Best Blackhat Forum

[quote='saz' pid='1045201' dateline='1418641868']
I don't have the course so can't tell exactly what's in it but in a nutshell most of these system rely on bonuses given by bookies to get you to sign up and deposit some money.

the way it works is you use the bookies bonus to back a selection and then lay the same selection on the exchange making a sure profit less the exchange commission.

for example if the bonus was $100 and you backed a selection @2and then lay the same selection on the exchange @2 you are guaranteed a profit

example

if your selection wins @2 you collect $200 and pay $100 on the lay side = +$100
if your selection lose you lose your back bet (the bonus given by the bookie)
and win the lay bet ie collect $100 -%5 commission =100-5 =+$95

some offers are pretty straight forward such as a free bet others require you to spend your initial deposit a number of times before being eligible for the bonus so read the small print/bookie rules before committing a deposit

hope that helps
cheers
[/quote]You've got that first part wrong.

If your selection wins @2, then you win £200 and you lose £200 on the exchanges, not £100 as you suggest.

Hope to get
a new adrenayline on this...

[quote='philoakey' pid='1045543' dateline='1418659872']
[quote='saz' pid='1045201' dateline='1418641868']
I don't have the course so can't tell exactly what's in it but in a nutshell most of these system rely on bonuses given by bookies to get you to sign up and deposit some money.

the way it works is you use the bookies bonus to back a selection and then lay the same selection on the exchange making a sure profit less the exchange commission.

for example if the bonus was $100 and you backed a selection @2and then lay the same selection on the exchange @2 you are guaranteed a profit

example

if your selection wins @2 you collect $200 and pay $100 on the lay side = +$100
if your selection lose you lose your back bet (the bonus given by the bookie)
and win the lay bet ie collect $100 -%5 commission =100-5 =+$95

some offers are pretty straight forward such as a free bet others require you to spend your initial deposit a number of times before being eligible for the bonus so read the small print/bookie rules before committing a deposit

hope that helps
cheers
[/quote]You've got that first part wrong.

If your selection wins @2, then you win £200 and you lose £200 on the exchanges, not £100 as you suggest.
[/quote]You're forgetting that the back bet is free$100 bet so no i didn't get it wrong

[quote='saz' pid='1046654' dateline='1418728502']
[quote='philoakey' pid='1045543' dateline='1418659872']
[quote='saz' pid='1045201' dateline='1418641868']
I don't have the course so can't tell exactly what's in it but in a nutshell most of these system rely on bonuses given by bookies to get you to sign up and deposit some money.

the way it works is you use the bookies bonus to back a selection and then lay the same selection on the exchange making a sure profit less the exchange commission.

for example if the bonus was $100 and you backed a selection @2and then lay the same selection on the exchange @2 you are guaranteed a profit

example

if your selection wins @2 you collect $200 and pay $100 on the lay side = +$100
if your selection lose you lose your back bet (the bonus given by the bookie)
and win the lay bet ie collect $100 -%5 commission =100-5 =+$95

some offers are pretty straight forward such as a free bet others require you to spend your initial deposit a number of times before being eligible for the bonus so read the small print/bookie rules before committing a deposit

hope that helps
cheers
[/quote]You've got that first part wrong.

If your selection wins @2, then you win £200 and you lose £200 on the exchanges, not £100 as you suggest.
[/quote]You're forgetting that the back bet is free$100 bet so no i didn't get it wrong
[/quote]so if we collected $200 on the back bet and lay $100 0n the exchange our liability is only -$100 there for 200-100=+$100
and the same goes if we lose the bet with the bookie $0 from the bookie +$100 from the lay bet less commission %5 and we are left with $95 profit

cheers

Yes you are correct, I realize now you were talking about the free bet after you had already wagered your original deposit.