Again I decided to take advantage of the cashback available on the Betrescue website, this time I joined up to Centrebet from the website, and went on to bet £20 to earn the £10 cashback.
This was quite a simple day again, I signed up and found odds of 3.2 on one of the football matches in the evening, and I laid this off at odds of 3.1. I bet £20 at Centrebet, so laid this off with a stake of £20.98. I ended up with a loss of 7p which is quite reasonable, and will have a cheque for £10 in the post soon hopefully.
Unfortunately I don’t think Centrebet are offering any promotions/free-bet bonuses at the moment, so if I lose the bet I will be happy, but if I win the bet I’ll have to just put in a withdrawal request.
Today’s free-bet earnings: £0
Today’s cashback earnings: £23.10 (including the 7p loss on the qualifying bet)
Today’s overall earnings: £9.93
Earnings so far: £287.95
Thursday, August 24, 2006
Wednesday, August 23, 2006
Day 10
Today I signed up to Mansion the betting Exchange, and I did this via the Betrescue website, so I would earn £25 cashback as soon as I’ve placed a £50 bet.
I made the £50 bet on the Man utd vs Charlton match, on Man utd to win at odds of 1.6 and then I laid this at odds of 1.63 with a stake of £50.63 at Betfair. This was for a loss of £1.90, which isn’t too bad for £25 cashback.
Unfortunately there are no other free-bets of offers available on Mansion, so I have no need to stay here any longer.
After making this bet I filled out the form on the Betrescue website, stating the bet etc and now hopefully I will have a cheque for £25 cashback in the post.
Today’s free-bet earnings: £0
Today’s cashback earnings: £23.10 (including the £1.90 loss on the qualifying bet)Today’s overall earnings: £23.10
Earnings so far: £278.02
I made the £50 bet on the Man utd vs Charlton match, on Man utd to win at odds of 1.6 and then I laid this at odds of 1.63 with a stake of £50.63 at Betfair. This was for a loss of £1.90, which isn’t too bad for £25 cashback.
Unfortunately there are no other free-bets of offers available on Mansion, so I have no need to stay here any longer.
After making this bet I filled out the form on the Betrescue website, stating the bet etc and now hopefully I will have a cheque for £25 cashback in the post.
Today’s free-bet earnings: £0
Today’s cashback earnings: £23.10 (including the £1.90 loss on the qualifying bet)Today’s overall earnings: £23.10
Earnings so far: £278.02
Tuesday, August 22, 2006
Day 9
I joined up to Gamebookers today via Quidco, and deposited and bet £21 to make myself eligible for the £21 cashback. I bet the £21 on Sheffield United to beat Tottenham Hotspur at odds of 3.4, and laid at 3.4 with a stake of £21.31. This gave me a loss of 75p, but I will have earned £21 cashback at Quidco and have also earned a £20 bonus in my Gamebookers account.
I used the £20 bonus on Watford to beat West Ham at odds of 3.9, and laid at odds of 3.7 with a stake of 15.89. This will return me £15.10 from the free bet, which isn’t great but in the end its free-money still.
Today’s free-bet earnings: £15.10 (from a possible £20)
Today’s cashback earnings: £20.25 (including the 75p loss on the qualifying bet)
Today’s overall earnings: £35.35
Earnings so far: £254.92
I used the £20 bonus on Watford to beat West Ham at odds of 3.9, and laid at odds of 3.7 with a stake of 15.89. This will return me £15.10 from the free bet, which isn’t great but in the end its free-money still.
Today’s free-bet earnings: £15.10 (from a possible £20)
Today’s cashback earnings: £20.25 (including the 75p loss on the qualifying bet)
Today’s overall earnings: £35.35
Earnings so far: £254.92
Monday, August 21, 2006
Day 8
Having checked my Ladbrokes account I noticed that I had been credited the £10 free bet from the bet which I made on the previous day. This bet was stake-not-returned, so I tried to find an event to bet on with odds which were quite high.
I found odds of 5.3 for Accrington Stanley to beat Nottingham Forest, and I managed to lay this at odds of 5.2 which I laid with a stake of £8.35. Because this is a free bet, I had to enter a “Stake Forfeit” value of 10, as the free bet had a value of £10.
This would have been a loss of £1.17, but because the bet it is a free-bet I will have actually earned £7.93 from this bet.
I have enclosed a screenshot below to show the figures needed for this bet. Take note of the Stake Forfeit column which is usually blank but this time displays the figure 10.

When a Bookmaker offers a free bet which is stake-not-returned, it is basically eliminating the possibility of making money from the free bet by placing it on a dead cert. For example, say there was a £10 matched bet being offered by a bookies – you have to bet £10 to receive a free £10 bet. You could simply bet £10 on an event which is very likely to happen (Man Utd to beat Scunthorpe Utd, for example). You would probably win £1 from this bet, and so you will have £1 profit. You would also have a £10 free bet to use, and you could again bet on an event which is very likely to happen. You would then win £1 profit but you would also have gained the £10 free bet as your own money. Overall you would have £12 profit (£1 winnings from qualifying bet, £1 winnings from free bet, and the £10 free stake).
To counter this way of betting Bookmakers introduced the “stake-not-returned” scheme for free-bets. This means that if you place your £10 free bet on a dead cert, you would only gain the winnings from the bet, and not the original £10 stake.
This is why it is best to bet at high odds when you have a SNR free bet, as at high odds you are going to gain higher winnings.
Having done the 1st set of free bets offered by Ladbrokes, I decided to take advantage of another Bookmaker whilst waiting for the next weekend of Premiership football.
UKBetting were listed on the Quidco website, and when you sign up to them and place a minimum bet of £10 you will receive £10 cashback. I signed up to these and found odds of 3 and then laid at 2.8 for a draw between Nottingham Forest and Accrington Stanley. This left me with a profit of 36p (the figures above were an Arb, at a closeness of 103.64). There were no bonuses or free-bets available on the UKBetting website at the time of making the bets, but I will have earned £10 cashback from Quidco.
Today’s free-bet earnings: -£1.17 (yesterday included the £10free-bet before receiving it, so have removed the loss from the bet).
Today’s cashback earnings: £10.36 (including the 36p profit on the qualifying bet)
Today’s overall earnings: £18.29
Earnings so far: £219.57
I found odds of 5.3 for Accrington Stanley to beat Nottingham Forest, and I managed to lay this at odds of 5.2 which I laid with a stake of £8.35. Because this is a free bet, I had to enter a “Stake Forfeit” value of 10, as the free bet had a value of £10.
This would have been a loss of £1.17, but because the bet it is a free-bet I will have actually earned £7.93 from this bet.
I have enclosed a screenshot below to show the figures needed for this bet. Take note of the Stake Forfeit column which is usually blank but this time displays the figure 10.

When a Bookmaker offers a free bet which is stake-not-returned, it is basically eliminating the possibility of making money from the free bet by placing it on a dead cert. For example, say there was a £10 matched bet being offered by a bookies – you have to bet £10 to receive a free £10 bet. You could simply bet £10 on an event which is very likely to happen (Man Utd to beat Scunthorpe Utd, for example). You would probably win £1 from this bet, and so you will have £1 profit. You would also have a £10 free bet to use, and you could again bet on an event which is very likely to happen. You would then win £1 profit but you would also have gained the £10 free bet as your own money. Overall you would have £12 profit (£1 winnings from qualifying bet, £1 winnings from free bet, and the £10 free stake).
To counter this way of betting Bookmakers introduced the “stake-not-returned” scheme for free-bets. This means that if you place your £10 free bet on a dead cert, you would only gain the winnings from the bet, and not the original £10 stake.
This is why it is best to bet at high odds when you have a SNR free bet, as at high odds you are going to gain higher winnings.
Having done the 1st set of free bets offered by Ladbrokes, I decided to take advantage of another Bookmaker whilst waiting for the next weekend of Premiership football.
UKBetting were listed on the Quidco website, and when you sign up to them and place a minimum bet of £10 you will receive £10 cashback. I signed up to these and found odds of 3 and then laid at 2.8 for a draw between Nottingham Forest and Accrington Stanley. This left me with a profit of 36p (the figures above were an Arb, at a closeness of 103.64). There were no bonuses or free-bets available on the UKBetting website at the time of making the bets, but I will have earned £10 cashback from Quidco.
Today’s free-bet earnings: -£1.17 (yesterday included the £10free-bet before receiving it, so have removed the loss from the bet).
Today’s cashback earnings: £10.36 (including the 36p profit on the qualifying bet)
Today’s overall earnings: £18.29
Earnings so far: £219.57
Sunday, August 20, 2006
Day 7
I decided that today I would go after some free-bets on offer on the Ladbrokes website, as today was the last day to take advantage of the promotion available for all new customers. They were offering £100 worth of free-bets, you have to bet £10 every week to receive a free £10 stake-not-returned bet, up to a maximum of 10 free bets.
I joined Ladbrokes via the Betrescue website, and in the process earned £10 cashback (had to bet £20 to qualify for this). I placed my first bet (this one had to be £20 so I qualified for the Betrescue cashback) and I put this on a draw between Chelsea and Man City at odds of 3.5, laying this same bet at odds of 3.5 with an amount of 20.29.
This means I will lose 72p no matter what happens in the football match, but will have earned the £10 cashback and then a free bet. I have to wait for up to 7 days before the free-bet is given to me, so I will have to keep an eye on my account.
Because quite a large amount of my funds have been tied up at the moment in various online Bookmakers accounts, I’ve decided to go round each of them and request a withdrawal. It would probably take a few days to receive the money back onto my debit card, which shouldn’t be a problem. When taking advantage of all these Bookmakers in just 30 days and with just £100 its important that you are able to manage your cash well, keeping a record of all the accounts you have set up, etc. Withdrawing the money from my online accounts shouldn’t be a problem as I have followed their terms and conditions with the free bet amounts, and because I don’t need to use these accounts again I thought I might as well take my money.
If you ever find that you win your bet at an online-bookmaker when using a free-bet or a bonus, sometimes you will find that you have a set wager requirement before being able to withdraw this bonus money as your own.
Usually this requirement is set as a 3x wager before withdrawals can be processed, but this figure really depends on the Bookmaker you are using. It is extremely important that you read all terms and conditions of the bonuses before signing up to take advantage.
Another important note to take is that it is often best to try and bet on an unlikely event, which has odds of 5 or more. This means it is unlikely that your event will win at the bookies, and so you won’t have to worry about bonus-requirements (as your bet has lost) and then your amount at the Betting exchange (Betfair or Betdaq etc) will include the amount lost in the bet. Having a large amount at Betfair makes it far easier than ‘winning’ all the bets you make, because for every bet that wins you have to pay out the same amount at the Exchange.
Today’s free-bet earnings: £10 (waiting to receive)
Today’s cashback earnings: £9.28 (minus the 72p loss on the qualifying bet)
Today’s overall earnings: £19.28
Earnings so far: £211.28
I joined Ladbrokes via the Betrescue website, and in the process earned £10 cashback (had to bet £20 to qualify for this). I placed my first bet (this one had to be £20 so I qualified for the Betrescue cashback) and I put this on a draw between Chelsea and Man City at odds of 3.5, laying this same bet at odds of 3.5 with an amount of 20.29.
This means I will lose 72p no matter what happens in the football match, but will have earned the £10 cashback and then a free bet. I have to wait for up to 7 days before the free-bet is given to me, so I will have to keep an eye on my account.
Because quite a large amount of my funds have been tied up at the moment in various online Bookmakers accounts, I’ve decided to go round each of them and request a withdrawal. It would probably take a few days to receive the money back onto my debit card, which shouldn’t be a problem. When taking advantage of all these Bookmakers in just 30 days and with just £100 its important that you are able to manage your cash well, keeping a record of all the accounts you have set up, etc. Withdrawing the money from my online accounts shouldn’t be a problem as I have followed their terms and conditions with the free bet amounts, and because I don’t need to use these accounts again I thought I might as well take my money.
If you ever find that you win your bet at an online-bookmaker when using a free-bet or a bonus, sometimes you will find that you have a set wager requirement before being able to withdraw this bonus money as your own.
Usually this requirement is set as a 3x wager before withdrawals can be processed, but this figure really depends on the Bookmaker you are using. It is extremely important that you read all terms and conditions of the bonuses before signing up to take advantage.
Another important note to take is that it is often best to try and bet on an unlikely event, which has odds of 5 or more. This means it is unlikely that your event will win at the bookies, and so you won’t have to worry about bonus-requirements (as your bet has lost) and then your amount at the Betting exchange (Betfair or Betdaq etc) will include the amount lost in the bet. Having a large amount at Betfair makes it far easier than ‘winning’ all the bets you make, because for every bet that wins you have to pay out the same amount at the Exchange.
Today’s free-bet earnings: £10 (waiting to receive)
Today’s cashback earnings: £9.28 (minus the 72p loss on the qualifying bet)
Today’s overall earnings: £19.28
Earnings so far: £211.28
Saturday, August 19, 2006
Day 6
On Saturday I decided that I would again go after the cashback on offer as I don’t want to tie up too much of my money at the moment. I decided that I would use the Bet Rescue website, and I would do the Mansion offer. I would hopefully earn £25 cashback (they post out a cheque when you fill in a form on their website) after betting £50 of my own money at their sportsbook.
I made the £50 bet on the Liverpool Sheffield United match, where I found odds for Liverpool to win at 1.8 and then laid at the same odds of 1.9 with a stake of £51.43. From this I lost £1.14, which isn’t bad as I’ll be earning £25 cashback from making the bet.
Today’s free-bet earnings: £0
Today’s cashback earnings: £23.86 (minus the £1.14 loss on the qualifying bet)
Today’s overall earnings: £23.86
Earnings so far: £192
I made the £50 bet on the Liverpool Sheffield United match, where I found odds for Liverpool to win at 1.8 and then laid at the same odds of 1.9 with a stake of £51.43. From this I lost £1.14, which isn’t bad as I’ll be earning £25 cashback from making the bet.
Today’s free-bet earnings: £0
Today’s cashback earnings: £23.86 (minus the £1.14 loss on the qualifying bet)
Today’s overall earnings: £23.86
Earnings so far: £192
Day 5 (Friday 18th August*)
*Apologies I didn't upload an entry on Friday, but here are the events of that day...
Today I signed up with Betdaq via the Rpoints cashback website. I bet £10 and so qualified for £10 worth of cashback here. I made the £10 bet on a friendly match, where I found odds to win at 1.8 and then laid at odds of 1.9 with a stake of £9.73. From this I lost 76p, but have earned the £10 cashback in the process so I’m £9.24 up at the end of today. As to my knowledge Betdaq don’t have any free bets or promotions running, so it was simply a case of joining to take advantage of the cashback and then leaving.
I’m still making slow progress at the moment, but because I don’t have a lot of liability at the moment (spare cash, as I’m hoping to stick with my original quota of £100) I’m just going through the cashback-only offers, which doesn’t eat up much of my money.
Today’s free-bet earnings: £0
Today’s cashback earnings: £9.24 (minus the 76p loss on the qualifying bet)
Today’s overall earnings: £9.24
Earnings so far: £168.14
Today I signed up with Betdaq via the Rpoints cashback website. I bet £10 and so qualified for £10 worth of cashback here. I made the £10 bet on a friendly match, where I found odds to win at 1.8 and then laid at odds of 1.9 with a stake of £9.73. From this I lost 76p, but have earned the £10 cashback in the process so I’m £9.24 up at the end of today. As to my knowledge Betdaq don’t have any free bets or promotions running, so it was simply a case of joining to take advantage of the cashback and then leaving.
I’m still making slow progress at the moment, but because I don’t have a lot of liability at the moment (spare cash, as I’m hoping to stick with my original quota of £100) I’m just going through the cashback-only offers, which doesn’t eat up much of my money.
Today’s free-bet earnings: £0
Today’s cashback earnings: £9.24 (minus the 76p loss on the qualifying bet)
Today’s overall earnings: £9.24
Earnings so far: £168.14
Thursday, August 17, 2006
Day 4
It was another quiet day today, and again I only went after for one Bookmaker and again this was only for the £10 cashback available from Quidco. Today I would be joining WilliamHill; I had to deposit and bet £5 here as this was the requirement to be able to claim the cashback.
I found odds for a draw between Barcelona and Espanyol on the WilliamHill website and this was marked down as 3.3. I laid these odds with 3.3 on Betfair, and thus from the £5 bet I made a loss of 18p. I should however have earned the £5 cashback from Quidco, so I will be £4.82 better-off.
Today’s free-bet earnings: £0
Today’s cashback earnings: £4.82 (minus the 18p loss on the qualifying bet)
Today’s overall earnings: £4.82
Earnings so far: £158.90
I found odds for a draw between Barcelona and Espanyol on the WilliamHill website and this was marked down as 3.3. I laid these odds with 3.3 on Betfair, and thus from the £5 bet I made a loss of 18p. I should however have earned the £5 cashback from Quidco, so I will be £4.82 better-off.
Today’s free-bet earnings: £0
Today’s cashback earnings: £4.82 (minus the 18p loss on the qualifying bet)
Today’s overall earnings: £4.82
Earnings so far: £158.90
Wednesday, August 16, 2006
Day 3
Today was quite a quiet day, and I decided to only take advantage of one Bookmaker. I’m hoping I can go through my list of 30 Bookies in about 30 days, hence the fact I’m only doing 1 offer a day for now although I may need to increase this in case I don’t meet my targeted £1000 at the end of the month.
I went to the cashback site Quidco and joined up to Paddy Power. I placed a bet here for £10, and so I should receive £17 cashback from Quidco. I put this bet on a draw between Northern Ireland and Finland, at odds of 3. I laid this bet at odds of 3.1 at Betfair, with a stake of 9.84. I lost out on 66p from making this bet, but have earned the £17 cashback from Quidco. I’m not aware of any free-bets being offered by Paddy Power, but I will check my account balance in case I receive any kind of bonuses.
Today’s free-bet earnings: £0
Today’s cashback earnings: £16.44 (minus the 66p loss on the qualifying bet)
Today’s overall earnings: £16.44
Earnings so far: £154.08
I went to the cashback site Quidco and joined up to Paddy Power. I placed a bet here for £10, and so I should receive £17 cashback from Quidco. I put this bet on a draw between Northern Ireland and Finland, at odds of 3. I laid this bet at odds of 3.1 at Betfair, with a stake of 9.84. I lost out on 66p from making this bet, but have earned the £17 cashback from Quidco. I’m not aware of any free-bets being offered by Paddy Power, but I will check my account balance in case I receive any kind of bonuses.
Today’s free-bet earnings: £0
Today’s cashback earnings: £16.44 (minus the 66p loss on the qualifying bet)
Today’s overall earnings: £16.44
Earnings so far: £154.08
Tuesday, August 15, 2006
Day 2
Today I joined Coral via Quidco, and deposited £10 before wagering it so that I qualified for the £20 cashback. I bet on a draw in an International friendly between Wales and Bulgaria, backing odds of 3.2 and laying at odds of 3.3. I wagered £10 on the draw, and laid a stake of £9.85. This guaranteed a return of 65p.
I then qualified for a £10 free bet from Coral, as they match your first bet (up to a max stake of £10). I put the £10 on another International friendly, backing a win for Ghana vs. Togo. Odds for the win were 1.8 at Coral, and I laid these off at odds of 1.86 by laying a stake of £9.94.
I have now used Coral to earn cashback and have used their available free-bet available when you join.
Today’s free-bet earnings: £9.45
Today’s cashback earnings: £20
Today’s overall earnings: £29.45
Earnings so far: £137.64
I then qualified for a £10 free bet from Coral, as they match your first bet (up to a max stake of £10). I put the £10 on another International friendly, backing a win for Ghana vs. Togo. Odds for the win were 1.8 at Coral, and I laid these off at odds of 1.86 by laying a stake of £9.94.
I have now used Coral to earn cashback and have used their available free-bet available when you join.
Today’s free-bet earnings: £9.45
Today’s cashback earnings: £20
Today’s overall earnings: £29.45
Earnings so far: £137.64
Monday, August 14, 2006
Day 1
To get the ball rolling I signed up with the well-known Betting Exchange called Betfair. I joined via Rpoints and earnt £15 cashback because I went on to lay a stake of £40. (By risking £40 here I met the minimum risk of £15 to qualify for cashback at Rpoints, and Betfair currently have a £25 matched bet on offer. Hopefully this will be credited into my account soon). At Betfair I laid a football match in Sweden, on the over/under 2.5 goals. I went over 2.5 goals with lay odds of 2.06.
I made this lay to cover a bet which I made at an online Bookmakers called Unibet.
I signed up to these via the Quidco cashback website, and earnt £50 in the process (I deposited £20 which means I’m eligible for the cashback). I deposited £20 because Unibet had a matched bet promotion, whereby they match your deposit with a %100 bonus up to a max of £20. With my £20 deposit and £20 bonus, I backed over 2.5 goals on the event mentioned above, with odds of 2.02.
Therefore I will have made a loss of £1.71 from my £40 bet no matter what happens.
In the end only 2 goals were scored so I lost my bet at Unibet – this is good news because if I won my bet I would have had to make another 2 bets before being able to withdraw any money here. Thankfully I lost the bet, and so I gained about £40 at Betfair.
I can now cross Betfair off the cashback and free bet list, and I can forget about using Unibet again as I have used their sign-up offer.
Today’s free-bet earnings: £43.19
Today’s cashback earnings: £65.00
Today’s overall earnings: £108.19
I made this lay to cover a bet which I made at an online Bookmakers called Unibet.
I signed up to these via the Quidco cashback website, and earnt £50 in the process (I deposited £20 which means I’m eligible for the cashback). I deposited £20 because Unibet had a matched bet promotion, whereby they match your deposit with a %100 bonus up to a max of £20. With my £20 deposit and £20 bonus, I backed over 2.5 goals on the event mentioned above, with odds of 2.02.
Therefore I will have made a loss of £1.71 from my £40 bet no matter what happens.
In the end only 2 goals were scored so I lost my bet at Unibet – this is good news because if I won my bet I would have had to make another 2 bets before being able to withdraw any money here. Thankfully I lost the bet, and so I gained about £40 at Betfair.
I can now cross Betfair off the cashback and free bet list, and I can forget about using Unibet again as I have used their sign-up offer.
Today’s free-bet earnings: £43.19
Today’s cashback earnings: £65.00
Today’s overall earnings: £108.19
Friday, August 11, 2006
Turning £100 into £1000 in 30 days
In a previous article in this blog I touched upon the art of bet-matching, the process whereby bets are made at online Bookmakers to qualify for a free bet, or a bonus. These bets are then laid at an online Exchange, guaranteeing a very little loss (or a gain if you get good odds). This process is described in far more detail on the website http://www.laymybet.com, and here you can also find the matcher programme which I used to work out the lay stake required for my bets, and to keep a record of all the bets made.
I’m trying to show people how easy this practise is, and to help people earn a little extra income. In which case, my plan is to turn £100 into £1000 in just 30 days. I know people might think this isn’t much money to earn in a month; most people would be earning at least this sort of figure from working full time. However this process doesn’t take much time, probably the most time consuming part will be when you try getting your head round the concept. Once this is done it can take up to an hour maybe for each Bookmaker bonus, this depends though on how difficult it is to find good odds, which inevitably depends on your willingness to make as much money as possible.
For example you could take little time in finding odds on one event at about 4 and then finding odds to lay this at 4.2, for a closeness of say %91.57. If this was a bet of £10 you would lose out on about 84pence, which isn’t great. However if you took your time and found another event with odds of about 3.4, and then found lay odds for this at about 3.4, this would be a closeness of %96.42. In this case you would lose out on about 26p, which is a big improvement.
There are a few necessities before getting started. A debit card, set up to an account with £100 will be required. You must be over 18 too, as lots of online Bookmakers will request ID. You will need a matcher programme, or spreadsheet, to work out the lay stake required for each of the bets. It’s best if you download the matcher.exe programme, so that you can easily work out the lay required, as well as being able to keep a record of all bets you are making (press the archive button).
You will also need a little spare time (hour a night perhaps), just to work your way through each of the Bookmakers. Signing up to “cashback” websites will be a must too, I really recommend signing up to Rpoints. They pay you for joining online bookies via their website, which is also free to join. You can also use Quidco, because they have a very high payout rate, and have a far broader range of bookies to sign up too). Quidco charge a £5 administration fee, but this is fine because they take it out of your earnings when you request payment. Bet rescue is another website that will be used to claim cashback, no membership is required here. All you have to do is fill out a form when signing up with a bookie, and Bet Rescue will post a cheque to you.
Cashback will inevitably make about a third of the overall earnings, so it is mandatory that you join up to a few schemes so that you make the most out of the money available.
The most important requirement to start matched-betting will be a sound understanding of the concept, with a good understanding in the whole process involved with laying a bet, and how to gain from the bookie’s bonuses. Make sure you read and re-read the previous blog entry on matched betting, and make sure you have visited http://www.laymybet.com and fully understand what’s going on! I can’t be held responsible for any losses encountered by anyone, this is all done at your own risk but as long as you follow the instructions set out then you have nothing to worry about. This is guaranteed to make a profit, so make the most out of it.
Starting from tomorrow I will update this blog on a daily basis, showing my activities from the day, with a record of any bets made and the results of the bet. I will also have a running total on each of the blog entries, so that people can check up on my progress throughout the month.
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I’m trying to show people how easy this practise is, and to help people earn a little extra income. In which case, my plan is to turn £100 into £1000 in just 30 days. I know people might think this isn’t much money to earn in a month; most people would be earning at least this sort of figure from working full time. However this process doesn’t take much time, probably the most time consuming part will be when you try getting your head round the concept. Once this is done it can take up to an hour maybe for each Bookmaker bonus, this depends though on how difficult it is to find good odds, which inevitably depends on your willingness to make as much money as possible.
For example you could take little time in finding odds on one event at about 4 and then finding odds to lay this at 4.2, for a closeness of say %91.57. If this was a bet of £10 you would lose out on about 84pence, which isn’t great. However if you took your time and found another event with odds of about 3.4, and then found lay odds for this at about 3.4, this would be a closeness of %96.42. In this case you would lose out on about 26p, which is a big improvement.
There are a few necessities before getting started. A debit card, set up to an account with £100 will be required. You must be over 18 too, as lots of online Bookmakers will request ID. You will need a matcher programme, or spreadsheet, to work out the lay stake required for each of the bets. It’s best if you download the matcher.exe programme, so that you can easily work out the lay required, as well as being able to keep a record of all bets you are making (press the archive button).
You will also need a little spare time (hour a night perhaps), just to work your way through each of the Bookmakers. Signing up to “cashback” websites will be a must too, I really recommend signing up to Rpoints. They pay you for joining online bookies via their website, which is also free to join. You can also use Quidco, because they have a very high payout rate, and have a far broader range of bookies to sign up too). Quidco charge a £5 administration fee, but this is fine because they take it out of your earnings when you request payment. Bet rescue is another website that will be used to claim cashback, no membership is required here. All you have to do is fill out a form when signing up with a bookie, and Bet Rescue will post a cheque to you.
Cashback will inevitably make about a third of the overall earnings, so it is mandatory that you join up to a few schemes so that you make the most out of the money available.
The most important requirement to start matched-betting will be a sound understanding of the concept, with a good understanding in the whole process involved with laying a bet, and how to gain from the bookie’s bonuses. Make sure you read and re-read the previous blog entry on matched betting, and make sure you have visited http://www.laymybet.com and fully understand what’s going on! I can’t be held responsible for any losses encountered by anyone, this is all done at your own risk but as long as you follow the instructions set out then you have nothing to worry about. This is guaranteed to make a profit, so make the most out of it.
Starting from tomorrow I will update this blog on a daily basis, showing my activities from the day, with a record of any bets made and the results of the bet. I will also have a running total on each of the blog entries, so that people can check up on my progress throughout the month.
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Writing Product Reviews
Another form of income available thanks to the Internet can be obtained by writing product reviews. These websites usually contains a database of thousands of products, nearly all of which can be reviewed, which then earns the author money. Usually the review has to be read and rated by another member of the website, and so the more reads/ratings you receive, the more money you stand to earn.
There are two review websites that I have ever used, 1 of which has been previously mentioned in the online surveys section. Ciao pays people to answer surveys as well as for reviewing products on their website. Another paid-to-review site is Dooyoo. These two websites are both very similar in the way that they have a huge database of products to review on their websites, and they both pay out over review reads/ratings by other members. The amount of money you earn also depends on the item that you have reviewed. For example, electrical goods will be more financially rewarding then an item like a book. You could find yourself earning 2p a read/rate for the latest flatscreen TV, whereas you could only be earning 0.5p a read/rate for the latest Harry Potter book.
There is plenty of choice when it comes to choosing an item to review, from CD players to holiday venues, basically any household items you can think of and then some more.
You have to try and review the chosen object the best you can, writing at least 300 words in an article, explaining your overall feelings towards the object.
Probably the worst thing about writing reviews on these websites is the lack of money you will be earning. Though its definitely a case of the more effort you are willing to put in, the more money you are going to earn, you will probably still only manage a few quid per review, if you are lucky. A review could take you about half an hour to write, depending its author, and so you will have to decide whether that’s a good pay-rate.
Usually if you want to get lots of people to read and rate your review you will have to go round the website reading lots of other reviews, and rating them, so that they then return the favour and read/rate your review (this is basically the etiquette of these websites).
One of the bonuses from both Dooyoo and Ciao is that they usually reward some of the best reviews every month, with a ‘prize-fund’. They have a set amount of money at the end of the month, and they then divide it out between some of the best reviews of the month (in terms of ratings).
When you have earnt at least £30 you are able to claim your money. This can be transferred into your bank account, or paid out to you in Amazon vouchers.
Review writing is definitely a nice little earner, but it can get frustrating at times when you feel the amount of effort you put in writing reviews and rating other reviews doesn’t really equate equally with the amount of cash you are earning yourself.
Sign up to Ciao and Dooyoo via the links below:
http://www.dooyoo.co.uk
http://www.ciao.co.uk/reg.php?AffiliateId=5640634
There are two review websites that I have ever used, 1 of which has been previously mentioned in the online surveys section. Ciao pays people to answer surveys as well as for reviewing products on their website. Another paid-to-review site is Dooyoo. These two websites are both very similar in the way that they have a huge database of products to review on their websites, and they both pay out over review reads/ratings by other members. The amount of money you earn also depends on the item that you have reviewed. For example, electrical goods will be more financially rewarding then an item like a book. You could find yourself earning 2p a read/rate for the latest flatscreen TV, whereas you could only be earning 0.5p a read/rate for the latest Harry Potter book.
There is plenty of choice when it comes to choosing an item to review, from CD players to holiday venues, basically any household items you can think of and then some more.
You have to try and review the chosen object the best you can, writing at least 300 words in an article, explaining your overall feelings towards the object.
Probably the worst thing about writing reviews on these websites is the lack of money you will be earning. Though its definitely a case of the more effort you are willing to put in, the more money you are going to earn, you will probably still only manage a few quid per review, if you are lucky. A review could take you about half an hour to write, depending its author, and so you will have to decide whether that’s a good pay-rate.
Usually if you want to get lots of people to read and rate your review you will have to go round the website reading lots of other reviews, and rating them, so that they then return the favour and read/rate your review (this is basically the etiquette of these websites).
One of the bonuses from both Dooyoo and Ciao is that they usually reward some of the best reviews every month, with a ‘prize-fund’. They have a set amount of money at the end of the month, and they then divide it out between some of the best reviews of the month (in terms of ratings).
When you have earnt at least £30 you are able to claim your money. This can be transferred into your bank account, or paid out to you in Amazon vouchers.
Review writing is definitely a nice little earner, but it can get frustrating at times when you feel the amount of effort you put in writing reviews and rating other reviews doesn’t really equate equally with the amount of cash you are earning yourself.
Sign up to Ciao and Dooyoo via the links below:
http://www.dooyoo.co.uk
http://www.ciao.co.uk/reg.php?AffiliateId=5640634
Tuesday, August 08, 2006
Matched-Betting
This is a bit lesser known then the other money-making processes mentioned on this blog, and can be quite involving and complex. I will try and briefly explain it here, and will link to a more informative website.
There is a method in betting whereby you can back an event at an online bookmaker, and then you can lay the event at an exchange. When you lay a bet at an exchange, you act as a bookmaker, and you take someones money for a bet. If they win the bet, you have to pay out. If they lose the bet, you keep their money.
If you make a bet at an online bookmakers and then lay the same bet at the exchange, you wont win anything but you don’t lose anything. This is because if you win at the bookies, you’ve won a certain amount – X. However if you won here, you will have to pay out X at the Exchange. These are both the same amounts, and so they cancel each other out. Also if the bet lost at the bookies, you would have been down, but then you would have been up at the Exchange, because you took someones money for the same bet.
This is a very hard concept to get your head around, so make sure you go to the website below for a worked example and more explanations.
If you understand the theory so far you will realise that this wont earn you any money, which you would be right in thinking. However you earn money thanks to the Bookmaker bonuses which are available online. Usually an online bookie will tempt you to join up, and to gain your business he will offer you a free £10 bet after you have made a £10 bet of your own. You make the qualifying £10 bet by laying the bet at the exchange, meaning you have no risk of losing anything. Then with the £10 free bet you do exactly the same thing, and this time you will come out with £10 profit ;)
There is literally thousands of cash available to earn, thanks to the amount of online-bookmakers handing out free bets &bonuses. Remember, this is completely risk free as long as you follow the correct methods!
More information can be found at http://www.laymybet.com
There is a method in betting whereby you can back an event at an online bookmaker, and then you can lay the event at an exchange. When you lay a bet at an exchange, you act as a bookmaker, and you take someones money for a bet. If they win the bet, you have to pay out. If they lose the bet, you keep their money.
If you make a bet at an online bookmakers and then lay the same bet at the exchange, you wont win anything but you don’t lose anything. This is because if you win at the bookies, you’ve won a certain amount – X. However if you won here, you will have to pay out X at the Exchange. These are both the same amounts, and so they cancel each other out. Also if the bet lost at the bookies, you would have been down, but then you would have been up at the Exchange, because you took someones money for the same bet.
This is a very hard concept to get your head around, so make sure you go to the website below for a worked example and more explanations.
If you understand the theory so far you will realise that this wont earn you any money, which you would be right in thinking. However you earn money thanks to the Bookmaker bonuses which are available online. Usually an online bookie will tempt you to join up, and to gain your business he will offer you a free £10 bet after you have made a £10 bet of your own. You make the qualifying £10 bet by laying the bet at the exchange, meaning you have no risk of losing anything. Then with the £10 free bet you do exactly the same thing, and this time you will come out with £10 profit ;)
There is literally thousands of cash available to earn, thanks to the amount of online-bookmakers handing out free bets &bonuses. Remember, this is completely risk free as long as you follow the correct methods!
More information can be found at http://www.laymybet.com
Website Revenue
By owning your own website you have already made yourself eligible to be earning money through online advertising. There are hundreds of established advertising schemes, the best of which are free to join up, and they will pay you for hosting a banner or some kind of advertisement on your website. Sometimes you will be paid in the amount of impressions your website receives, other times you will be paid for every click a banner receives, this all depends on the type of advertising programme that you have joined.
There are usually a few requirements that your website must meet before you can earn through online-advertising, and these tend to vary depending on the scheme. One of the mainstream requirements is that your website is not of an adult content, and the website must have some sort of content – it can’t just be a page full of adverts, for example.
Here is a selection of some of the best little earners for online-advertising:
Probably the daddy of all online-advertising programmes, Google AdSense has one of, if not the highest payout rates currently available.
There are two parts to the Google AdSense programme. You can have a Google ‘search’ function on your website, where the website visitor will search for something whilst on your website, and then amongst the results there will be a selection of related advertisements.
The other part of the programme is simply the advertisements – you can have adverts which are related (optional) to your website, and these are fully customisable in terms of size/font/colour/position, etc. This is the most popular option from the Google AdSense programme.
Your revenue is accrued by visitors of your website clicking on the Google advertisements, opening up another website in a separate window. You must have earnt at least $70 before Google will send you out a cheque.
AdEngage is very similar to the Google programme, though theres no search option. You simply join the programme, answer some questions about your website, and choose the colour/layout of the adverts on your page. You will then receive a sample piece of code to place on your website, for AdEngage to track. With AdEngage you can set a price per week for advertising on your website, the default amount is $5 but this depends on the popularity of your website. Potential advertisers will visit your website aswell as others, and decide whether they want to pay on your website or not.
You must reach a minimum amount of $100 before you can receive payment.
BetterThanBanners is a far newer advertising programme, and is a lot less lucrative then the previous advertisers mentioned. They will pay a £5 Amazon voucher every month for hosting at least 3 banners on 3 of your website pages. The banners are not customisable, though they don’t normally look too tacky or too loud. Obviously the standard of your website isn’t as important with BetterThanBanners, as you can probably tell from the payout scheme. You will receive a £10 Amazon voucher for joining the scheme, which may be worth doing if you’ve a lot of pages on your website, and if you are trying to milk as much as you can from having a website ;)
There are usually a few requirements that your website must meet before you can earn through online-advertising, and these tend to vary depending on the scheme. One of the mainstream requirements is that your website is not of an adult content, and the website must have some sort of content – it can’t just be a page full of adverts, for example.
Here is a selection of some of the best little earners for online-advertising:
Probably the daddy of all online-advertising programmes, Google AdSense has one of, if not the highest payout rates currently available.
There are two parts to the Google AdSense programme. You can have a Google ‘search’ function on your website, where the website visitor will search for something whilst on your website, and then amongst the results there will be a selection of related advertisements.
The other part of the programme is simply the advertisements – you can have adverts which are related (optional) to your website, and these are fully customisable in terms of size/font/colour/position, etc. This is the most popular option from the Google AdSense programme.
Your revenue is accrued by visitors of your website clicking on the Google advertisements, opening up another website in a separate window. You must have earnt at least $70 before Google will send you out a cheque.
AdEngage is very similar to the Google programme, though theres no search option. You simply join the programme, answer some questions about your website, and choose the colour/layout of the adverts on your page. You will then receive a sample piece of code to place on your website, for AdEngage to track. With AdEngage you can set a price per week for advertising on your website, the default amount is $5 but this depends on the popularity of your website. Potential advertisers will visit your website aswell as others, and decide whether they want to pay on your website or not.
You must reach a minimum amount of $100 before you can receive payment.
BetterThanBanners is a far newer advertising programme, and is a lot less lucrative then the previous advertisers mentioned. They will pay a £5 Amazon voucher every month for hosting at least 3 banners on 3 of your website pages. The banners are not customisable, though they don’t normally look too tacky or too loud. Obviously the standard of your website isn’t as important with BetterThanBanners, as you can probably tell from the payout scheme. You will receive a £10 Amazon voucher for joining the scheme, which may be worth doing if you’ve a lot of pages on your website, and if you are trying to milk as much as you can from having a website ;)
Cashback Websites
This isn’t strictly a money-maker because most of the time you have to spend money to earn money, but there are still other ways to earn money for free at these types of websites, and if you do lots of shopping online then you’re going to save lots.
Cashback websites earn their money by having affiliate links to lots of online shops, and when you purchase something via the cashback website they will earn a percentage of the final order value (usually). They will then pass on a percentage of this back to you, as “cashback”. Once your cashback reaches a certain level, you can request a payout into your bank account, or by whatever options the website offers you. Most of these cashback sites rewards its users with points, and these points are then transferred into cash (1point usually equals 1pence).
However you don’t have to just spend money to earn money. There are normally ‘recurring links’ available on the cashback sites, and these are daily activities which can earn a few points a time. Usually these recurring points are earnt by searching for an item at a listed search engine, or for clicking a link at a certain online-retailer.
You can also earnt at cashback websites by signing up to other websites, most of which are free to do. You can earn a few pounds for signing up to websites like Ebay, or earn 25p from filling out a form to sign up to Speedateonline. From just having a quick look at my favourite cashback website Rpoints, there’s easily £20 worth of money to earn just from signing up to the free websites (under the title ‘Easy Points’).
Some of my favourite cashback websites:
Rpoints (Earnt at least £400 here from cashback & recurring/easy points. Probably the best feature of this site is the forum, where often online freebies are posted. Normally O2 sims equipped with £2.50 credit are given away, these can then be sold on etc.)
Ipoints (Earnt about £240 here from answering surveys, writing product-reviews and from cashback for purchases made online, etc).
Quidco (Has one of the best rates of cashback, offering %100 on purchases etc, though they will take a £5 fee from your earnings after joining).
Again, more information can be found here at http://www.paid2review.co.uk
Cashback websites earn their money by having affiliate links to lots of online shops, and when you purchase something via the cashback website they will earn a percentage of the final order value (usually). They will then pass on a percentage of this back to you, as “cashback”. Once your cashback reaches a certain level, you can request a payout into your bank account, or by whatever options the website offers you. Most of these cashback sites rewards its users with points, and these points are then transferred into cash (1point usually equals 1pence).
However you don’t have to just spend money to earn money. There are normally ‘recurring links’ available on the cashback sites, and these are daily activities which can earn a few points a time. Usually these recurring points are earnt by searching for an item at a listed search engine, or for clicking a link at a certain online-retailer.
You can also earnt at cashback websites by signing up to other websites, most of which are free to do. You can earn a few pounds for signing up to websites like Ebay, or earn 25p from filling out a form to sign up to Speedateonline. From just having a quick look at my favourite cashback website Rpoints, there’s easily £20 worth of money to earn just from signing up to the free websites (under the title ‘Easy Points’).
Some of my favourite cashback websites:
Rpoints (Earnt at least £400 here from cashback & recurring/easy points. Probably the best feature of this site is the forum, where often online freebies are posted. Normally O2 sims equipped with £2.50 credit are given away, these can then be sold on etc.)
Ipoints (Earnt about £240 here from answering surveys, writing product-reviews and from cashback for purchases made online, etc).
Quidco (Has one of the best rates of cashback, offering %100 on purchases etc, though they will take a £5 fee from your earnings after joining).
Again, more information can be found here at http://www.paid2review.co.uk
Online Surveys
There are plenty of legit websites that are willing to pay you to answer a few simple surveys every week, and you won’t have to pay a thing.
You may have previously been put off by the whole online-survey past-time (hobby –syn) after visiting a survey website which is requesting a payment just to become a member. Whatever you do, don’t join! There is more than enough survey companies that let you sign up for free, and still meet their promise by paying out any money due to you. The surveys are emailed to you regularly (a couple a week normally) and you usually earn a few pounds per survey answered (depends on the survey really). They will ask for your views on topics like food and drink, entertainment, jobs, etc. The surveys you receive will mainly depend on the interest profile which you would have completed upon joining the survey site. This is simply a questionnaire type form, filled in online to give them an impression of the type of person you are, and the life that you lead (your job, income, etc). The answers you give here will depend on the types of surveys you receive, and the amount of money you earn depends on the surveys that you are answering. Usually if you are a ‘high-roller’ with an important job, big family, and the one that makes the household-purchasing decisions, you will receive a far higher quantity of surveys then someone that is unemployed and living with their parents ;) This will ultimately decide how much money you earn, so it pays to bend the truth a little at times.
You may wonder why these survey companies are paying you just to answer a few simple surveys. These survey companies simply sell on the information that they obtain from the targeted audience, and so give us a percentage of money back.
Usually there will be a minimum amount of money to earn before you can request any payout, and most reputable survey websites allow money to be transferred straight into your bank account, or will pay out in gift vouchers (usually Amazon.co.uk).
Here is a selection of the best paying survey websites, needless to say they are completely free to join:
Ciao (Earnt about £200 here from answering surveys and writing product-reviews).
Global Test Market (Earnt about £150 from answering surveys here).
Ipoints (Earnt about £240 here from answering surveys, writing product-reviews and from cashback for purchases made online, etc).
Test & Vote (Not used this before, have heard very good things about it though).
More information on paid surveys can be found here:
http://www.paid2review.co.uk
You may have previously been put off by the whole online-survey past-time (hobby –syn) after visiting a survey website which is requesting a payment just to become a member. Whatever you do, don’t join! There is more than enough survey companies that let you sign up for free, and still meet their promise by paying out any money due to you. The surveys are emailed to you regularly (a couple a week normally) and you usually earn a few pounds per survey answered (depends on the survey really). They will ask for your views on topics like food and drink, entertainment, jobs, etc. The surveys you receive will mainly depend on the interest profile which you would have completed upon joining the survey site. This is simply a questionnaire type form, filled in online to give them an impression of the type of person you are, and the life that you lead (your job, income, etc). The answers you give here will depend on the types of surveys you receive, and the amount of money you earn depends on the surveys that you are answering. Usually if you are a ‘high-roller’ with an important job, big family, and the one that makes the household-purchasing decisions, you will receive a far higher quantity of surveys then someone that is unemployed and living with their parents ;) This will ultimately decide how much money you earn, so it pays to bend the truth a little at times.
You may wonder why these survey companies are paying you just to answer a few simple surveys. These survey companies simply sell on the information that they obtain from the targeted audience, and so give us a percentage of money back.
Usually there will be a minimum amount of money to earn before you can request any payout, and most reputable survey websites allow money to be transferred straight into your bank account, or will pay out in gift vouchers (usually Amazon.co.uk).
Here is a selection of the best paying survey websites, needless to say they are completely free to join:
Ciao (Earnt about £200 here from answering surveys and writing product-reviews).
Global Test Market (Earnt about £150 from answering surveys here).
Ipoints (Earnt about £240 here from answering surveys, writing product-reviews and from cashback for purchases made online, etc).
Test & Vote (Not used this before, have heard very good things about it though).
More information on paid surveys can be found here:
http://www.paid2review.co.uk
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