BMW M3 Forum (E90 E92)

BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read


Go Back   M3Post - BMW M3 Forum > BIMMERPOST Universal Forums > Off-Topic Discussions Board
 
Post Reply
 
Thread Tools Search this Thread
      03-30-2014, 03:18 PM   #1
Googlyamnesiac
Captain
United_States
40

 
Googlyamnesiac's Avatar
 
Drives: 330xi
Join Date: May 2009
Location: USA


Posts: 698
iTrader: (3)

Risk Free Gambling??

Has anyone ever tried to make a money from 'matched betting'? I say that term as if I know what i'm talking about when I really don't haha. I stumbled upon it last night and I've been reading up on it a lot today. I found a site called raid the bookie (https://raidthebookie.com), which seems to guide you through step by step. I'm close to taking the plunge and giving it a go but I wondered if any of you guys have tried this or something similar and know if it works???

edit: 2 weeks later I can now answer my own question it seems! Yes this does work! :-)

Last edited by Googlyamnesiac; 04-09-2014 at 05:53 PM. Reason: updating my original question!
Appreciate 0
      03-30-2014, 06:12 PM   #2
pmeloche
Lieutenant Colonel
Canada
17

 
pmeloche's Avatar
 
Drives: 2013 F25 X3 xDrive35i
Join Date: Feb 2008
Location: Montréal, Canada


Posts: 1,612
iTrader: (0)

Casinos (online or not) are in the business of making money out of people hoping to win big but in reality they wind up losing their shirt. Sure, once in a while someone somewhere will win big but those time are few and far between. The odds are always stacked against you and in the long run the house will always win.

Cheers.
__________________

Patrice
2013 F25 X3 xDrive35i Vermillion Red
Appreciate 0
      03-30-2014, 06:51 PM   #3
Googlyamnesiac
Captain
United_States
40

 
Googlyamnesiac's Avatar
 
Drives: 330xi
Join Date: May 2009
Location: USA


Posts: 698
iTrader: (3)

The thing with this though is that apparantly it isn't actually risking anything since you are just converting the free Bonuses they give into cash. There's a video on that site, which I've watched a few times now and I 'think' I get it, just wondered if anyone else had tried it though! I have personally never gambled since I don't like the idea of losing my money but this caught my eye. Thinking it could fund me some new alloys!
Appreciate 0
      03-30-2014, 07:32 PM   #4
Devious21
Lieutenant
No_Country
12

 
Devious21's Avatar
 
Drives: 2006 Z4M
Join Date: Mar 2011
Location: SF Bay Area


Posts: 583
iTrader: (1)

Quote:
Originally Posted by Googlyamnesiac View Post
The thing with this though is that apparantly it isn't actually risking anything since you are just converting the free Bonuses they give into cash. There's a video on that site, which I've watched a few times now and I 'think' I get it, just wondered if anyone else had tried it though! I have personally never gambled since I don't like the idea of losing my money but this caught my eye. Thinking it could fund me some new alloys!
http://en.wikipedia.org/wiki/Matched_betting

Keep in mind, this site is focused on pounds and in the UK, they don't tax winnings. Assuming everything is on the up and up, your window for profit (after any loses and fees) is going to be smaller once you account for taxes.
__________________

|Evolve Airbox - Euro Headers - Strömung Exhaust - H&R Coils - 19" BBS CH-R|
Appreciate 0
      03-31-2014, 10:58 AM   #5
bga23
Dirty old man
17

 
Drives: 2011.99 e90 Alpine White
Join Date: Jun 2012
Location: Yeah, but it is a dry heat


Posts: 475
iTrader: (0)

If it is risk-free than it isn't gambling.
__________________
2012 Ford Raptor
2011 AW e90 - Sold
Appreciate 0
      03-31-2014, 11:04 AM   #6
MidwestGolfBum
Knower of all Things Useless
North Korea
19

 
MidwestGolfBum's Avatar
 
Drives: Space Grey E92s
Join Date: Jan 2011
Location: No Coast


Posts: 256
iTrader: (0)

Trust me, if this was "risk free" everybody would have started going this way instead of traditional betting. It's like when friends tell me that I shouldn't be able to lose in blackjack if I count cards. There is no way to make money 100% of the time when betting on things.
__________________
Quote:
Originally Posted by MrRetep View Post
I can never have cross dressing fun nothing ever fits!
Appreciate 0
      03-31-2014, 11:36 AM   #7
PSUSMU
Captain
23

 
Drives: Entry-level Luxury
Join Date: Jun 2012
Location: Falls Church, VA


Posts: 811
iTrader: (1)

Quote:
Originally Posted by bga23 View Post
If it is risk-free than it isn't gambling.
x2 it's an oxymoron
__________________
RSI, LLC | Fender Rolling | Suspension | Other Stuff
Appreciate 0
      03-31-2014, 08:25 PM   #8
Googlyamnesiac
Captain
United_States
40

 
Googlyamnesiac's Avatar
 
Drives: 330xi
Join Date: May 2009
Location: USA


Posts: 698
iTrader: (3)

Quote:
Originally Posted by MidwestGolfBum View Post
Trust me, if this was "risk free" everybody would have started going this way instead of traditional betting. It's like when friends tell me that I shouldn't be able to lose in blackjack if I count cards. There is no way to make money 100% of the time when betting on things.
You say that but this really does look 'risk free'. As you are using the bonus money the bookies give you for signing up and offsetting it against another one. It's not a long term solution to win big, but it seems you can make a few hundred quid risk free using this (if you're in the UK or Europe I guess).

I might give it a go later in the week and report back how I get on!
Appreciate 0
      03-31-2014, 08:37 PM   #9
BenchRacerYo
Second Lieutenant
4

 
BenchRacerYo's Avatar
 
Drives: 2011 M3 DCT
Join Date: Feb 2014
Location: The Desert


Posts: 200
iTrader: (0)

Quote:
Originally Posted by bga23
If it is risk-free than it isn't gambling.
+1
__________________
Appreciate 0
      03-31-2014, 10:56 PM   #10
firstkill
Second Lieutenant
8

 
Drives: e93
Join Date: Dec 2005
Location: Alhambra


Posts: 247
iTrader: (0)

its a ploy to get you to gamble more and usually there is a limit on the amount free they give.

invest 100 and they may give you 150 back in "free bet"

best case scenario, you wager 100, lose the free bet and profit 100 - fees ( at least you keep your 100.

Other scenario, you lose the 100, but win the free bet, 150 minus fees ( they do not let you keep the "free bet". net profit 50 minus fees.

Now you need the discipline to withdrawl the money and close the account. If you make more bets, they are happy to keep their commission.

---------------------------------------------------------------------------------
similar things are offered at casinos and people play 50/50 games to get cash back out of it.

fk
Appreciate 0
      04-09-2014, 02:22 PM   #11
Googlyamnesiac
Captain
United_States
40

 
Googlyamnesiac's Avatar
 
Drives: 330xi
Join Date: May 2009
Location: USA


Posts: 698
iTrader: (3)

Well seems I went against most peoples advice here and gave this a go ... Almost 2 weeks later and i'm currently 304 quid up. I'm pretty pleased with that. I've got a couple more other offers on their site to work though but all in all i'm a happy camper and have some money towards the stereo upgrade I want!

There was no risk either. Took me a while to get my head around this 'matched betting' but even a complete moron could follow their site.

Anyway, thought I would feed this back to you guys in case anyone else had thought about it.

Edit: oh and I think this only works in the UK ... (I still have my accounts open over there so was able to do this)
Appreciate 0
      04-09-2014, 02:40 PM   #12
Eat.Sleep.Race
Out Boosting...
United_States
46

 
Drives: LCI 335i
Join Date: Feb 2014
Location: Northern VA


Posts: 2,657
iTrader: (4)

you ever watch the show money talks on msnbc? Thats what you should do. Seems pretty good if you got the right bookie to work with...

Fly to vegas, blow 4k win another 4k, you pay the casino 150 for placing the bet, and 20 percent to your bookie.
__________________
Appreciate 0
      04-09-2014, 02:45 PM   #13
jlstyle
Major
39

 
jlstyle's Avatar
 
Drives: 1995 Taurus Wagon
Join Date: Jun 2008
Location: nj


Posts: 1,338
iTrader: (0)

Isn't word "gamble" meaning a risk?
__________________
1995 Taurus Wagon
Emerald Green Exterior/Green Interior/4 Speed AT/ABS Brakes/Cassette Player/Dual Airbags/Alloy Wheels/Auto locks/Auto Windows/Sunroof Delete/Chrome model designation
Appreciate 0
      04-09-2014, 05:52 PM   #14
Googlyamnesiac
Captain
United_States
40

 
Googlyamnesiac's Avatar
 
Drives: 330xi
Join Date: May 2009
Location: USA


Posts: 698
iTrader: (3)

Maybe I didn't explain properly after asking the question initially. This isn't a long term solution to making money, you can only do this once per bookmaker. They give you a 50 quid sign up bonus when you deposit 50 quid. Offset this bet with another one using another free signup bonus and no matter what happens you come out with a profit as half of the money wasn't mine.

They only give you this bonus once sadly, still it's great as there's so many bookies online these days there's still plenty more to go at.

I'm not promoting 'gambling' or anything, simply feeding back to my initial post, kind of answering my own question I guess! I guess this thread can be closed with ... yes this does work!
Appreciate 0
      08-08-2014, 12:56 PM   #15
Googlyamnesiac
Captain
United_States
40

 
Googlyamnesiac's Avatar
 
Drives: 330xi
Join Date: May 2009
Location: USA


Posts: 698
iTrader: (3)

Did anyone in the UK give this a try last season. They just emailed me some new offers and it reminded me I started this thread...
Appreciate 0
      08-11-2014, 08:21 AM   #16
Maestro
Captain
103

 
Drives: 2007 335i Sedan
Join Date: Nov 2006
Location: Philadelphia


Posts: 894
iTrader: (0)

Quote:
Originally Posted by MidwestGolfBum View Post
Trust me, if this was "risk free" everybody would have started going this way instead of traditional betting. It's like when friends tell me that I shouldn't be able to lose in blackjack if I count cards. There is no way to make money 100% of the time when betting on things.
Counting cards is also illegal in some places. If they think your counting cards they will ask you to leave. I like how they can use anything they can to gain an advantage over you but you are not allow to count cards. I say if a person can do that in that head they should be allowed to clean out the casino. But government pass laws to make this illegal.
Appreciate 0
      08-11-2014, 10:48 AM   #17
P1et
Brigadier General
102

 
P1et's Avatar
 
Drives: '11 X5 | '11 135i
Join Date: Aug 2007
Location: Texas


Posts: 3,400
iTrader: (1)

Quote:
Originally Posted by bga23 View Post
If it is risk-free than it isn't gambling.
Correct...
Appreciate 0
      08-11-2014, 11:08 AM   #18
Whostheboss
Captain
44

 
Whostheboss's Avatar
 
Drives: a 9incher
Join Date: Aug 2008
Location: Connecticut U.S.


Posts: 787
iTrader: (0)

Quote:
Originally Posted by bga23 View Post
If it is risk-free than it isn't gambling.
Talk about oxymoron!
__________________
WHO'S THE BOSS
Appreciate 0
      08-11-2014, 02:12 PM   #19
MidwestGolfBum
Knower of all Things Useless
North Korea
19

 
MidwestGolfBum's Avatar
 
Drives: Space Grey E92s
Join Date: Jan 2011
Location: No Coast


Posts: 256
iTrader: (0)

Quote:
Originally Posted by Maestro View Post
Counting cards is also illegal in some places. If they think your counting cards they will ask you to leave. I like how they can use anything they can to gain an advantage over you but you are not allow to count cards. I say if a person can do that in that head they should be allowed to clean out the casino. But government pass laws to make this illegal.
Counting cards is very simple. Being able to do it without getting caught and people catching on is what gets a lot of card counters in trouble. You have to be able to know that there is somebody watching you and you need to know that you are going to raise suspicion when you start winning big. So long as you can make it look like you are just doing a little gambling, you aren't going to get picked up.
__________________
Quote:
Originally Posted by MrRetep View Post
I can never have cross dressing fun nothing ever fits!
Appreciate 0
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -5. The time now is 10:12 PM.




m3post
Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST