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.