Thetownend.com

anyone done this? can't be bothered trying to explain it, just would be interested to know if anyone else has experience of it?

i've made £1377 since the last week of june on casino bagging and am currently attempting the transition to matched betting for sign up offers, but its really complicated but seems like actual free money.

if this doesnt apply to you then die  :smile1:

aww I wanna know what it is :x

I want £1377 as well

Eh?  Explain?  I don't want to die, but this sounds just about interesting enough to risk it...

Hmm ive just read about it.

Im certain id lose money.

hahaha ok i will, yeovil i've sent you this link over msn about a hundred times.

right bagging works on the process that casinos give you a sign up offer of say "we will match your first deposit by 100%"... which means you put £100, they give you £100 back... therefore you have £200.

but you can't just withdraw that cash you have to fulfill what are known as wagering requirements, which is basically the amount of times you have to bet your free cash before it's yours.

so say for £100 bonus you might have to make £1000 worth of bets. why not £500 on red and then £500 on black, come out even an withdraw the lot? because casinos aren't stupid- roulette, baccarat and craps are banned because they are too low risk, meaning you can easily complete the wagering requirement without ever losing money.

but blackjack is very low risk and there are still loads of casinos that allow it. so play 1000 hands of BJ at £1 a hand and you've fulfilled it, you will be about even at the end of it, then withdraw the lot.

thats pretty simplified but there aint much too it, would be perfect for you yeovil because you're on the comp for ages at work.

dont mean to gloat but i made £515 in about 5 hours the other week  8)

the link for a proper explanation and start up tips is hxxp://www.fundmydegree.com... give that a proper read through and if you wanna start up, and are unsure about anything, feel free to pm me and ill see what i can do, but the forum on that site is good too.

I really dont think I have the restraint not to blow it. 8)

I dont think ive ever had the link off you Dex,but then if it was www.fundmydegree.com I probably thought you were talking to someone else :D

its more like fundmymortgage/flatscreen/new car though because the profit can be massive.

you should give it a bash, blackjack is pretty fun but making money for not doing much is funner  8)

Im going to try it .

** Major bump **

Just been reading up on matched betting and remembered this thread.

Think I might take a venture into this, I've got quite a good grasp of it now and want to start cashing in on the free money  8)

I've read about people making £4000 in six months! And it's all win-win. Happy days.

Maybe researching into it does lower the risk. But I'm pretty certain for every £4000 winner there is a bigger loser out there. Be careful!

If it's done properly then there is ZERO risk.

How?

I assumed you couldn't take your own money back out until the minimum bets criteria was met (or you'd lose the match?

absolutely zero risk, only make about 20 a time typically.
iv do it every week and it pays for my beers, going to do it more seriously over the summer to pay off my overdraft.

you really have to understand it perfectly before you should have a go because if it isnt done properly then you'll probably lose money.

if you match bet properly, you will win exactly the same amount of money on any one game regardless of result/scoreline.

you need to read the tutorials, then read them again, and again, then if you still have any niggling questions, read them again. feel free to ask me questions about it though.

OK, cheers Stroooooooooooood.

note: the bonus bagging mentioned on this where i made serious cash last summer is just about dead now, with loads of casinos taking blackjack off of the bonus offers, so its no longer such low risk.

matched betting is the way forward.

I might do it "On paper" at first, to make sure that I know what I am doing before I commit any cash.

I've done a similar thing with poker, there's always sign up and redeposit bonuses about.

I just don't have the time to play sensibly enough to make a decent profit though.

It's complex, but involves both placing and laying a bet on the same outcome. That way, you fulfill the qualifying requirement to gain the free bet and you break even.

Say you bet on Team A to beat Team B at 2/1. You place a £10 bet on Team A and also lay £10.

So if Team A win, you win £20 (£30 minus £10 stake) and you also lose £20 on the lay. Break even.

If Team A doesn't win you lose £10 on the placed bet but win £10 on the lay. Break even.

Now the profit is made by using free bets, so use the example above but using a free bet:

Team A win, you win £30, you don't take off the stake because it was free. You also lose £20 on the lay. £10 up.

If Team A doesn't win you lose £0 because it was a free bet but win £10 on the lay. £10 up.

It's more complex than that because you never get identical odds on placed bets and lays (well, maybe on very rare occasions) but you can mostly guarantee 75% to 95% of the "free bet" as your winnings.

yep it involves laying at betfair and betting at different bookies every time to gain their free bet sign up offers.

the skill is involved in finding matching odds to maximise profit.

Strooood, there's a guy on the moneysavingexpert forums who's constantly finding arbs.

i've had a few but the commission you pay at betfair pretty much cancels the 'profit' aspect of them.

I've done it once and it's easy...

Opened a Ladbrookes account (Payed in £20, they matched with £10) - opened it through Quidco which is a cashback site which payed me £20 once i'd made three bets.

Opened a Betfair account (Payed in £50, they matched with £10) - again through a cash back site awaiting £25 for signing up.

Bet on three football matches at ladbrokes (£10) and matched the bets at Betfair. The three matches won which was irrelevant, cos either way I'd have won.

Withdrew £47 from Ladbrookes (my £20 + free £10 + £17 winnings) and £44 from Betfair (my £50 + free £10 - £16 losses) = £91 profit from my initial £70 outlaw.
Plus I've got £20 from Laddy's in my Quidco cashback account and am due another £25 from Betfair (which might not be coming).

Either way cash in hand today - I've paid out £70 and have £111 back. £41 for about a half hour's work on the internet.

I'll be doing it again when I get the chance.

To be honest this sounds like a lot of fucking about for a few quid. Why not just go down the bookies the good old fashioned way  8)

thats exactly what i thought at first.... but it really isnt alot of work if u have 2 brain cells to rub together.

basically the time spent doing fuck all is now spent earning pure profit, topping up the old overdraft in the process.

Does that mean you can finally pay back some beers strood?

I might have a crack at it then, suppose once you get used to what you're doing it's easy(ish)?

Especially as I shall be rejoining the student ranks come Sept.

absolutely not.

So do you have to sign up to loads of bookies to get free bets? What happens when you run out of bookies? Can you just open another account because I didn't think you were allowed to do that

only one bet at each bookie. but type in free matched bet into google and see how many results you get.

Sweet. I will give this a go. When my exams are over I am planning to re-learn how to play poker properly again as well.

Given this a whirl tonight. Managed to lay a bet on at lower odds than the bookie as well so I am happy  :smile1:

Ive rediscovered Bet Fair over the last couple of days.Its very addictive :mrgreen:

It took me a little while to get used to the interface, but it actually makes it well easy to use  :D

Casino bagging works !

£350 up since Friday.   Just read all the T&C relating to bonuses, stick to blackjack, and play to the approved basic strategy (which I'm sure will be online somewhere). Some of the casinos don't allow Blackjack for bonus qualifying. I've ignored these.

Avoid "getminted".  I'd recommend Littlewoods and Intercasino to start with.  It does take a while to get your qualifying bets done, and a bit of patience is required.

Did this about a year ago, made a couple of grand.  A mate of mine is around £30k up from doing it whilst a student, apparently video poker is the way to go with this too, as you have wager higher amounts but can make a bomb.  Grosvenor, intercasino WillHill are all good casinos, the best are the downloads as they play wuicker, the flash ones can be real slow.  If you have plenty of mind numbing time its a sure fire winner.  I managed £465 in one episode of nieghbours once.  

Note its rubbish if you are addictive in any way, a mate of mine had to quit after having issues after coming in after the pub and then losing a fortune.

I might have to try this. I've made about £400 from poker bonuses but it's very possible to lose more than that while you're clearing them if you are not very good so it's not definitely not a get rich quick thing and the bonuses are not as good as they used to be now. Overall I've made just over £2500 from online poker now but it took a lot of time to get good. I still have quite a lot of money on neteller, do these sites use that?

What are the minimum qualifier amounts for you to withdraw on those two sites?

I'm gonna give this a whirl I think. I think I have nailed but I want to be sure first.

Are there any tips on finding matches with good matched odds?

Not sure if anyone still does matched betting or not, but I've been doing it quite a bit since being back at uni and have made a couple of hundred quid in the last few days.

I found this website earlier (hxxp://www.bet72.com/categories/Oddsmatcher) and it has a cracking piece of software on it.  It basically streams football odds directly from bookies and betting exchanges (betfair & betdaq - betdaq is currently offering only 2% commission until the end of the year as apposed to betfair's 5%).  The software then compares and calculates how close the odds are at the bookie/exchange and tells you the % return you will make by betting/laying on this match.  The other thing that it shows are arbs (where the odds at the bookie are higher than those at the exchange, so you make a profit whatever the outcome of the game) which is great as these are usually hard to find.

I just wish that I had found this earlier as I've spent quite a lot of time looking around for suitable odds to bet on, and not only does this find the best odds for you, but it saves you a load of time looking for them.

The only point that I would add is that if you are likely to be using it to find arbs and it throws up games in the Russian 3rd division, try to be a bit subtle if you're betting large amounts on it as the certain bookies will know what you're up to and may limit your account!

i love tea bagging

Bumpage.

So that oddsmatcher piece of kit looks good and makes it all (seem) easy.

Just to avoid any confusion (for me): In addition to the bookmakers offering free/matched bets, the betting exchanges also offer free bets. Am I right in thinking that it is only the free bet from the bookmaker that I need to be paying attention to? (at least for now).

How many sites are there offering free bets? I can't seem to find that many.

Glad I found this.

With employment so un-reliable out here I needed another income and this is beginning to work nicely.

Ah you two seem to get on so well.

Had a go at this last night, still a bit confused but I think I have it right. I managed to get the same odds on both outcomes; 2.7.

I've layed £15 against a Spain win on Betfair. Total Liability is £25 and it pays out £40.

I've also bet £25 on Spain to win at Stan James, which is matched with a free bet sign up offer.

So If Spain lose, I lose my £25 on Stan James, but gain £40 on Betfair = £15 profit.
If Spain win, I lose £25 on Betfair, but gain £40 on Stan James = £15 Profit.

But wait!! My Stan James bet was matched, so if they win I also get another £40. That's free money.

Are those odds to win in 90minutes though? Your screwwed if its a draw!

It will be.

You'll be praying it isn't a draw!

No, I assume he layed a Spain win, so any other result e.g. lose or draw should result in a payout.

John, you don't get the payout on a lay, you only get what you stake.

If Spain don't win you're going to lose £10 overall net. If they do you'll make £17 profit.

Correct.

Simon Pieman, can you explain further please? Use sums!

When you lay a bet you're offering the bet to someone (acting as the bookies). So you're effectively saying if you want to bet £15 I will give you odds of 2.7.

Just like the bookies, if the person you offered the bet to loses their bet i.e. Spain fail to win you will make the £15 that they bet. However, if Spain did win then you'd have to pay out £25.50 (as you don't physically have the £15 they bet, Betfair does until the bet is settled).

So at Betfair you could make £15 or lose £25.50 (net profit/loss)
At Stan James you could make £42.50 or lose £25 (net profit/loss)

If Spain win you will make £42.50 profit at Stan James but lose £25.50 on Betfair = £17
If Spain fail to win you will make £15 profit at Betfair but lose £25 at Stan James = -£10

I suggest if the odds are still the same on betfair for the lay, lay off another £10. You'll make no profit/loss (except perhaps a few pence loss in commission) but as you point out you'll get the free bet. Do the same thing with the free bet and you will make guaranteed profit. This is because you are not going to be staking your own money at the bookies.

I'm assuming this bet is a normal one using your own money and not a free bet at the moment.

So I should be staking the same amount on both sides of the bet then? I thought i had understood this, but maybe not. My head hurts.

Google for a matched betting calculator.

I have:

Back Stake £25
Back Odds 2.70
Lay Odds 2.70
Lay commission 5%
           
Lay Stake £16.04
Liability £27.26
Outcome Summary:   Back       Lay   
Bookmaker Profit         £42.50 £0   
Exchange Profit          £-27.26 £15.54   
Overall Profit              £15.24 £15.24   

60.94% Retained 

I think I get it now. My odds calculator is assuming my free bet was free. It wasn't, It was £25 with £25 matched.

EDIT> I have clicked the wrong button on my odds calculator!! I should have layed £25.43, liability of £43.30 with a guaranteed loss of about 0.80p

Live and learn - I fucking hope Spain win now :D

The odds have dropped to 2.58 for the lay on betfair. Should I lay more money or not?

Lay £10.50

Cheers Si.

Here:

http://www.free-easy-money.com/

Nice one BK, I'll have a read of that tonight.

Update.

Lost £40 @ Betfair
Won £65 @ Stan James

Tomorrow I get £25 free bet from Stan James, and Betfair refund my first losing bet (£15 but would have been more if I had layed correctly in the first place).

£65 up so far but I need to re-bet the Stan James money and don't get the stake returned.

If you use a back/lay calculator with an option to select no-stakes-returned free bet, it'll tell you exactly what you need to back/lay in order to guarantee profit.

It works best with the highest odds. Unfortunately this means you need a lot of money in Betfair to cover in case it loses. But as you win a few of these your bankroll can go up and you can start looking at bigger odds to max profit out.

I've written down exactly what I have done and i have it settled in my head now. Going to borrow large amounts on my credit card to get started :D

that's the spirit.

Don't forget to sign up to somewhere like quidco or cashback kings. That way you get extra moooler

I'm on it.

Actually, avoid quidco. They have had a lot of complaints recently.

Any others I should check out?

Do a search for "cash back sites"

Have a butchers on here as well: http://forums.moneysavingexpert.com/forumdisplay.php?f=41

Quite a busy forum who answer questions quickly

Good forum. Found this little gem near the top - https://www.caigames.com/20-free-terms

I'll be having some of that

^^ £84.25 collected from a £20 deposit. Lovely stuff.