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Money Saving Ideas, making travel money Want work to supplement your travel funds? Looking for staff for your MC tour company or? Got an idea to make a little money? Have some work you want done? Post it here!
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  #1  
Old 2 Nov 2007
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Making money for/during the trip, UK residents only

Hi, for those who have an internet connection (I guess you since you are reading this) and a bank account in the UK (possible for many other nationalities as well, but much less profitable), there is an easy way to make some money either in preparation for a trip or while on the road.
It is called matched betting which may sound dodgy, but is perfectly safe if done correctly. Basically one makes bets on all outcomes of an event which by itself rarely makes a profit, a small loss is more likely. Many bookmakers offer sign-up bonuses though, which can be bagged this way. About 1000 GBP can be made easily, after that it does get a bit harder (I have made 2400 so far). Not enough to make a living, but a nice bonus which will pay for the used KTM I want to buy, and also helpful when travelling in cheap countries.
Please feel free to PM me, I am happy to give more details (there is an excellent forum explaining and discussing it all) and to help.

Peer
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Old 2 Nov 2007
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Responding to Dan

Hi Dan, it seems I can't reply to your message because I haven't posted often enough in this forum (I'm new here).
The basic principle is as follows: As a promotional offer a bookie gives you a 50 GBP free bet if you bet 50 GBP of your own money first. So you bet with your own money at odds of 2 that Team A beats Team B in football. Then you go to a betting exchange such as betfair and there you bet that Team A won't beat Team B (this is called laying a bet). So if Team A wins, you win 50 at the bookie, but lose 50 at the betting exchange. If Team B wins or if it is a draw, then you win 50 at the exchange, but lose 50 at the bookie. Whatever happens, no win and no loss (this is why it is called matched betting, it is risk free as opposed to betting). But now you get the free bet from the bookie and do the same. If Team A wins, you win 50 at the bookie (so you have 100 there, including the free bet stake) and you lose 50 at the exchange. In total you win 50. If Team A does not win, you lose the free stake at the bookie, but win 50 at the exchange, again a profit of 50. This is a simple example, in reality it is often less easy. But the same principles applies and stakes can be calculated with an Excel spreadsheet (which I can give you). After that you'd move to the next bookie and do the same again (generally these offers are for opening an account).
If you want to send me your email address via PM I can give you the spreadsheet and a link to a website that explains everything in detail (they don't like publicity so I don't want to post the link here).
I know it sounds a bit dodgy, it took my colleague 3 months to convince me ;-) But it does work.
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Old 7 Nov 2007
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I can vouch for this. I done several match bets a couple of year back and made about £480 but there was plenty more to be made. I gave up at £480 as i simply used the cash to pay a bill. I would start again but ive done most of the easy bets and dont have the time atm.

Money Saving Expert: Consumer Revenge - Credit Cards, Shopping, Bank Charges, Cheap Flights and more have a forum dedicated to this.

Theres also casino bagging. Google to find out more
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Old 12 Dec 2007
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Thanks guys. Looks like i'm about £380 up!
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Joe
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  #5  
Old 21 Feb 2008
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Er...

[quote=PeerG;157261].....quote]

Eeehm... can you start from the beginning??

This sounds fabulously exciting - only, I can see myself flagging at.. well the first hurdle... TOO COMPLICATED!!!

Why don't we - give you some money - and then we split the earnings? That way, you still make some extra cash -- and we can afford that sexy little laptop we're hoping to buy for our trip!

AND in ADDITION to making extra dosh - you can glow in the kudos of having saved me and Gigi a few week-ends of working overtime!!

It will be JUST like investing our money on the SE: we can call it the HUBANK UNLIMITED!!
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Old 8 Mar 2008
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[QUOTE=impasto;175984]
Quote:
Originally Posted by PeerG View Post
.....quote]

Eeehm... can you start from the beginning??

This sounds fabulously exciting - only, I can see myself flagging at.. well the first hurdle... TOO COMPLICATED!!!

Why don't we - give you some money - and then we split the earnings? That way, you still make some extra cash -- and we can afford that sexy little laptop we're hoping to buy for our trip!

AND in ADDITION to making extra dosh - you can glow in the kudos of having saved me and Gigi a few week-ends of working overtime!!

It will be JUST like investing our money on the SE: we can call it the HUBANK UNLIMITED!!
Lets see now....- he does the work and you get the money? You've been to Nigeria havent you?
Dont give up the dayjob!
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