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Gambit
Tufted Titmouse
Joined: Mar 27, 2008
Age: 27
Posts: 44
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 Posted: Tue Jun 17, 2008 4:53 pm Post subject: Easy money making schemes |
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This post is primarily to help those struggling to make ends meet, but also for those keen to make a bit extra pocket money.
I’ve done ‘matched betting’ for some time and it’s easy money. You can read about it here. You can make an easy £100 per weekend. Some dedicated folk make £300+ per week quite easily. There is a diary of a guys yearly match betting progress on that link i gave, where he’s made over £30,000 so far.
After match betting there’s also stoozing and casino bonuses to take advantage of. These options require more work and involve more risk. Read about these here.
Guys it really is easy money and best of all it’s done from the comfort of your home – just you and your pc. Perfect match. If I can do it then you can too 
If you’re really interested then carefully read the guidelines provided on the websites linked above. If you have any questions I’ll be happy to help. 
If you have tried another easy money making scheme successfully, then let us know! |
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t0
Deinonychus
Joined: Mar 24, 2008
Posts: 373
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| Posted: Tue Jun 17, 2008 8:40 pm Post subject: Re: Easy money making schemes |
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I would recommend that most people try to find a job that fits them, work hard, and avoid get-rich-quick schemes. If it was really that easy, and really that guaranteed, everyone would be doing it.
Instead, you have people in the US suffering from things like the internet bubble, the housing bubble, etc because someone told them they could get rich quick. |
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pineapple
Deinonychus
Joined: May 01, 2006
Age: 24
Posts: 373
Location: san francisco
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| Posted: Tue Jun 17, 2008 8:53 pm Post subject: |
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I don't believe "easy money" exists, but that's just me...if it was easy, I'd already have it.
_________________
chuck norris does not sleep. he waits.
Go here, be asexy------> http://theonepercentclub.blogspot.com |
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pakled
"Bless his Heart"
Joined: Nov 13, 2007
Age: 50
Posts: 2761
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| Posted: Tue Jun 17, 2008 9:43 pm Post subject: |
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We're the buckle of the Bible Belt. We only got the lottery a couple years ago. I don't know the status, but there's a bill in Congress to make online betting illegal.
I've heard of all sorts of theories on betting, I consider it a tax on stupidity, but maybe 'cause I've never won anything... |
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_BRI_
Snowy Owl
Joined: Apr 29, 2008
Posts: 157
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| Posted: Wed Jun 18, 2008 2:38 am Post subject: |
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| Gambling is a bad choice. |
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MattD
Deinonychus
Joined: Dec 03, 2007
Age: 24
Posts: 370
Location: six feet down under
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| Posted: Wed Jun 18, 2008 9:54 am Post subject: |
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What about counting cards  , nah its not that profitable unless you bet high, also some casinos have shuffling machines that make counting useless  |
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Gambit
Tufted Titmouse
Joined: Mar 27, 2008
Age: 27
Posts: 44
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| Posted: Wed Jun 18, 2008 1:57 pm Post subject: |
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Guy's, it really is easy money. There is NO gambling involved in matched betting. If you made the effort to check out the matched betting link I gave and read the sticky's, I'm sure you would not make the same knee-jerk anti-gambling remarks.
| Quote: | | "If it was really that easy, and really that guaranteed, everyone would be doing it." |
Yes, that's a valid point and one that everyone should think. My answer is I don't know. It could be because some people aren't comfortable with spending money online, especially registering with online betting companies, regardless of how reputable they are. It could be belief that this is gambling and you could risk it all - but like I said YOU ARE NOT GAMBLING YOUR MONEY.
I'm really disappointed in the replies so far. People who read this thread will think the same and dismiss this opportunity. That's fine if that person has a job and is comfortable, but some need every penny they can get, and it is those who will find this information really helpful. |
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tharn
Toucan
Joined: Apr 22, 2008
Age: 29
Posts: 255
Location: Iowa
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| Posted: Wed Jun 18, 2008 2:29 pm Post subject: |
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The link you provided confused the @#$@# outta me. But I did look up "matched betting" on Wikipedia, and think I have some idea of how it works:
You bet on Team A to win, and you bet on Team A to lose.
In theory, all things being equal, you will break even no matter the outcome, thus nullifying the risk, but also nullifying potential profit.
However, there are sometimes irregularities in the odds given, such that one outcome will yield a small profit, while the other outcome still yields no risk.
As far as I can tell, this practice requires these things:
1. Presence of these irregularities.
2. Spreadsheet software to identify irregularities quickly.
3. Placing bets quickly before the odds can be changed.
4. Absence of broker's fees, by virtue of special offers.
Correct me if I'm wrong.
Personally, I'm not a fan of gambling itself. (I really think it is a tax for people who are bad at math.) But even with the risks nullified, it seems like a bit more trouble than it's worth. I hope you'll forgive the hostile response you got, but your post did look an awful lot like the scams floating about. Although I see the math in it now, it did smell awful fishy.
_________________
Sainte atha ma u Hrair, kan zyhlante hray u vahra ma hyaones.
My heart has joined the Thousand, for my friend stopped running today. |
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t0
Deinonychus
Joined: Mar 24, 2008
Posts: 373
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| Posted: Wed Jun 18, 2008 2:39 pm Post subject: |
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I went to one of your links. I also went to:
http://en.wikipedia.org/wiki/Matched_betting
The basic idea is that you place two bets that mostly offset each other in hope of cashing in on free offers that bookies give to use their service. You are incorrect in asserting that this is not betting. It is. But by betting on both teams you're minimizing the potential gain/loss from the bets themselves.
From your link I went to a diary that a user was keeping to track his gains. After 7 weeks, he had made a profit of 245 pounds. He had another 380 pounds in credit tied up in various offers with bookies. That means he actually pocketed an extra 35 pounds per week. Unfortunately he doesn't describe how much time he spends on this project, so it's impossible to calculate an hourly rate.
Fair assessment? Or did I miss something? |
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tharn
Toucan
Joined: Apr 22, 2008
Age: 29
Posts: 255
Location: Iowa
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| Posted: Wed Jun 18, 2008 2:45 pm Post subject: |
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| t0 wrote: | I went to one of your links. I also went to:
http://en.wikipedia.org/wiki/Matched_betting
The basic idea is that you place two bets that mostly offset each other in hope of cashing in on free offers that bookies give to use their service. You are incorrect in asserting that this is not betting. It is. But by betting on both teams you're minimizing the potential gain/loss from the bets themselves.
From your link I went to a diary that a user was keeping to track his gains. After 7 weeks, he had made a profit of 245 pounds. He had another 380 pounds in credit tied up in various offers with bookies. That means he actually pocketed an extra 35 pounds per week. Unfortunately he doesn't describe how much time he spends on this project, so it's impossible to calculate an hourly rate.
Fair assessment? Or did I miss something? |
We both went about researching the same issue, the same way, at the exact same time. Great minds thing alike! 
Err... *ahem* ^_^
I just noticed it was the 193rd post for both of us too.... weird.  |
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Fnord
Metasyntactic Variable
Joined: May 07, 2008
Posts: 2372
Location: Pantopia
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| Posted: Wed Jun 18, 2008 3:06 pm Post subject: |
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I can not link to the site from work, as our corporate firewall identifies it as a "GAMBLING/GAMING WEBSITE", so its integrity and legality may be questionable.
"If it seems too good to be true, then it probably is."
Words to live by.
_________________
a. Science is the vast graveyard into which all irrational beliefs are eventually laid to rest.
b. Faith is irrational belief in improvable concepts.
:: Science buries Faith. |
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Gambit
Tufted Titmouse
Joined: Mar 27, 2008
Age: 27
Posts: 44
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| Posted: Wed Jun 18, 2008 3:44 pm Post subject: |
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| t0 wrote: | I went to one of your links. I also went to:
http://en.wikipedia.org/wiki/Matched_betting
The basic idea is that you place two bets that mostly offset each other in hope of cashing in on free offers that bookies give to use their service. You are incorrect in asserting that this is not betting. It is. But by betting on both teams you're minimizing the potential gain/loss from the bets themselves.
From your link I went to a diary that a user was keeping to track his gains. After 7 weeks, he had made a profit of 245 pounds. He had another 380 pounds in credit tied up in various offers with bookies. That means he actually pocketed an extra 35 pounds per week. Unfortunately he doesn't describe how much time he spends on this project, so it's impossible to calculate an hourly rate.
Fair assessment? Or did I miss something? |
Hi t0.
Your first sentence is perfect, but the following sentence misses the point. This is NOT gambling. You are NOT risking ANY of your own money. There is NO loss. I guess the only risk is stupidity and somebody not doing their sums right or botching things up online.
Let me describe a simple example of what I typically do to take advantage of match betting to give you guys a better idea of how things work and an idea of time input etc.
1. First I come across some advertisement for a big bonus from some reputable gambling site.
2.Take Ladbrokes for example. Currently they are giving away a £100 free bet if you're a new customer and if you deposit and bet the equivalent bonus amount.
3. Now I register with ladbrokes (use a program like roboform to speed this process up) and deposit £100.
4. You have to register with a betting exchange like www.betfair.com to take advantage of these bonus offers. I have already registered, but if you're new you'll have to register. Let us deposit £200 here.
5. Now double check the terms and conditions of ladbrokes offer. Sometimes there is a requirement that you have to bet on something with odds greater than 2/1 (2.0 in decimals). Also, very importantly, you have to note if the bonus amount will be returned to you if you win the bet. Often times this is not the case and this makes it is a stake not returned (SNR) bet. Let us asume for sake of simplicity it is a stake returned bet (SR) (i.e opposite of SNR). Also let us assume that the £100 bonus bet is recieved immediately after my initial deposit and can be betted at the same time as my deposit (which we assume is a requirement - it would be ridiculous if it wasn't lol). So basically I have £200 in my account to bet with.
6. Now I compare the odds on ladbrokes and betfair for a soccer match. I look at football team A winning and notice that odds are 2/1 on ladbrokes. I look at team A losing and drawing (i.e 'laying' against team A - laying is only availabe at betting exchanges) at the betting exchange and notice team A has odds of 2/1. Terrific. Why? Because of the maths....
7. See, if I bet the £200 on team A to beat team B at odds of 2/1. And lay £200 on team A at odds of 2/1 I'm eliminating all risk of losing money because my money is covering all outcomes.
8. ...if there was no bonus there would be 0 money to make from this offer. But I've betted with £100 of somebody elses money. That means whatever the outcome I'm +£100 up. Great. I've assumed the ladbroke offer is SR.
I hope that the above is simple to understand. In reality the process can be longer because of the terms and conditions of the betting offer. Also you're not going to get 100% of your winning lay bet from the betting exchange (BE) because they normally charge about 5%-3% commission our winnings. This is little cost considering the amount of freebet.
You can easily do one bet in less than 20min. For that ladbrokes offer I suspect it's SNR and you'll have to bet twice. So the whole malarchy would probably take an hour if you dedicate yourself. Not bad for about £80 (realistic) I think (even if it's SNR).
Also, t0 I think you misread that diary, or perhaps checked out some very very bad 'match betters' diary. Check out the match betting diary in the sticky to give you a better idea of the potential earnings and better coverage of offers available.
Last edited by Gambit on Wed Jun 18, 2008 4:01 pm; edited 1 time in total |
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Gambit
Tufted Titmouse
Joined: Mar 27, 2008
Age: 27
Posts: 44
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| Posted: Wed Jun 18, 2008 3:52 pm Post subject: |
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| Actually, let me correct my previous post slightly. There is a possibility of making a loss on a SNR if say you bet so many times and kept winning at the bookmakers. This is because it's often times difficult to find perfect matching odds on both the bookmakers site and the betting exchange.So the requirement is to lose at the bookmaker and win at the betting exchange for an SNR. If the bet is SR then there is NO risk at all. The chances of winning every bet at the bookmakers is just highly unlikely - so there is very little risk on SNR. |
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tharn
Toucan
Joined: Apr 22, 2008
Age: 29
Posts: 255
Location: Iowa
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| Posted: Wed Jun 18, 2008 4:31 pm Post subject: |
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| Presumably, wouldn't you lose on both bets if the outcome was a draw? Granted, this is unlikely, though still a possible wash. |
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Gambit
Tufted Titmouse
Joined: Mar 27, 2008
Age: 27
Posts: 44
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| Posted: Wed Jun 18, 2008 4:44 pm Post subject: |
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| tharn wrote: | | Presumably, wouldn't you lose on both bets if the outcome was a draw? Granted, this is unlikely, though still a possible wash. |
No. As I said in the previous posts all outcomes are covered. The win, the loss and the draw. How? Because even though at the bookmaker you can only bet on one outcome in a football match for example, at the BE you can bet on more than one outcome. You do this by 'laying' the bet at the BE. Go through the tutorial at ww.betfair.com. You'll understand. |
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