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Make Guaranteed Money - Gambling Cashback (£100+ in a few hours)

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Posted 20th September 2017 at 04:50 PM by BeerMoneyBloke

Make Guaranteed Money Taking Advantage of Gambling Cashback Offers

I’ve been using a gambling based cashback website on and off for the last while. They offer cash back deals on gambling websites and I’ve made over £200 in cashback so far, this is about £100 in profit, I’ve also had a few big wins on the bingo games bringing my profit up to just over £300 with a lot of offers still left to complete.

We can take advantage of many of the offers on this site. An example they are running now is stake £10 on a bingo site and get £15 cashback. If you’re lucky you might win the bingo and make an even bigger profit.

We can also take advantage of the bookmaker offers on this website through matched betting.

Steps

  1. Get signed up for cashback HERE Its free to join!
  2. Highlight the gambling cashback tab and click the fixed cashback deals section
  3. Find a Profitable offer (Any offer where the cashback amount is larger than the stake is profitable, any offer where the cashback amount is equal to the stake is likely to be profitable). About half of the offers on this site are not profitable.

Bingo Offer Example

Example Offer Mirror Bingo

Find the offer by following the steps above. Click the green get cashback button

The offer terms state: Earn £15 cashback when you register, deposit and wager at least £10 (must play in bingo and must play the bonus).

Click the green get cashback button this will open the bingo site in a new tab,

Sign up, Deposit and play through £10 (including bingo bonus)

Go back to the previous tab (Coupon Arbitrage) and fill in the form that is on screen, you must do this after you have completed the offer in full

Wait 2-3 days for the cashback to be confirmed.

Casino Offer Example


William Hill Casino offer

Offer Terms – Earn £35 cashback when you register via the link below and deposit and wager at least £25

For these offers its best to play roulette and place 25 separate £1 bets on red or black. In the case where all our bets lose we will still make a profit of £10., You should win at least a few of these bets giving you more profit.

Bookmaker Offer


Making profit from the bookmaker deals involves matched betting.

Matched Betting can be quite a confusing concept for a beginner. I highly recommend you do plenty of research on it before taking part. Lots of great info can be found at the Money Saving Expert Forums. It’s important that you fully understand the concept before placing any bets.

In short matched betting is when you cover all outcomes of a sporting event by backing one outcome at a bookmaker and laying (betting against) the same outcome at a betting exchange.

For example, we bet on Team A at the bookmaker and lay Team A at the betting exchange. (laying in simple terms is to bet against an outcome) The two bets cancel each other out allowing us to make a very small loss in order to activate the cashback.

I use Smarkets as my betting exchange

Betbright Offer

Earn £15 cashback when you register via the link below and deposit and wager at least £30

We use matched betting to ensure a profit.

Example Fixture

Man U v Stoke

I chose this game because the back and lay odds for Stoke were quite close. These are the kinds of games you will want to use when matched betting. It’s not hard to find games with odds like this, just compare the odds for a few games on the bookmakers and the exchange and you will soon find one that is suitable.

To work out the stakes needed we use a matched betting calculator.

Set it to normal mode

Enter stake required for the offer (In this case £30).

Change commission to 2% if using Smarkets

Enter the Back and lay odds for Stoke (I use Stoke here because the BACK and LAY odds are close.)

Back Stoke @ Skybet 4.0

Lay Stoke @ Smarkets 4.2



We place our £30 bet on Stoke @ odds of 4.0 (Skybet)

Now we lay stoke £28.71 @ odds of 4.2 giving us a liability of £91.87 (Smarkets betting exchange)

The liability amount is how much we will lose on the exchange if our BACK bet wins. Any money lost at the exchange will be won back at the bookmaker and vice versa. This gives us an overall loss of £1.86. We will then receive £15 cashback from coupon arbitrage giving us a profit of £15-£1.86 = £13.14

Remember that games where we can find close odds for our back and lay selections are the best (4.0 and 4.2 in this example) this minimizes our loss.

You can also extract profit from any free bets given by the bookmaker by following the same process but setting the calculator to free bet mode when using free bets.

I’ve made a blog post specifically about matched betting, you can have a look at it here if you want to learn more

Important Info


Always read the terms – the terms of each offer may differ make sure you follow them.

Turn off ad-block – I’ve heard of some people having difficulties with many cashback sites tracking their activity due to adblock

Getting paid – Most offers will pay out between 2-3 days. The longest I have had to wait is 7 days.

Matched betting can be quite confusing, make sure you understand what you are doing before taking part. If you make a mistake you could lose a lot of money.

If You have a few pound in an account you may have to deposit more in order to meet the minimum withdrawal requirement. Usually £10

Sign up to the cashback site here for free

Payment Proof



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