The Ultimate Professional Guide to Winning at Sports Betting by Henrygoldman - HTML preview

Chapter 19 - Bonus chapter

It almost pains me to write this chapter. Up to now we have discussed making money through arbs. It’s risk free betting using intelligence, subtlety some simple maths and ingenuity. All relatively straight forward but a well crafted tool made up of several parts when used together to gain easy risk free money.

Unfortunately there are those for whatever reason will not read this book carefully and will not apply its principles to make a lucrative income part or full time. Whether you are one of those people or the other sort who having seen the opportunity, and grasp it, this chapter is a quick method, a blunt instrument, for earning a few hundred pounds with little effort or subtlety.

On the basis that money is money, and if its being given away we might as well take it, let us explore the world of bookmaker opening offers.

Many people use this without having any knowledge of arbs. Even if you don’t use this book to earn a steady regular income through finding arbs, this method will ensure that the price of the book is more than covered several times over.

This runs along the same lines as the arbs business in that you need to open as many bookmaker accounts as possible. This costs nothing, except time. These organisations are desperate for new business and to increase market share. The result is that virtually without exception they will all offer you a one-off bonus for opening an account with them. The offers vary and are continually changing.

The main asset of on-line bookmakers is their clients! The more clients they have placing bets, the more profits they will inevitably make. They may have the slickest organisation with the best designed web site but without any clients they will be out of business very quickly.

Bookmakers will do as much as they can to entice you to become one of their loyal clients. It is a fact that once you join one bookmaker you are unlikely to readily move accounts to another. It’s a bit like opening a bank account. They are all very similar and apathy means that once they have you as a customer you are unlikely to go to a competitor without good reason.

This chapter is a guide to what you can expect and how you can take advantage of their generosity. Clearly they are expecting that once you have opened an account with them they expect you to continue placing business with them and make them a decent profit from your activity. You will become a valued customer. Why else are they in business? Why else would they give these opening offers out for free?

Firstly when opening a new account you will need to establish what the opening offer is for opening the account. There is nearly always some sort of offer. They can be awfully forgetful about mentioning this and once you have placed your first bet the offer lapses. Typically the offer will be a matching bet. For example you place £10 on a result and they will match the amount and give you a free bet for this amount at the same time.

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This generosity is typically £10 or £20 but high street bookmakers have in the past and still do offer up to £50 as a free bet. Let us assume the free bet is £10. What we need to do is find an event like the arbs that is limited to 2 or 3 possible results. Once this is done all we need to do is cover all eventualities, or possible outcomes. Also, we are looking for an event that is evenly matched.

Take a tennis match as a good example. Two players two results player A or player B

wins. Say for example that both players are 10/11 on to win. All we need to do is open an account with £10 to win on player A and add the bonus £10 of the opening offer to the bet. We have £20 on player A to win. Just do the same with another bookmaker but bet £10 on player B to win and also add the £10 bonus.

Sit back and collect your profit. Either result will see you make a profit. Total stake is

£20 of your own money. We have a stake of £20 on the winning result which is returned to us and also winnings of 20 x 10/11 = £18.18, giving a profit of £18.18. It’s really quite straightforward.

Remember the best way for this to work simply is for the event to have two outcomes only with similar odds. You can bet on soccer with 3 results you just need to tie in three bets at the same time covering all possible outcomes.

The free bets will usually coincide with that week’s major sporting event to encourage new punters to place a bet. A major soccer tournament will see the bookmakers offering free bets on match results or the tournament winner. This is clearly to drum up interest in the sport.

Wimbledon fortnight for example will see a flurry of free bet offers for the tournament winner or individual match results. With such an initial large field it is more advisable to wait and to go for the match result between two players.

Once you have taken advantage of the free bet get your partner to do the same, then your relatives if they are over 18. Trust me its easy money. The bookmakers are desperate for your business. These offers vary weekly, be patient.

Remember there are so many bookmakers out there vying for your business they need to be competitive. Pick up any daily paper and you will see the major bookmakers advertising their odds for that day’s big sporting event with their particular free offer for that day.

Opening bonus amounts.

When you open an account with some bookmakers you can deposit a sum of money say £500 and get a top up bonus. This is a percentage of the deposit added to your account. There is always a maximum figure. The top up bonus may be 10% with a maximum top up of say £30. Still that’s £30 of free money. The only restriction is that you will need to actually stake the free £30 before you can withdraw it at a later date.

Not really a problem and again something for nothing.

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Special terms events.

To lure the average punter into placing a bet the bookmaker may offer a ‘special terms’ bet for a major sporting occasion. This goes along the lines of, bet on the correct result, win lose or draw of say England v France at soccer. If you are wrong normally you would lose your stake but the special term might be that if a named England player scores first then all losing bets are returned. Again expect a maximum limit on the stake as this is created to attract Joe Public to have a bet but not a serious punter, or even an arbitrageur.

If you were running an arb on this event and the losing side of the bet was on England and your stake was returned for the above reason this would be a welcome bonus.

Actually these special term events are quite common but the event will not necessarily throw up an arb opportunity.

Top up bonus.

This is exactly what it says. It’s a top up bonus when you deposit funds in your bookmaker's account. Typically 5% seems to be the normal and the foreign bookmakers are more likely to offer this. It’s not usually offered by the British companies. For some reason they decide on a particular day of the week usually to coincide with the heavier betting pattern of the weekend. See individual companies for details. To be honest, to me this seems like bookmakers giving money away, still don’t look a gift horse in the mouth.

Several bets bonus.

Currently there is at least one bookmaker that deems it necessary for you to have at least 10 bets before they will give you your bonus credited to your account. The terms are each bet must be at least for £20 and they must be odds against. However the bonus is £100 credited to your account so it is worth having.

All you have to do is lay out £200 to return £100. Well if you have read the book this far it is quite straightforward to turn a nice profit from this arrangement without even using arbs. Just pick ten bets where the odds are slightly greater than evens. This will reduce your chances of being wiped out if you had gone for 10 long priced bets. Now just wait for the 10 bets to ‘mature’.

By laying 10 bets for £20 you can expect to get back about £180 on average. The normal percentage profit for the average U.K. bookmaker is 10%. So expect to win maybe 90% of your money back. Then you have qualified and the £100 is credited to your account.

It is statistically very unlikely that you will lose over £100 from your 10 bets if you choose prices just over evens. Think about it. A little more work but the average Visit www.SportsBettingLoophole.com

player will make £80. Obviously if you are using arbs to create your bets then half of your bets will on average be winning ones and you will profit even more.

Websites to help

Life just got easier again. There are several free websites that kindly list the latest offers of free money that are available to the punter.

Three of these sites are: www.bets4free.com; www.betrescue.com; www.free-money.co.uk.

They clearly don’t list every offer and are probably affiliated to the organisations listed but they are a good starting point and any new offers are sent directly to our email address and they are free to join.

Just by viewing these sites you can see that they offer several hundred pounds in free bets.

Conclusion

There you have it, probably the closest thing to people giving away free money. As I said before you can probably realistically make a few hundred pounds if you exploited all of these offers. The free bets will not always be suitable e.g. The winner of a major horse race like the Grand National or the Kentucky Derby, even with a free bet is worth avoiding as there are so many runners. Stick to bets with two or three outcomes. Obviously, for the purposes of extracting more free money, you can use a family member to double your profit. This is the closest you will come to earning money for nothing.

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