What is Raid The Bookie?


Raid The Bookie is a FREE service to all site members to help them profit from Bookmaker’s free bets and sign-up offers marketed to attract new customers. Using a technique known as back/lay bet matching or matched betting our members lock in returns between 50 - 100% of the free bet money as real cash. Our free service calculates the math and provides the steps and football match recommendations to maximize your free bet money returns for each Bookmaker's offer.


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How does it work? Here's an example...

Matched Betting Step 1 A Bookmaker offers a free £10 bet to new customers with one condition, you must deposit £10 and place a bet with your deposit money before the Bookmaker will give you your free £10 bet.


Matched Betting Step 2 You register a new account at the Bookmaker, deposit your £10 and bet £10 on Liverpool to WIN at odds 2.05 (decimal). info Placing a bet at the Bookie is the "back" side of the bet; you are "backing" Liverpool to WIN. You register a new account at Betfair Exchange, deposit £20 and LAY £10 on Liverpool to WIN at odds 2.14 (decimal). info Placing a bet as the Bookie is the "lay" side of the bet, you are "laying" Liverpool to WIN which is saying you want them to lose or draw. Betfair Exchange allows you to lay bets. Outcome 1 (Bet Won - Liverpool Wins) You win £10.50 at the Bookie You lose £11.40 at Betfair Exchange (£10.50 - £11.40) = -£0.90 (You lose 90 pence) Outcome 2 (Bet Lost - Liverpool Lose or Draw) You win £10.00 at Betfair Exchange You lose £10.00 at the Bookie (£10 - £10) = £0 (You lose nothing)


Matched Betting Step 3 You have now met the Bookmaker’s free bet condition and you have minimized your losses by covering your bet at Betfair. The Bookmaker now gives you a free £10 bet. Raid The Bookie calculates the math for maximum returns. At the Bookmaker you place your FREE (remember not your money!) £10 bet on Tottenham to WIN at odds 5.0 (decimal). At Betfair Exchange you LAY £8.08 on Tottenham to WIN at odds 5.0 (decimal). Outcome 1 (Bet Won - Tottenham Wins) You win £40 profit at the Bookie You lose £ 32.32 at Betfair Exchange (£40 - £32.32) = £7.68 Profit Outcome 2 (Bet Lost - Tottenham Lose or Draw) You win £8.08 profit at Betfair Exchange You lose £0.00 (nothing) at the Bookie. (£8.08 - £0) = £8.08 Profit


Matched Betting Step 4 So if we apply all of the possible combinations from 2. “The Qualifying Bet” and 3. “The Free Bet” we can see that we made a guaranteed profit irrespective of the football results: (Outcome 1) + (Outcome 1) -£0.90 + £7.68 = £6.78 Profit (Outcome 1) + (Outcome 2) -£0.90 + £8.08 = £7.18 Profit (Outcome 2) + (Outcome 1) £0 + £7.68 = £7.68 Profit (Outcome 2) + (Outcome 2) 0 + £8.08 = £8.08 Profit


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