OK. Being serious here - £2000 over the last 10 weeks
I've made £2000 over the last 10 weeks, and expect to make an extra £200 to £400 a month for the next year, if not longer.

I've been pondering whether to post this, mainly in case I scramble my own golden egg (if you'll pardon the mixed metaphors). But I finally came to the conclusion that the information is out there if you look for it, so I might as well. When I've described it to other people, I've always said that it's not a get rich quick scheme. You can see my numbers above, so I'll let you decide how quick it is!

This is an entirely legitimate, low risk, way to make some extra money, and I'm quite happy to tell anyone who's interested all about it. You do need a some money up front - around about £150 or so is good - but this is purely for working capital requirements (you're not buying something up front or selling things on).

Purely for the sake of berevity, I don't want to go into all the details here (see the linky below). However, the idea is to take advantage of the introductory free-bet offers made by on-line bookmakers. Sounds risky? It isn't - because it uses a concept called matched betting to eliminate the risk while making sure you are able to extract the value of the free bet. It can be slightly complicated though - you need to be comfortable with spreadsheets, and you will need to understand how betting exchanges like Betfair work!

I want to make one point very clear. While it's dealing with bookmakers and betting exchanges - so long as you do it properly and follow the guidelines, this is not gambling (or at least not as it's normally defined).

Apologies if this sounds a bit too much like a sales pitch. There's nothing directly in it for me (although there are ways you can help me out if you decide to do this). I'm certainly not asking you for any money, e.g. you don't have to buy a "system". You just need to have half a brain, some spare time, and some patience while you're learning how to do it! It worked out well for me...

If you're interested, I've put my notes online this evening:

Here's the Linky

EDIT (06/08/08): OK, it's a little more readable now, I've tarted the design up a bit and the font's a bit bigger. If you give up the first time, go back and have another look.

If you've got any questions, then gaz me or comment/mail me via the site.
( Fireflier La la la la, not listening on, Tue 5 Aug 2008, 1:06, 4 replies)

Sounds interesting
and very comprehensive coverage, nice one.

Just out of interest, what would you say your average income per hour invested is?
( Noeli overtheshoulderboulderholderthingstraplatchboobs, Tue 5 Aug 2008, 8:01, closed)

I'd just like to publicly say...

A huge 'Thank you' to Fireflier.

He advised me of this method a few weeks ago and I am within a gnat's testicle of embarking on it myself.

Fireflier's advice has been absolutely invaluable; and on many occasions he has gone out of his way (totally free of charge) to carefully explain the do's & don'ts in a way that even a total pleb like me could understand.

This man is a testament to the kindness of B3tans - he could have kept his knowledge to himself but chose to share and guide above and beyond.

I have done the maths of this and can wholeheartedly say that matched betting works when the correct procedures are followed (and when you are careful). In my case, It just takes a bit of balls to make the first jump and that is something I will do very soon (already signeed up with Betfair etc).

To reiterate Fireflier's point - you will NOT be vrooming away in your Veyron after a week. Keep your feet on the ground, be realistic and it can be an excellent way of earning a bit of extra income on the side.

Once again, cheers to Fireflier. No doubt I'll be gazzing you soon when I need further advice!
( Pooflake braces for an onslaught..., Tue 5 Aug 2008, 8:26, closed)

My Flatmate
Has been living off this for the past couple of years.


(And a bit of poker too.)
(Shippy likes linebreaks and doesn't care what you think, Tue 5 Aug 2008, 8:34, closed)

£ per hour
I'm probably a bad example for that - largely because I quite enjoy the enalytical element of this, and spend quite a lot of time shuffling numbers and looking for new opportunities.

Let's be conservative, and taking into account a bump of research time at the start, say an average of 15 hours a week. Over the 10 week period then, that's roughly £13/hour.

But... If you want to see something impressive, have a look at this. This chap (donglemouse) posts a diary of his results, and to date in just under 3 years he's made a total of £39,263. He says he spends about 2-3 hours a day doing this, while working FT as an accountant. You probably won't make this much, but it's a nice little earner.

Oh, by the way - I forgot to mention that it's tax free! Since gambling tax was abolished a few years back, you have no liability on these earnings, so no need to worry about hiding this from Mr. Taxman. What that means is that for a basic rate taxpayer, every £100 you make is the equivalent of £125 earned normally, (or £166 or a higher rate).
( Fireflier La la la la, not listening on, Tue 5 Aug 2008, 10:56, closed)