How to make $200 completely RISK FREE using bonus bets!
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Getting Started
A great way to make fast and easy cash through sports betting is taking advantage of deposit bonuses.
In Australia most bookmakers offer a deposit bonus to incentivize people into punting on their platform.
Since we’re sharp punters we can take advantage of this and turn it into profit!
It’s possible to take home over $2000 dollars in profit from deposit bonuses alone.
I’m not going to cover every single bookmaker here, but the methods that i’ll show you can be used for any bookmaker.
Disclaimer:
Under Australian law, we cannot and do not endorse or encourage anyone to open accounts with any bookmaker. This article is purely educational and hypothetical in nature. It is intended to provide general information only and does not constitute gambling advice, financial advice, or a recommendation to engage in any form of wagering.
Conversion Methods
There is two methods to ensure risk-free profit:
I'll use the method that requires a hedge bookmaker, as it's the technique used by the WagerWise bonus bet converter.
When signing up to Bookmaker 1, you'll be offered a deposit bonus which will allow you to get up to $250 in bonus bets.
This means if you deposit $250, you will receive $250 in bonus bets.
It's best to deposit the full $250, but it's fine if you can't.
What is Retention?
When converting bonuses to cash, the most important figure is retention.
Retention is the percentage of the bonus that we’re going to get as profit. We want to aim for a minimum retention of 75%, ideally no less than 80%.
Otherwise, too much profit is left on the table!
Example:
How It’s Risk-Free
By placing complementary bets (one on "over 11.5" and one on "under 11.5"), we cover all possible outcomes of the game. This is known as hedging.
Placing the Bets
At Bookmaker 1, we place our $250 bonus bet on "over 11.5" at odds of 8.00.
If the game goes over 11.5 runs, the potential winnings are $2,000 ($250 x 8.00).
At Bookmaker 2, we place a bet on "under 11.5" at odds of 1.13.
For every $10 of bonus, we stake $61.95 on the hedge.
Therefore, for the full $250 bonus, we would stake $250 / 10 * $61.95 = $1,548.75.
Breaking Down the Outcomes
If the game goes over 11.5 runs:
- We win $2,000 from Bookmaker 1.
- We lose the $1,548.75 bet at Bookmaker 2.
- Net profit: $2,000 - $1,548.75 = $451.25 (minus any staking costs or commission).
If the game goes under 11.5 runs:
- We lose the $250 bonus bet at Bookmaker 1 (which didn't cost us anything out of pocket).
- We win $1,759.09 from Bookmaker 2 (based on $1,548.75 stake at 1.13 odds).
- Net profit: $1,759.09 - $0 (initial bonus bet cost) = $1,759.09.
- To make it clearer: $1,759.09 (winnings from Bookmaker 2) - $1,548.75 (amount staked on the hedge) = $210.34.
Staking Incrementally
You don't have to stake the entire $250 bonus at once.
You can break it down into smaller bets and hedge each one individually. For example:
This incremental approach allows you to manage your bankroll more effectively and reduce the risk of tying up a large amount of money in one go.
We offer a free calculator to anyone who wants to try and convert bonus bets on their own. Bonus bet calculator
Conclusion
In both scenarios, you end up with a profit, ensuring a risk-free outcome. This method works by effectively covering all possible results, guaranteeing that one of the bets will win and the bonus is converted into cash with a high retention rate.
By using this strategy, you can maximize the value of deposit bonuses and turn them into a reliable source of profit.
WagerWise Bonus Converter
It's easy than ever to convert bonus bets into real money with the WagerWise bonus bet converter. We display hundreds of high retention bets every single day, no matter the time or bookmaker, we have a bet for you Bonus Bet Converter