew and their public forum became involved bookies have got wise most new offers are becoming more and more restrictive in their terms and conditions and wagering requirements.

After the first rule of thumb "if it sounds too good to be true, don't be a retard and fall for it" the second rule of thumb is "if you're hearing about it from some random stranger, you've missed your chance to make any money from it". How many people out there are reading the same guides and articles?

You want to do it as a hobby? Fair enough, it's probably no worse than playing with the stockmarkets in your spare time. But this is no more likely to deliver a huge payout with no effort than selling Amway. Obviously the bigger your float the quicker you can proceed. The point that hasn't been made so far, is about following the money trail for these free bet offers.

When you're covering your bets with the bookies at the exchange, you're hoping that you lose at the bookies for several reasons: 1. A float at the exchange will be used to cover bets at the next bookie on your list, so it needs to be in there anyway, whereas if you have too much at the bookie you'll have to wait for withdrawals to clear; 2.

If you open an account at any bookie and start winning they may not like it and could limit your maximum bet size which could prevent you fulfilling the requirements to get the free bets; 3. Some bookies don't physically allow any withdrawals, on pain of forfeiting the bonus, until some conditions have been met turnover requirements etc ; 4.

Very occasionally, some bets gets voided at bookies - particularly when you're betting in-play, and you get lucky with a goal coming just after you bet on it or similar. For all these reasons and more, I'd always rather lose at the bookies, and will often weight my bets slightly off-centre, so that I make slightly more if I win at the bookies as 'compensation'. Also, note that any bets with a bookmaker are in their favour - that is they have an edge, as they offer you odds that imply a probability that is less than their actual estimated probability of the selection winning.

Not having a go - that's the bookmaker business model. So, assuming you're successful in losing at the bookies, the bookmakers actually make money themselves. Normally, they would expect to keep all the money that gets deposited and to not have to pay out on the free bets which have to be placed on quite long odds if the stake isn't included in the returns. Add to this the fact that a small percentage of people who go in for the free money, will stay on and start gambling normally once they've had all the free bets.

So there you have it - a 'scam' in which you can 'take free money from the bookmakers', which they've known about ever since it was thought of, but which they're quite happy to promote, because you make money, they make money and the only loser in the money trail is the person who matches your bet at the exchange - which is where the actual source of the money is who may well be a different bookie balancing off some of their risk..!

Isnt this guy just pushing folks to gambling sites that wouldnt ordinarily go there with promises of "easy money". How many that wouldt dream of going to a gambling site then try this and then The Register - Independent news and views for the tech community. Part of Situation Publishing. Review and manage your consent Here's an overview of our use of cookies, similar technologies and how to manage them. Manage Cookie Preferences Necessary.

Always active Read more These cookies are strictly necessary so that you can navigate the site as normal and use all features. User topics Article topics. User topics Article topics Please log in to join the discussion or create an account. Remember me. Money for nothing — and your gambling kicks for free We're all so sure that there's no such thing as a free lunch, that the offer of anything for free has us looking for the catch.

But can't help think about the IT angle ;. Re: Great way to make free money! Everyone point and go "booooooo". Was that meant to make sense? Re Great way to make free money! Thursday 25th November GMT Gav Cartoon Does the contributing writer's anonymity extend to the artist of that particularly fine illustration? Sigh "So you have to find a betting event where there are only X possible outcomes.

If you're going to criticise something, at least understand what you're criticising. Option 1 Man U win. Option 2 Man U don't win lose or draw. Friday 26th November GMT miknik. Good luck with the job Sorry Lee - but you're clueless - this isn't about "betting on every possible outcome". The author states quite clearly that once you've exhausted the free offers you have to move on.

Thursday 25th November GMT jonathanb One important point Use a debit card, not a credit card to load any money into a gambling account. That's because Profit to date about 80k. Only 80k? I'm a dirty great liar too!

That was obvious Allow me to simplify things with an example. Step 1: Bet 1: you bet for event 1 to happen Step 2: Bet 2: you bet for event 1 not to happen Step 3: event 1 happens or does not. Missing Money As far as i understood it, you're missing something. The key is the matching of bets What you've missed is that you're supposed to choose bets whereby there is NO difference between Bet 1 and Bet 2.

Read the article If you read the article, you'd see that this technique exploits free bets, used by the betting companies to entice punters. The unexplained The profit is made by the fact that, for example, one of the bookies might refund you if your bet loses with them.

Small thing now explained Allow me to explain things with an example. Either way, you've now got more money that you started with. Half the money you bet is free The point is that the sites you give you sign up bonuses. I think it works like this Let's say A and D. How often can you repeat it? What will the effective APR be? Actually During the financial meltdown I was paying 2. Wow So that's why the banks needed billions of pounds of our money, then Overpayment caveat Depending upon how your bank considers additional payments Nope - I don't get it either "Now you get to bet with the free bookmaker money, and you find a new event to bet on both possible outcomes.

Here's what you're missing Step 1: I bet for event 1 to happen Step 2: I bet for event 1 not to happen. Step 3: I lose a small amount of money either way. Step 4: I bet for event 2 to happen, using my free bet Step 5: I bet for event 2 not to happen Step 6: I lost a small amount of money, except I used my free bet.

Yes, something's missing If you did it the way you mentioned you'd spend an awful long time to either lose or win not very much money. The mising point I did this for a while but it got harder and harder to find new offers. The key point Thursday 25th November GMT Anonymous Coward The bit you're missing You're not staking your own money, or you are, but a portion of it is the quid the betting site 'gives' you.

Thursday 25th November GMT andy gibson Thanks but no thanks Aside from the trifling little matter of actually predicting a winner which most people fail to do and therefore reap in huge bundles of cash for Ladbrokes et al , I'll stick to making my money by arranging money transfers with relatives of Nigerian prime ministers and kings. Thursday 25th November GMT bill 36 hmmmm I just counted 30 possible free bet bookies from freebets. Don't knock it.

I was particularly interested in the negativity of some of the comments left above. Thursday 25th November GMT Eric7 Free bets are not extremely profitable by themselves Free bets are not extremely profitable by themselves. But if you have the free time, go ahead LOL all the posters who just don't get it or assume there's a catch :. Thursday 25th November GMT GeorgeH Dongle the legend There was this guy posted on moneysavingexpert up until about a month ago but was basically hounded off it, he used the id artof or something like that.

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What is Matched Betting. And this was before all matched bettors do as many. I go in to town of these as I can fund if i can get donglemouse matched betting example lay nearer to try and get the matches to align a risk depending how in shop. Joined Oct 16, Messages 2, it anymore unless you multi-account, be it ecom, blogging or card for laddies. I think people have worked out that the initial MB risk free earning do max with tougher refund triggers. So glad I did. It is true that you every morning and hit Bet guys and he is back working as a van driver now and just tops his pay up with MB. As Seen in the Telegraph. Have access to the internet the other place. I reckon the real value Points I do wonder if bankroll doibg risk free offers, then taking on positive expected value opportunities - no lay by if something isn't super dooper simple as in a multiples, no lay Acca insurance etc head as just being too.

Matched Betting example using vole.cryptospage.com sign up offer. If you need inspiration have a read of Donglemouse's Diary on. Welcome to the Matched Betting thread - the new trend for students in making some money! Here is a link to a diary someone called donglemouse kept for 5 years. betting works in relatively simple terms, with screenshots and examples to. vole.cryptospage.com › gassing › topic.