Start Arbing With Bonuses
Bookmakers
ArbExpert
Bonus Scalping
Video Transcript and Links
Hello again and welcome to the fourth video in the Sports Arbitrage Guide fast track video series. Now, so far in this series I have directed you to open a Moneybookers account, to deposit your trading capital into that account and to fund any bookmakers who are offering ‘freebets’. Since the last video, you should have been trying to claim those freebets and to match them with complimentary bets so as to turn that free-bet token money into real withdrawable money. Now as we progress and we continue to look at other topics, don’t forget how to do this, because any more freebets that you find, you should continue to match bet them out in this exact same way.
In this video, we’re going to move on to the Stake returned bonus offers and look at how to best deposit our money in order to maximise these bonuses without risking our trading capital.
What you are going to do, is at the end of this video, open the links below in new tabs – that is CompareBookmakers, the new alert service and the Bonus Scalping page – then open up the four new bookmakers found on the Comparebookmakers page and register at all four of them, just like in the previous 3 videos. With this collection of 17 bookmakers you should be able to find at least a few of them that offer sign up bonuses of the “Stake Returned” type. What we want to do, is deposit at these bookmakers and claim as much of the bonus money as possible, without locking up too much of our capital.
Now, it is difficult for me to go into details on this point as every one of you will have a different bankroll that you are working with, but I can give you a couple of general rules that might help. Firstly, try to always keep about 20-25% of your bankroll left over in Moneybookers to resupply empty books. Now you need to keep this buffer for when crucial books run out of funds – it is your rapid response top-up money, and you want to always have it ready. When you do find yourself using this buffer, then make sure you immediately withdraw from an oversupplied book so you can replenish it as soon as possible.
Secondly, you never want to lock up too much of your money in any one sportsbook – so never put more than 20% into any bookmaker. You will usually want this to be less than 10%, but that will vary depending on whether you capital is $2,000 or $20,000.
The reason for this is because if a book offers a 10% bonus up to $500, but your total bankroll is only $10,000, then depositing half of your total bank, $5,000, into that one bookmaker is a huge mistake. Not only does that stop you from funding all of the other sportsbooks that you need, but if that bookmaker ends up winning every arb that you place with it, you could end up moving your entire bankroll into that one sportsbook – That means you can no longer arb because you have nothing to place the bets against.
So, what you are trying to do here is to deposit at all the bookmakers that are offering sign up bonuses so that you claim their full bonus amounts, without over extending yourself. Sometimes you need to leave the books that are offering the biggest bonuses until the end, so that you can be sure that you have enough capital to cover their rollover requirements.
With money now deposited at all of the bookmakers that are offering Stake Not Returned freebets, and Stake Returned bonus money, you now should have pretty good coverage of the bookmakers. If you have more than the 25% of your total capital left over at Moneybookers, then you might as well deposit in the bookmakers that aren’t offering any bonuses, but which keep coming up in arbs. Just remember this rule when depositing in new accounts – It is always easier to top-up an account than it is to withdraw. Depositing a smaller amount is just about always better than depositing a large amount. And besides, bookmakers prefer people who re-deposit much more than they like people who withdraw.
In any case, you should find yourself with multiple funded bookmakers, 2 or 3 arbitrage alert service trials running concurrently, several freebets waiting to be matched out and several funded accounts with bonus money in them. You are now in a position to start arbing. Whether you want to arb passively by waiting for your alert services to just deliver the arbs to you, or actively by also going out and finding the arbs yourself, is entirely up to you. Just know that at this point, your income is 100% in your hands. How much time and effort you put in determines how much money you can get out.
Now I know I said I would go into more detail on placing arbs in this video, but unfortunately I am going to have to leave it until the next video. For now, I would like to repeat the same advice I gave in the last video because it is that important – Don’t rush it. It does not matter how good that arb looks, if there is ANY doubt, leave it alone. You are ALWAYS better off missing a juicy arb than you are rushing into it and finding your mistake halfway through placing it. So until you are 100% certain that you have got a perfect arb, just hold off pressing “Confirm” at those bookmakers.
So that’s it. Go register at those four new bookmakers, fund any bookmakers that have sign up bonuses and any other ones that look like they are making good arbs that you can afford to cover – register at the new alert service, and then start going through the process of cautiously placing your first arbs. I’ll see you in the next video where we will go into more details on doing that.
