Compared to casino style gambling, sports gambling is often considered to be a game of skill. With the availability of handicapping tools (arbitrage betting software, stats, computer programs, tips), sports gamblers are able to use science and objectivity to help mediate the house’s advantage while also locating solid wagering opportunities. But remember that these techniques are profitable but only by using arbitrage betting software correctly.

Bonus Bagging

Several years back, a gentleman named Mike Cruickshank went public with a wagering angle that is making hundreds of thousands of dollars for gamblers at every level. The “bonus bagging” methodology revolves around taking advantage of free bet offers made by most online sportsbooks as incentives to draw and retain customers. When bonus bagging, a gambler goes through the process of betting both sides of an event, using the promise of a free bet as leverage to assure they incur little to no losses while qualifying for the bonus.

How Bonus Bagging Works

Given the competitive nature of the online sports betting industry, most reputable online sites will offer a free bet to new customers who are willing to place a qualifying bet. Once the qualifying wager has been made, a free bet, usually of equal value to the qualifying bet up to a specified maximum, is granted to the player. Using the bonus bagging methodology, that qualifying wager can be made with little to no risks involved. Here’s how it works.

At the same time the player opens their new account with the sportsbook, they would simultaneously open a betting exchange account with a reputable site like Ladbrokes. The two accounts will be used simultaneously to create an arbitrage wagering situation. Instead of going into a long explanation with confusing terminology, here’s is a classic example of the bonus bagging methodology.

A sportsbook is offering new players a free bet of up to $50 for a qualifying bet of equal value. Usually, the qualifying wager must carry odds that are equal to or greater than +150. For this example, the player wagers $50 on team A at +200. This is referred to as the “back bet,” meaning the player is backing a particular team. After placing their back wager, they would immediately list a “lay bet” against team A through their betting exchange account. The odds they would be required to offer other gamblers would be somewhere close to the same +200, but for the sake of this exercise, the lay line will be +190. If team A wins, the player wins $100 ($50 wager X 2.0) in their sportsbook account while having to payout $92.50 ($50 received X 1.9 plus a 5% commission) in their betting exchange account for a no risk net profit of $7.50. If team B wins, the player losses $50 in their sportsbook account, but collects $47.50 ($50 less a 5% commission) in their betting exchange account for a small loss of $2.50. Regardless of the outcome of the event, the player gets the free $50 bet for a maximum risk of $2.50 with a $7.50 profit still possible.

Using Arbitrage Betting Software

When Mike exposed his revolutionary bonus bagging methodology, he wanted to make the process of locating the best arbitrage betting opportunities as easy as possible. With that in mind, he developed an arbitrage betting software product called “bonus bagging odds matching software.”

This bonus bagging odds matching software offers an efficient way to locate bonus offers and set up arbitrage bets that will help you minimize your possible qualifying bet losses while earning your free bets. The software is easy to use as long as you follow the prompts and enter the correct information. The process begins when you click on “request a new bet.” The software instantly trolls the Internet to find the latest free bet offers. Once a viable offer has been identified, you simply open an account, make a deposit and allow the software to take you through the arbitrage betting process until your free bet has been banked.

FYI: Not only is bonus bagging legal, but most sportsbooks are very comfortable with the notion their players are using this kind of a wagering tool. If you take a hard look at the practical applications of this methodology, you should immediately see it is scalable and only restricted by the number of bonus offers available throughout the industry. If your favorite sportsbooks gives out regular free bet offers to reward loyalty, your ability to build a nice bankroll will be greatly enhanced and this bonus bagging odds matching software will pay for itself.