Remember you are not risking your initial $100, you get it all back plus the profit from the bonus once the bet is finished as we use it to cover both outcomes.
This is explained in the 8 steps tutorial. No matter what happens we get about $98.5 of our original $100 back and a free $25 bonus bet which we turn into $18 cash profit (70% of bonus value – also explained in the 8 steps).
Of course you can do this with higher amounts once you do some of your first matched bets and earn a bit more of a bank roll.
The more you have to start with the quicker you will be able to get larger sums of money by playing the big bonus bets, but you can start very small.
So after the tutorial and all the bonus bets, we are usually sitting on about 2k+.
After this we can make steady profits from weekly Australian bookmaker bonus bets and arbitrage betting using an oddsmatcher.
If you are looking to start arbitrage betting or get started with Matched betting in NZ then simply follow the Matched Betting Guide to your first profits 🙂
Bookmakers compete with each other by enticing new punters with free cash value bonus bets. We use the technique in the no risk matched betting tutorial to play two bookies against each other and extract the cash from these.
A great alternative is managing accounts for friends which I talk about in the free matched betting ebook.
In the most basic terms what we do to bypass this issue is place a bet on a selection with a bookmaker and then a lay bet against that the same selection on Betfair. The two bets then cancel each other out, creating a risk-free situation. After we do this they award us with the bonus. Then using a simple strategy we turn this bonus into cash (Also risk free and all fully explained later)
Once you accounts are set up, verified and ready to go then it is smooth sailing.
However if they think you are just taking advantage of them for their bonus offers they do simply not like it and will cancel your account because you are not a valued customer. This is avoided with mug bets and other techniques explained in the free ebook.
So I advise against using a credit card to deposit for this reason.
It becomes a lot quicker as you know what you are doing. I often place 10+ bets in one hour now, in the beginning it too me about and hour as I went very slowly making sure I understood everything.