Paddy Power Phone Account Profits

Sorry for the lack of updates lately, this is the first of two decent earners I made during the Euro's that I need to update the site with.

To start with, going back to the Sweden V England group game on 15/06/12, I made a nice return using Paddy Power's enhanced price offer on England for all new phone accounts.

England were on offer at 100/30 (compared to the general price of around 5/4) to anyone opening a new phone account, at the same time they were available to lay for between 2.4 and 2.5 on Betfair.

The maximum bet you could place (with Paddy Power) was £100, so we (my Missus) phoned up and opened a new phone account and placed £100 on England at 100/30, guaranteeing a return (from Paddy) of £433.33.

I then went on Betfair and layed England at 2.46 for £180. This left me with a red of £262.80 on England, and a green on Sweden or the Draw of £171 after commission. This meant that my total outlay for the bet was £363.80, and I was guaranteed a minimum return of £433.33 before a ball was even kicked - no matter what happened in the match.

Breaking that down, this meant that had England not won, I would have lost my £100 stake with Paddy (by the way, the Paddy Power free bet is for £50), but I would have won £171 on Betfair, giving me a return of £71.

Or if England won (which they obviously did), I got £433.33 from Paddy Power, £100 stake back + £333.33 winnings, and I lost £262.80 on Betfair - leaving me with an overall profit of £70.53.

This takes the over all free easy money profits pot up to £652.05

I have noticed on Twitter that Paddy Power sometimes do offers like this through their Facebook page for existing (I think) customers, so it could be something worth keeping an eye on.

There are free bets available with all the bookmakers listed in the column on the right hand side of this website. These can be used to bet free with by customers opening new accounts.

A lesson in how not too do things

Last weekend I wrote about how I fully expected to take the Risk Free Profit Bank to over the £200 mark over that weekend - and so I bloody should have done.

I did intend to to cash in a couple of free bets that I never got around to. But the main reason why I was so confident of reaching this milestone was due to the £50 Free Bet offer from Bet365 to be used in-running during the Manchester City V Manchester United match.

Yes, this generous offer was supposed to make me an easy £20-£30, so why didn't it?

Well, the reason is because I let that old foe that is 'greed' take over and I also let my guard down with regard to my discipline as the gambler in me took over.

I matched my qualifying bet at a small loss of £2.70 on Sunday night, to make sure I was totally prepared come Monday. I then spent Monday deciding what bet to look to cash in on during the match.

I came up with an idea that if there was an early goal I would back Under 2.5 goals as I expected a tight game. If there was no early goal, then I would wait until HT to re-evaluate to situation.

After a lively-ish start to the match I got an idea in my head that there might be a couple of goals in the offing here, so as soon as Over 2.5 goals touched 2/1, I put the £50 on Overs.

I then watched and waited wondering if I had done my (risk free) dough as reality kicked in and I thought 0-0 or 1-0 either way again. Then bang on HT, I get my goal.

This is great, I can now trade out for a massive £50 risk free profit no matter what happens in the remainder of the match.

So what do I do? First I lay my £2.70 back to cover my qualifying bet, with the intention of getting out after the second goal.

In hindsight that was the moment when things went wrong because in only laying my qualifying bet amount I was committing myself to the staying in the bet until a second goal came along..... and as we all know, it never arrived.

So in the end I won bugger all, absolutely nothing when an easy 50 quid was just sitting there ready for the taking. To say I have been kicking myself all week would be an understatement, but I deserve it.

There is one slight positive to take out of this though, and that is the tactic of waiting for a good price on Over 2.5 goals in a game where plenty of goals is fairly guaranteed (not a Manchester Derby). If I could time this well - using a free bet obviously - like I did last Monday there could be good returns to be made.

I'm not saying that I will definitely adopt this tactic as it is gambling really, but it is an option that could be used on the odd occasion when there is a good probability of a favourable outcome - and after all, I don't want to be too rigid in my approach to this method of trading.

As all readers can see, over the past week I have been building up a list of free bets down the right hand side of the website. I have been able to secure some good personal offers especially for Betfree247 and I fully intend to add more to this list, so keep checking back for further updates and more free bets to cash in on.  

Here's too more risk free profits - and I will definitely be passing the £200 mark this weekend.

There are free bets available with all the bookmakers listed in the column on the right hand side of this website. These can be used to bet free with by customers opening new accounts.

Use Cashback sites for more risk free money

I've been on numerous gaming websites over the years that tell you they can make you hundreds of pounds using bookmakers free bets etc, and I have no doubt that they do so. There is though, one method of getting our hands on free money that I've never seen on any of these gaming websites before, and that method is by using Cash Back Sites.

Cash Back Sites are something I have only stumbled across over the past 18 months or so, but by the looks of things people have been cashing in on their offers for a few years now.

Basically these sites give you money just for opening bookmakers accounts and meeting certain qualifying criteria. This criteria is easily obtained, it is generally depositing a modest amount (say £20-£40) and gambling it once - and for doing this, the Cash Back Sites will reward you with payments of between £10 and £20, it couldn't be easier.

The two sites I have used over the past few months is Top Cash Back and Quidco. In general both of these sites use the same bookmakers with similar cash back amounts, with the exception of the odd different bookie and amount of cash back here or there.

Top Cash Back is my preference of the two, mainly because I find the site more easy to navigate, and because it is free to join. Quidco costs £5, but you don't pay that until you start earning cash backs, so in theory it doesn't actually cost you any hard earned cash.

There is though a real jewel in the crown with using Cash Backs Sites - and that is because in the case of some bookmakers you can claim these cash back offers and also claim the bookmaker's free bets - it's a win win situation.

At the moment with Top Cash Back you can get a £20 cash back for joining Ladbrokes, along with a £50 free bet. You can also get a £20 cash back for joining Coral, along with a £30 free bet. It really is money for old rope.

In the case of Ladbrokes you need to deposit and gamble £20 to qualify for the cash back - you would be staking £50 anyway to qualify for the maximum free bet amount. In the case of Coral, you need to stake £25 to qualify for the cash back, but again, you would be staking £30 for the maximum free bet.

So as you can see, you will qualify for the cash backs if you stake the amount needed to claim the maximum available on the free bets.

With Top Cash Back you can currently get the following cash backs for opening accounts with Ladbrokes - £20.20 (as well as £50 free bet), Coral - £20.20 (as well as £30 free bet),  Paddy Power - £20.20, Betfair - £15.15, Boylesports - £10.10 and 32Red Bet - £15.15. There is £100 in cash backs, without the free bets.

Quidco currently offers cash backs with Ladbrokes - £20.00 (as well as £50 free bet), Coral - £20 (as well as £30 free bet), Paddy Power - £20, Betfair - £10, William Hill - £12, 32Red Bet - £15 and Racing UK - £20.

Another trick to use here is patience. I've noticed that offers with some bookmakers have come and gone - with regard to free bets and cash backs. Rather than going crashing in and just signing up to anything and everything, why not just wait and see if a bookmaker decides to stick it's head above the parapet with a knock out offer?

At the moment the Ladbrokes and Coral's offers are a must. Can't see them being bettered any time soon.

Don't worry if you already have an account with the bookies in question. In the case of Ladbrokes, I already had an account with them - but my Missus didn't, so she opened one and claimed the free bet.

For anyone interested in taking advantage of these offers please feel free to get in touch if any further information or help is required.

There are free bets available with all the bookmakers listed in the column on the right hand side of this website. These can be used to bet free with by customers opening new accounts.

Ton up thanks to free bet offer from Bet365

I passed the £100 milestone on Wednesday thanks to the latest generous £50 free bet offer from Bet365, this time on Chelsea V Napoli last night.

It's the second one of these Free Bet offers I have picked up free money on lately, the same deal was available at the start of February on the Liverpool V Tottenham match, when I picked up £25 risk free.

It wasn't quite as productive this time round as I only picked up £19.13 from last night's match.

My qualifying bet cost me £1.06 to match. I backed Chelsea for £50 at 1.7 with Bet365, returning a £35 win. I layed Chelsea on Betfair at 1.7 pre match, at a cost of £36.06, resulting in the small £1.06 loss.

I could have layed them at a cheaper price had I held on (I did see 1.66 pre match), but they had been backed in that much I struggled to see the price coming in much more when it hit 1.7.

This qualified me to claim the £50 free bet in running. I placed the free bet at half time to avoid the risk of a goal mucking things up (I generally try to do it this way). The importance of getting the trades nailed down during the half time break was quickly shown as John Terry made it 2-0 almost immediately after the restart.

The general problem I find though is that the price difference between Bet365 and Betfair is that far apart, that it is hard to find a market to hedge the bet with.

In the end I had to settle for backing Under 2.5 goals with Bet365 for £50 at 1.83, paying £41.50 if it won. I then layed Under 2.5 goals on Betfair at 1.98 giving me a £20.19 green on Overs and roughly £20 red on Unders - so I was guaranteed a return from either Bet365 or Betfair no matter what happened.

It would have been more profitable to have found a market at around the 3.5 to 4 mark, this gives you a bigger win ratio as your £50 is winning between £125 and £150, but you also need a lot of money in your Betfair account to cover the lay side of the trade, and unfortunately all my money was tied up last night, meaning I had to do a short priced trade.

Anyway, I pocketed a risk free profit of £19.13 which is better than nothing, taking my total risk free profit's to £104.98 in just over a month. A small milestone, but a milestone none the less.

There are free bets available with all the bookmakers listed in the column on the right hand side of this website. These can be used to bet free with by customers opening new accounts.