emanymton
A cat politely sat on the flaming gardener.
Ok, OK. Is that guy paying you commission.+VAT, so it's about £31 or something weird.
Kinda, log into the site first, read the FAQs, but essentially as in the video tutorial above, the only real things you need to do, is click the 'get a bet' and 'get a free bet' buttons, when you click those buttons.....
As above quote
Yes, you'll need about £100, let's say the first offer is sign up and bet £10, and get a £10 free bet when the first bet has settled. So you need to deposit £10 in the bookie, but you'll also need to do a lay bet (a bet agaisnt what you've just bet on) at a betting exchange. Betfair is the one used as it's easier for newbies and there usually more money in the exchange (an exchange is just people like me and you, giving odds on something, and setting the odds ourselves, however for the bet to be taken, someone needs to accept it, which is kinda what we do, so when we do the lay bet at odds as close to what the original bookie was advertising, we ourselves, are becoming a bookie. This is where you need to cover your liabilites thou, if the bet was at 4/1 then you'll need £40 in the betfair account to cover it. So if the bet wins at our bookie, £50 ends up in our bookie account, (our stake is returned and the winnings) if the bet loses at the bookie, you end up with £50 in your betfair account (you get you're £40 back, and you gain the £10 the other person lost) The only money you lose is the betfair commission, which is 5% and anything between 1p-£1 depending on how close the betfair odds were to the original bookie odds, but for bonus bagging it will pretty much always send you something where the odds are practically the same)
You repeat the process with the free bet, which is money the bookie has now given you for free, but at higher odds, with the goal to keep between 75% - 80% of that free money, so it's a £10 free bet, you'll make about £8 profit.
Rinse and repeat with all the bookies, he'll give you the easy ones first like above, bet 10 get 10, then eventually you'll build up the kitty to do the 365 bet 200 get 200, which is why you then need the liabilites in your betfair account to cover that 200 bet, at 5/1 you'll need about £800 in your betfair account incase the bet wins into 365!
Bonus Bagging is just the signup offers, yes, the main site is kind of misleading, it opens the door to doing continual offers, once you sign up to bookie accounts, you'll get promotional emails of them (so you may want to create another email address purely for the sign ups as they will send marketing material to you) however many will send you reload offers, so you get more bet £10 get £10 free offers etc.
THe regular emails will be to entice you to sign up to his other products, profit maximiser, which gives yet more signup offers, and continual offers from the bookies as well as no lag odds matching software, to make the whole process quicker than trying to find odds yourself for when you get those reload offers or try to hit free bets from offers such as you're horse placing 2nd, but that's more advanced stuff once you get past sign ups, sign ups are easy!
The system works, and he does offer a money back guarantee, if you don't get on with it, just ask for your money back. I'm totally with you that the site looks dodgy, I thought this myself, and only did it because I trusted a mate who also said he'd done it and that it works. It does, you'll make about £500, but once you're done with the signups, that's about it from bonus bagging, you won't make £500 a month, he's basically hoping you'll get the bug and want to carry on and sign up to his other products.
For sign ups, 30 mins per each one tops, you'll probably only want to do 2/3 a day tops, my advice would be don't start a new one until you've fully finished the one you're doing. Then move onto the next one, keep a spreadsheet (I think he offers one in the FAQs) to keep track of where your money is, if necessary, wait 2/3 days for the money to withdraw from one bookie back into your bank account in order to move onto the next, don't leave yourself out of pocket!
You won't break even, you'll make money, it can seem a slow process at first when you're just making £8 here and £8 there, but it all adds up and it soon gets bigger once you move onto the £30, £50, £100, £200 offers.
This isn't something you'll make money off all the time, if you move onto profit maximiser, then yes, you can make £50-100 a week, even more, if you put the effort in, but be prepared to lose your weekends as it will be heavily weekend focused around football and more popular horse racing meets, and if you have the balls, casino offers. (which I don't have the balls for, I prefer the sports model of knowing i'm only losing pennies if i don't hit a trigger)
Also even that loses it's low dangling carrots after a while, because as I said before, the bookie will eventually see a pattern to your bets and just 'gub' you (ban you from offers) although of course, if you have family members and they are willing to share some personal info with you for say you offering them 25% of what you make (I don't condone this, and only do it with people you trust, after all, money will very quickly bring out the real dick in people, and also ideally you need a separate device to what you originally used, and if your internet connection rarely ever changes it's IP address (Virgin Media perfect example) a seperate way of accessing the internet, you could do all the sign ups again using the knowledge you have gained. It's easy money!!)
Hope this helps.
This site may also help explain things: https://matchedbettingblog.com/matched-betting-intro/
Oh one last bit of advice, make sure you're on the voting register, as they use this as soft checks for ID, if you end up with a lot of money in a bookie account and withdraw it, they will ask you to confirm your ID, which will usually involve a photo of the bank card (front and back hiding either the last or middle section of numbers) and a selfie holding up your passport/driving license.
If you've ever had a gambling problem, or think you'll stray from the back/lay method, this is not for you. You need to be disciplined to stick to the rules.
I'll put this on the back burner for a while and come back to it in a few months when I should have £100 to put into it.
