www.sportsarbitrageworld.com - the Professional's Choice

This minicourse has been written to provide you with an introduction to the principles involved in sports arbitrage. Log into the TraderZone to purchase your Trader Pack which includes the Hardback Version of Sports Arbitrage - How To Place Riskless Bets and Create Tax-Free Investments by Rajeev Shah

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CAPITALISING ON FREE BETS
The basic 2-step trading method

You already know that as a sports-arbitrage trader, you will need to open a large number of bookmaker accounts. However, did you know that as well as automating this process with ArbSurfer (Starter or Pro), you can actually get paid over £2000 to do this?

Many online bookmakers offer free bets and/or cash back bonsuses for new accounts, whilst others offer special promotions for specific events. Click here for an up-to-date summary of the new account bonuses & other promotions available right now from UK licensed bookmakers online.

You can also use the links provided in ArbSurfer. As well as the convenience of automatic application form filling, the links in ArbSurfer are updated dynamically and will always take you to the best current offers available, including extra bonuses available only to ArbSurfer users.

The book Sports Arbitrage - How To Place Riskless Bets and Create Tax-Free Investments by Rajeev Shah details a number of techniques you can use to put this free bonus money into your bank account. Below is a description of the simplest of these.

If you use the method below, you can expect to make as much as £2000 with almost no effort.

The advanced techniques can make you a lot more but they also require some more effort to implement.

When you receive a bonus from a bookmaker, his terms will require you to bet your deposit plus any bonus before you can withdraw the money. The basic method is to place a bet with the bookmaker and then eliminate all of the risk by placing an opposite bet with another bookmaker. The more care that you take over securing the best prices, the more profit you will make. Resources such as ArbAlarm will ease the task of finding the best suitable prices but to use the most basic method, all you will need is a free odds-comparison tool.

Since you're opening accounts with several bookmakers, all of whom are giving you bonuses, simply play them against each other! Here's an example:

Time/Effort required: 1/5 | Profitability: 1/5

In this example, we take advantage of VCBet's offer of a £50 free bet for new customers. According to the rules at VCBet regarding this bonus, our bet must be placed at odds equal to or higher than 1/1 (aka evens or 2.00)

We first have to place a bet with VCBet using our own funds in order to qualify for the free bet. We'll lay the bet off at Betfair for a very small loss.

First bet
(placed in order to qualify for the free bet)
Bookmaker Bet Type Outcome Stake Price
VCBET Back Newcastle 50 2.90
Betfair Lay Newcastle 50.52 2.92

With the bets above:

Having lost £2, however, we now have a free £50 bet to use:

Using the free bet
Bookmaker Bet Type Outcome Stake Price
VCBet Back Derby 50 4.35
Betfair Lay Derby 36.02 4.70

With the bets above:

Taking into account the £2 lost in the first phase of this operation, the net profit from this free bet is £32.22

£32.22 may not sound like much but you can easily repeat this same process 40 times over the course of a week to make well over £1000 completely risk-free. With the follow-up bonuses offered by most of the bookmakers, your total profit could be as much as £5000 - just for doing the preparation work you need to anyway if you want to become a sports-arbitrage trader!

Obviously, when you start using the TraderZone to trade arbs, the trades you make with bonuses and free bets will become considerably more profitable. So why not start right now? It will only take you about 20 minutes to make your first £30 profit...

Remember, ArbSurfer will automate the form-filling aspect of opening the new accounts, saving you a lot of time and effort.
  • a) In ArbSurfer, open the Sites Repository & press the 'Enable Filtering' button at the bottom.
  • b) Press the + button to add a filter & set it as Categories Contains Bookmaker & Press OK
  • c) Press the + button to add a second filter & set it as Country Contains UK
  • d) The Repository will now display the complete list of UK bookmakers.
  • e) Simply double-click on the ones you want to open and navigate to the sign-up forms.

If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form. Make a note of the usernames & passwords required to log into the accounts you have set up. You should then go to each site and log in for the first time. When you do this, ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically.

As an active trader you'll receive Free Bets & Deposit Bonuses when you first create your accounts. These will be followed in some cases by Reload Bonuses later on when you make new deposits to your accounts.

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If you scalp these bonuses using break-even trades as shown to you in the TraderZone, you'll keep 100% of the bonuses as profit. If you choose less efficient methods, on average you'll keep about 70% of the bonus as profit.

Deposit Bonuses

Reload Bonuses

Offers change regularly and you are advised to check the terms and conditions on each website before opening an account. Currency conversion subject to fluctuation

Go to Part 08

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