Bonus Bagging

I've noticed we hardly post anything that does work - so I thought I'd throw it out there.
If we can advise people what not to put their money into; well we could throw a few ideas out as to what isn't a scam.

I'm not a gambling man - never have put a penny on a horse,
But I came across a term called 'matched betting'. (Matched betting - Wikipedia, the free encyclopedia)

Matched betting:

Matched betting, or back and lay bet matching, (also referred in the United States as double betting) is a betting technique used by individuals to profit from the free bets and incentives offered by bookmakers. It is generally considered risk-free as it is based on the application of a mathematical equation rather than chance. A typical return for a matched bet where the stake is returned is 85%+ of the free bet offer amount, and 70%+ where the stake is not returned.

I did a little research and the site I came across was: Bonus Bagging Loophole

Now, you CAN do matched betting without paying a fee - i.e. workout the odds etc; people who gamble will know better than myself.

I don't know much about it but have used it on one 'bet' and am up £10.

Like I said I'm not an expert on this but will strive to answer any questions.

Disclaimer: Matched betting is STILL betting - they say it's RISK FREE but nothing is risk free if you make a mistake!

I had looked at a site on this a while back and I think the premise of the Bonus Bag is bookies will give you some sort of a kicker to sign up at a new account. Similar to the goodies gamblers get when going to a traditional Casino. Matched betting can work if you can find a bookie that will give you the free bet without any other preconditions. Many will make you bet your own money first and/or make it difficult to withdraw your bonus.

I don't know what the online bookies are like in the UK, in the US they have all been pushed offshore so the big risk is here today gone tomorrow. This is a little unrelated to your thread, but topical to the site. U.S. attorney charges poker sites for operating Ponzi scheme - Sep. 20, 2011


This was a fairly interesting book on sports betting I picked up a few years back. Once thing that comes up as a recurring theme is what lengths bookies and casinos go to in stopping winning betters. If I remember correctly, the author got the scoop by being a "betting mule" for a big gambler was who was very successful and no longer allowed to bet.

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It would be fun if you could post some updates about bonuses you bagged and a P&L.