Well as long as you've made enough to buy yourself a commode then you've got something to show for it...
Originally Posted by s0095063
Actually the offers have been a bit thin on the ground in the last few months. I think that new account offers are still at least as good (many are a lot better) than they were when I started off but some of the existing customer offers have declined.
Coral used to throw fivers or tenners at you most weekends as though they were going out of fashion, Betdirect's Magnificent 7 offer was great money for a while and Ascot, Cheltenham etc were pretty poor compared to the year before.
2.5k is still a pretty tidy profit to show. When I started I had no idea how much I would make/could be achieved. I though I'd be happy with £100. When I made £200 I was over the moon.
It took me 5-6mths to make £1000 then I had enough money to take on several offers at once, which also coincided with the big horse meets in the Summer so profits suddenly jumped. There was a bit of a lull before Soccer started but lots of bookies gave out freebies at the start of the soccer season to lure you back in. Dutching is handy, but I've made most of my profit by standard backing/laying and pretty few arbs. Learning the horses is defintely a good idea though.
I've also got a fair amount of profit from financial spread betting offers too which can net you several hundered at least.
I've been doing this just under 5 months and have just over £5100 (includes casino/games though) so that averages at over £1000 a month so far. However, that may slow down as I run out of offers. Also, I'm a bit intimidated by the large WRs on the US books and don't like to take a lesser bonus than the maximum as that feels like a waste.
I've been going at this pretty heavily though so I guess it also depends how much time you have to spare.
Funny, I was doubting I'd make £1k this month and then along comes unexpected bonuses from Intertops, PB/GB totalling about £350 meaning I'm over target!
A variation on the theme is dutching and middling US focused sites, kid has set up a thread this week aiming to show how its done. I have tried to explain it before but he is doing it "live" with actual bets not just examples.
My point about you need money to make money holds true, his initial deposits amount to $1400 and he has reloaded again to keep going, but its not enormous figures either its certainly possible after a couple of months reinvesting winnings.
He will probably end the week nearer +$1k than the $350 target.
This sort of thing is one of my main sources of $s, im not as good as he is though. There is only so much time in the day and there are more offers and bets than you actually have time for i find. I know of some people who make £s from real arbs (and some shop coupon arbs) and make a tidy sum from it. I dont do much of that not because it is not profitable, just because there really is only so much time available. But you do have to actually do it, they wont always come to you, hunt about a bit, devote a lot of time and energy to it, and you will be amazed at what is possible.
Have a plan and stick to it
I have made a consistent 800 - 1000 a month over 4 months (had an insane december bout £1200!) and haven't done all that many offers yet, the trick is maximising every offer you do.
I'm approaching my thrid anniversary of playing this game and 08 was comfortably my best year by some way which just over 12k profit for the year (I am anal enough to keep a detailed s/s with profit/loss from every offer I do). Year 1 was just under 6k and year 2 just under 9k so clear year on year growth.
Should be noted that I do this for myself and O/H so anything that is p/f is exploited from that angle.
I'll admit it is my main hobbey, although truth be told actual time doing offers probably works out at less than 5 hours a week (far more time procastinating and pissing about on forums).
Over the years I've done spreadbetting, casinos, games and sportsbooks although its the latter where the most consistent money comes in I've found.
I made the aim after doing this for about six months to try and get at least £100 p/w and there have been few weeks where this hasn't drifted in.
My list of signups is not yet exhausted: the only US books I've ever been in at BetOT and Cris (which are the most euro facing) - I've not even got around to doing Pinny yet!! So there's plenty more to go at yet even ignoring existing customer offers/reloads.
I find a weeks profit usually drifts in from a mix of exisiting customer accounts and the odd new signup. I rarely find I have to work too hard to get my £100 and most weeks I go clattering over.
I've always worked on the basis that it could end or dry up at any minute and so not to count on the cash - but year on year things seem to have improved rather then worsen (also in 08 I did very few casino offers compared to 06 and 07 as they dried up on a time to worthwhile factor with ever increasing w/r's and banning of low house edge games).
I'm not expecting 09 to be as good a year - no big footie tournament this summer which was a big source of 08's profits (made nearly 3k in June from the Euro 08 and related offers) - and of course the downturn/credit crunch starting to bite.
But then again I was expecting January to be sparse after the largesse of the Xmas offers, but then Party/GB popped up with their reload and I'm already way over the weekly total and its the 1st week of Jan.
You know i was thinking this exact same thing over Xmas, and i came to the opinion that i think bookies will ramp up the bonuses in order to catch the mug punters hoping for that big win to pay off there credit card bill.
Originally Posted by dreamylittledream
Or being pessimistic could see some bookies go bust as well. So its a time to be careful with some bookies.
Originally Posted by mbynwa
I think £400 a month is definitely feasible - especially with new account offers.
I have been doing MBing for 6 weeks now and have made £750 - mainly from new account offers with a couple of relaods. So far I have been betting solely on the footie. I have about £1400 in bookies accounts now - some of it my own money which I have put in - I have found that the key thing to being able to make a decent amount is having the capital to be able to have a handful of offers on the go at any one time. In the early days I was constantly getting stuck with money in transit for a few days so that I couldn't place any bets.
The answer is this question depends on so many things:
1) Float - if you start with £1000 you could make £400 a month straight away, if you start with £100 it will take longer to get going. This also connects with 3)
2) time invested - some people do a couple of hours a week, some a couple of hours a day, some never leave the computer
3) length of time involved - the longer you have been at this game, the larger your float is likely to be, so you can do more offers at once and also move on to the US books. Also, the longer you have been doing it, the more bookies you are a memeber of and the more reloads you will get per month.
Personally, I started with about £500 2 years ago. In about the first 6 months I made about £5500 profit from casino/bookie bonuses. Then I got a little bit fed up and I felt the offers were drying up, so I left it for 3 months.
What got me back into it was a £7 bwin birthday bonus in October I dived back in and made another £1000 before the end of the year.
Then in Jan 08 I set myself a goal of £400 per month. Now, I spend a fair amount of time on it, something like 2 hours a day, though often that is spent posting on the boards. But in the end I averaged well over £1k per month last year.
So it all depends on how much money and time you have to invest really.
kthxbai has just summed that up perfectly, i couldnt agree with that more?
Have a plan and stick to it