Free Money – No Catch! (Plus Guest Writer)

As we become increasingly cynical and resistant to the ever-growing threat of scam artists, dear reader, I have great delight (and no little wryness of smile) as I present to you today a means of truly generating (a bit of) free money. Not only that, but I've also got a guest article from a young jockey who has a 100% win strike rate this year, and is a Racing Post Writer of the Month!

First, let's start with some free sterling.

Now as you might imagine, I receive a LOT of requests to promote products, review products and generally mention other people's products. As such, it takes quite a lot of my time to sift through them and try to bring you items of interest that I'm (as) confident (as I can be) are top quality and con-free.

One of many who have perpetually pestered me is a mob called ucantlose.co.uk. In fact, these guys first contacted me way back in Summer last year, and I kept promising to take a closer look and failing to do that (sorry chaps).

Well, I finally got to their site this weekend and read a freebie report they had called 'Matched Betting Guide'. In it, there were step-by-step tutorials on how to make free money (I know, I know), and I thought that might be of interest. But first, I wanted to test out what they were saying to make sure it wasn't the usual 'here's the catch' BS.

So... I recorded a video of me doing it last night. No, not 'doing it' (honestly, that really might be scraping the barrel). Rather, going through the process of generating a totally risk-free return on my investment. And here it is. [Usual warnings about production values apply, but look how simple it was - took me about ten minutes all done, and that was whilst talking to camera... and please ignore the Horse Racing Experts image bottom left, which relates to the account I used to put this online.]

There are another two examples in the report, which I've yet to try, but I might give one a whirl tonight if I get time. To get your copy of 'how to make free money', just click the link below, and the report should open up in a new window. It's a PDF file so you'll need Adobe Reader to open it. This is free, and you can download it here.

>> CLICK HERE TO DOWNLOAD THE 'GET FREE MONEY' MANUAL <<

To access the brilliantly simple calculator that works out what to stake where to cover the bet and lock in your profit, click the link below and register on the ucantlose page (left hand side). They'll give you bags of goodies, but - most importantly - you'll get to the calculator.

>> CLICK HERE TO ACCESS THE STAKING CALCULATOR <<

What ucantlose actually offer as a service (and this is not free, though there is a trial) is arbitrage opportunities. Arbitrage, or arbing as it's known, is the identification and exploitation of overlapping bookmaker prices.

In the simplest example, a coin toss has the following odds: evens it's heads, and evens it's tails. If you bet both for the same amount, whilst not winning, you wouldn't lose either.

But what if, by shopping around, you found one book that thought tails was unlikely to win and went 5/4, and another book that took the same view on heads. If you put, say, twenty pounds on each at 5/4, you'd return £45 for a £40 stake, irrespective of the result.

Very often, bookies don't agree with each other, especially on tennis and golf, as well as snooker, football and so on. So there are lots of opportunities to 'nick' some risk-free cash. I'll let the guys at ucantlose go into more detail, as it's their thing.

If you want to know more, sign up at their website here:

Tell me more about arbing!

(Like I say, they're giving loads of goodness away - including that calculator, plus six monthly editions of a gambling magazine posted to your door - just for registering).

********

Moving on and, as promised, I've got an article from a young man who is starting to make a name for himself, both on the track and in the press room, as a rider of winners and a writer of growing stature. Step forward Ross Birkett. As I said, Ross has a 100% win strike rate this season, with one winner from one ride, on the amazing Bavarica - who obliged last Friday at a tasty 10/1. [OK, so it's not a bankable stat, but one from one is great going!]

He entered the Racing Post young writer of the month competition in its first month, and won it. Since then, he's entered each month, and Steve Dennis - one of the senior RP writers and judge of the competition - has acknowledged that Ross would win it most months, if he was allowed to award the prize to a previous winner.

Ross is coming to the end of his final year at journalism college down in Brighton, and is keen to get experience. To that end, he'll be working at the Racing Post for a week next week (I think), so I've bagged him for a short editorial piece before he heads off there. It's my hope that Ross will continue to write the occasional piece for Geegeez on the goings on down Newmarket way, even after he's found fame and fortune at the end of a rein or a keyboard!

Your first 30 days for just £1

So after that meandering intro, here's Ross' article on the 'joys' of race horse ownership (as Geegeez Racing Club members know!):

It’s not that easy to win a race.

There’s say, on average, 14 races every day of the year. Therefore, 14 winners are produced each day. But how many losers? There could be as many as 200 horses leaving the races empty handed.

Just think, the connections of 200 equines are leaving any given racecourse in Great Britain disappointed. With syndicates now in vogue, we’re talking about up to 1000 people not tasting the sweet nectar that is victory. And don’t even mention the millions who’ve backed the horses.

But why is it so hard to win with a horse?

The questions that arise from the simple idea of owning a thoroughbred are endless. From the start, which horse do you buy? Do you go for breeding, the best looker, or maybe one that has caught your eye down the field and is going to the sales?

Whatever your method, who’s to say you’re right or wrong?

Group winners have been bought for pennies after no-one wanted them at public auction, whilst millions have been paid for regally bred individuals who can’t even catch a cold on the gallops.

Then there’s the trainer - the best come at a price, the worst are cheap for a reason. The ones in the middle ground are who you want. They’re the men and women who pump in the winners regularly, each largely as good as the next. Take your pick, most any will do. At the end of the day, training racehorses is just about getting them fit.

Or is it?

Which race to run in? What distance? Which jockey? Jeez, there’s a lot of questions involved in this ownership malarky, not forgetting the finer details like choosing the colours of your silks.

That’s if you even get to the racecourse in the first place.

Horses are not robots - they break.

Some just aren’t up to racing and their bodies can’t stand the training. These are elite athletes, honed to the minute but, just like us, some are frustratingly liable to the sickbed (ref. Kieron Dyer, or any number of Spurs centre-backs).

Finally, if all has gone to plan, your horse is entered to run, you’ve finally made it. But wait! The horsebox has broken down on the way to the races, there’s no way it’s cargo will reach the course in time. Many a gamble has gone astray at this late stage in proceedings.

So actually, having your very own racehorse grace a track is an achievement in itself, it’s almost like you’ve had a winner already.

But remember, there’s only 14 winners a day, chances are yours will be one of the 200 left down the field.

You would think a winner might bring to a halt the infinite list of unsolvable mysteries bouncing around your head. You’ve cracked the game now, haven’t you? No, even the victors have more questions. What rating is the handicapper going to give us now?

That's all for today.

Matt

p.s. Do take a look at ucantlose's offer, which I think is a very good one if making risk-free money - as opposed to betting - appeals. You'll find them here.

29 replies
  1. Clive says:

    Hi Matt
    I am very grateful to you for your website which has steered me clear of scams.

    Betting Sniper thinks it’s top notch but the reviews appear to have been written by those with a vested interest. I wondered if you have any knowledge and opinion of the system?

    Regards

    Clive

  2. Matt Bisogno says:

    There isn’t a single ‘straight’ review of Betting Sniper on the first two pages of Google which, in my opinion, says a lot.

    I can’t say it’s a bad product, as I haven’t seen it. Alas, I won’t get a chance to look at it either, I’m afraid.

    Proceed with caution is the best I can suggest.

    Matt

  3. Clive says:

    Cheers Matt

    I am so disenchanted with the systems machine radiating around Citi Bank that I think I’ll leave it. The reviews appear to be copies of a master article put out to sell the system.

    Thanks again

    Regards

    Clive

    • Matt Bisogno says:

      Almost without exception, that’s exactly what they are Clive.

      Marketers do what’s called ‘article spinning’. This means they write (or, more likely, have written for them) a master article. Then someone else changes some words in each sentence to make it look ‘unique’ – note this is for Google’s mechanical search robots, not humans. Then the articles are submitted to various article directories, such as:

      – youtube
      – slideboom
      – digg
      – articlesbase
      – jumptags
      – docstocs
      – ezinearticles
      – propeller

      I’m surprised the last two are not on the first two pages of google, and I’m sure I could get a page 1 ranking simply by placing an article in either of those sites.

      Put simply, reviews from those places cannot be trusted. Period.

      Matt

  4. Dave says:

    Hi Matt
    I did give these chaps a try, and didn’t progress with it. Here’s why:
    1. You need to put up an enormous amount of money in order to make your profit. That would possibly be OK if this really IS totally risk-free BUT
    2. You have to put at least two bets down and obviously these don’t go through at the same time. Because many of the bets are obscure the prices can fluctuate rapidly. This is especially so the larger the ucantlose client base becomes. It is therefore obvious that by the time your first bet is up the price of your second bet will have turned against you. Clearly you have to place the ‘rogue’ bet first but you are really up against a time restriction and you just don’t get the time to look into that.
    3. Many of the bookmakers themselves are obscure from around the world. I have accounts with more than 20 bookies and I was constantly receiving alerts about bookies I’d never heard of, most of whom require you to upload your credit card and passport details.
    4. The results provided by ucantlose are THEIR results. This means their software has found the discrepancy and recorded it as a win but of course the fact is very different because you simply won’t be able to get on with most of the bets.

    All this is really not worth the hassle to me

    • Matt Bisogno says:

      Hi Dave

      That’s a great commentary, thanks.

      I would say that the following common sense principles apply:

      1. NEVER stake more than you’re comfortable with, and start small. As it’s risk-free (with the exception of getting matched in two places), your capital will accumulate quickly enough.
      2. There is always the option of arbing with Betfair, which still happens quite frequently (remember to factor in the 5%)
      3. NEVER pass credit card / passport details to companies you don’t know or trust.
      4. Your last observation may be valid, up to a point. But unless you’ve not been able to get on personally (and on a regular basis, not everyone will get every arb), then that’s somewhat conjecture.

      Just my thoughts, Dave. In summary, of course one needs to be careful (even when signing up for free bets, it’s important to check the terms and conditions associated with them), and I think it’s reasonable that we won’t get on in all cases, too. As long as we can get on in many or most.

      Best,
      Matt

  5. Jack says:

    I agree with Dave.
    I looked into this site some time ago and considered it too much hassle for too little gain. The average arb is 1- 2% return which means you have to stake £1000 to win a tenner plus uou carry the risk of not getting your bets matched.
    Nice idea if you had the software/resources to discover the arbs yourself.

    • Matt Bisogno says:

      Fair enough Jack. This is not for punters. Rather, it’s for traders and people who acknowledge that a 1-2% trade per day compounded amounts to a goodly sum per annum. But, like I say, it’s not for everyone.

      Matt

  6. Leo says:

    Hi Matt,
    Last year i tried Ucantlose. They are very good
    but unless you are using software most of the arbs
    are gone.
    Regards,
    Leo.

  7. Arthur says:

    Hi Matt,

    I have looked at the ucantlose website, I have dabbled a little with trading, can you recommend any software that would either find arbs, or alternativly do the trades whereby you could catch most.

    Many thanks in advance

    Arthur

    • Matt Bisogno says:

      Hi Arthur

      I’m afraid not. Any arbing I’ve done has been manual, though I can see the obvious benefit of an automated tool. Perhaps another reader knows of a good bit of software?

      Matt

  8. Peter Colledge says:

    Dear Matt,
    Very interesting video, which my wife may be interested in. Last year she made over 2k on introductory bingo offers. We are quite lucky in that we have several alternative addresses (all quite legal) on our little island, and as long as ‘Colledge’ and Isle of Barra’ occur, we are OK! Thanks, Matt

  9. Rob says:

    Good article Matt!

    I have not used ucantlose and alot of the comments for arbing are good ones but taking advantage of the free bets to arb can be a great opportunity to make some money.

    There isn’t a better time to do this then at Cheltenham. The bookies can offer some really great free bets for signing up over the festival period, upto £200 free bet and thats with mainstream bookies such as paddypower and william hill.

    You always have to be careful to read the full terms and conditions (most only allow single bets that are evens and above) but its possible to make a good £200+ profit over this period and give yourself a nice betting bank for the festival.

    Even though I have already signed up with the majority of bookmakers I will be doing the free bet arbs this year with a couple of friends. As well as the profit from the free bet arbs and I can get referral money from setting up the new accounts!

    • Matt Bisogno says:

      Nice work Rob!

      I agree that if you’ve only got one or two online accounts, it’s possible to generate a few hundred pounds in a day doing this, albeit that you’ll need to be able to tie up the deposit funds in the account for the duration of your bet.

      It’s great to hear of someone who’s actually doing this regularly. Free money? From the bookies? Whatever next?!

      Matt

  10. Anthony says:

    Last winter I made about £300 by using free money from bookies offers. Make your money and withdraw,put my profits in an ISA!

    There seems to be new bookie start ups all the time but you can normally only do this once with one bookie! But if you can involve the partner or mates as well make more money!

    I have also tried Ucantlose .Its not for me.

  11. DrDreier says:

    I have not been able to get to calculator… I have signed up to the newsletter, but nothing happens!

    • Matt Bisogno says:

      Hi Bjarne

      You need to confirm your subscription, then they send you an email with a link to their ‘matched betting page’. In that page, the link is there. If you can’t find it, email them and explain the situation and they’ll send you the direct link.

      Best,
      Matt

  12. Tel says:

    I agree wholeheartedly with Dave plus it takes an lot of time to find your own arbs as most of ucantlose arbs are with bookies I wouldn’t trust with my money.
    But the biggest problem is that the bookies VERY quickly twig what you are doing and restrict your bets to peanuts (pence sometimes).
    This then presents a problem when you actually want to place a decent size genuine bet and you can’t get it on.

  13. Steve the Aussie says:

    The sign up bonus/arb will work though as some of you say it requires a fair bit of capital and handing over information. I wouldn’t get too excited abou arbing though, I gave up work 4 years ago to do it full time and while it worked ok for a while didn’t reach any dizzy heights. As well as the price going the main issue was with the bookies themselves. As soon as you have a couple of wins they dramatically reduce your max bet which in turn really erodes your profits. I was 2 grand down with SkyBet and they made my max bet 1 quid becasue I was an arber, like being labelled a card counter. The other big learning experience is tennis where you have to be careful of the injury rule. You can lose on the loser and only get your money back on the winner (a 300 quid learning experience for me!). It can go the other way too.
    Keep up the good work Matt and everyone else.
    Steve the Aussie

  14. ALAN says:

    Hey Matt,

    Similiar to Leo above, I was even getting the arbs texted to my mobile. I was getting home within 15 mins of receiving the text only to find the prices had changed. You need to be sitting in front of your computer all day ideally, ready to go. Also a lot of the arb bookies are in continental Europe are and sometimes they can be difficult to log into or get in touch with. I would say tread carefully with this one. Regards Alan

  15. Simon says:

    What intrigued me most about the video was that Matt had been Googling “calories in a can of guin…” according to his search bar.

    Presumably that’s Guinness. Watching your weight Matt?

    Your public demands to know!

  16. highlander says:

    hi,matt just going to get involved in lay betting,do you have a wee bit of advice for me please .regards the highlander.

  17. Matt Bisogno says:

    Hi Simon

    Yes, actually, I was!

    And, interestingly, a pint of bitter has 182 calories; a pint of Stella contains a whopping 221 calories.

    Compare those if you will with the much-maligned ‘heavy’ Guinness, that weighs in with a diet-friendly 170 calories per pint.

    Line ’em up again barman, I’ve got room for more now!

    Matt

  18. Kris says:

    G’day Matt,
    how are they hangin’?
    Love the site, it’s very popular down here in Oz, and I learn more here in 30 minutes, than I would on Google in 30 days….
    I would have to agree with my compatriot Steve above, that arb-trading is actually NOT 100% risk-free. You might think that a tennis match can only have two out-comes, a winner and a loser. Not so!! Some book-makers say, in small-print of course, that if a player retires due to injury, then you have done your dough!! Believe it or not, but this happens more often than you might think. In actual fact, you could easily lose both bets, and with arb-trading being what it is, big out-lays for small returns, you might well need to get the next 100 arbs (depending on your stake, this number might even be higher) going your way, just to break even!!
    Again, all that glistens is not necessarily SOLD……
    On behalf of every punter out there, please keep up the fine work Matt, as your site is read all around the globe!!
    Cheers muchly,
    Kris

  19. maneman says:

    Arbitraging is old hat now and requires alot of work and hassle for too little returns in my view. Anyone out there making good money at it, well, good luck to you! But ucantlose and the like are not for me and Dave highlighted the obvious shortcomings.
    This site Matt is very good, helpful and interesting wish I’d found you sooner.

  20. Andrew says:

    Hi Matt. If it’s the matched betting I’ve been doing then there is a forum of people to help you on moneysavingexpert.com. If you go to gambling introductory loopholes then it’s all in there. You know need much to start. £50 and it’s pretty easy to build your bank. I’ve made about 2 grand the last couple of years. Pittance compared to some of the other people in the forum.

  21. jon says:

    hello matt hope your well i tried to tell you something similar to this on our newmarket weekend but think the amounts of alcahol we drank it didnt sink in lol always check the bookmakers terms and conditions when taking the free bets

    Jon

    • Matt Bisogno says:

      Haha, sorry Jon. Me, alcohol and memory are not a very successful menage a trois, alas.

      Absolutely right about Ts and Cs, which is why I made a point of mentioning it in my extremely professional video… 😉

      Matt

  22. Matt Bisogno says:

    By the way, a quick word of thanks to our Oz cousins for their kind words and continued support… THANKS!

    🙂

    Matt

Comments are closed.