New Betting Loophole – Quick & Easy Money With Profit Squad

mightyspur

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Nice mate! Looks like a fairly steady income on the Casino stuff. What is it involving and how long you spending on it?
Here is a copy of the sheet I keep for my records, so you can get an idea. Mostly low risk stuff, which a few higher risk offers thrown in

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Usually do around 30 offers or so a day across multiple accounts as a few friends and family have given me their details and I have signed them up and in return I give them 10% of any profit at absolutely no risk to them as they don't put in any money themselves. Takes me circa 2hrs a night to do all the offers. I could do loads more, but try to limit my time on them otherwise it could become a massive chore. Helps that I kind of enjoy it though!
 

Real_madyidd

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Here is a copy of the sheet I keep for my records, so you can get an idea. Mostly low risk stuff, which a few higher risk offers thrown in

View attachment 53593

Usually do around 30 offers or so a day across multiple accounts as a few friends and family have given me their details and I have signed them up and in return I give them 10% of any profit at absolutely no risk to them as they don't put in any money themselves. Takes me circa 2hrs a night to do all the offers. I could do loads more, but try to limit my time on them otherwise it could become a massive chore. Helps that I kind of enjoy it though!

One of my friends does this and has given up work to do it full time. He doesn't like the idea that he is actually committing fraud (obtaining funds by deception) and he says things like "they actually want people to win" and "nobody has ever been prosecuted for it". Just beware, when they start to crack down on it your knackers are on the line.
 

Rob

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One of my friends does this and has given up work to do it full time. He doesn't like the idea that he is actually committing fraud (obtaining funds by deception) and he says things like "they actually want people to win" and "nobody has ever been prosecuted for it". Just beware, when they start to crack down on it your knackers are on the line.
Having 1 account isn't dodgy in the least. You're just being extra choosy over which offers you do. There's nothing more to it than that.

I'm still dubious about whether "running" accounts for your friends is fraud or not. I've avoided it completely as I have similar doubts to you and wouldn't want to risk it.
 

mightyspur

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One of my friends does this and has given up work to do it full time. He doesn't like the idea that he is actually committing fraud (obtaining funds by deception) and he says things like "they actually want people to win" and "nobody has ever been prosecuted for it". Just beware, when they start to crack down on it your knackers are on the line.
It's certainly a risk, but one I am happy enough to take. All of my friends accounts who I run on their behalf give me access to a brand new bank account, which is completely separate from their main accounts at a different bank.

A bookie will almost definitely just close their account and any they believe to be associated. For example, I know someone that had 9 william hill accounts and they closed them all as they suspected they were linked somehow, but it went no further than that. They even returned the funds.

The biggest risk is for me, because ultimately if my "friend" decided to log into the bank account and withdraw all the funds I would have absolutely no claim to the money, but I mitigate that by moving any large withdrawals into my account almost immediately.
 

jackson

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Here is a copy of the sheet I keep for my records, so you can get an idea. Mostly low risk stuff, which a few higher risk offers thrown in

Usually do around 30 offers or so a day across multiple accounts as a few friends and family have given me their details and I have signed them up and in return I give them 10% of any profit at absolutely no risk to them as they don't put in any money themselves. Takes me circa 2hrs a night to do all the offers. I could do loads more, but try to limit my time on them otherwise it could become a massive chore. Helps that I kind of enjoy it though!
Thanks for that, I did jump on this originally when it first came around but found I wasn't committing the time to it. May give it a second look with a another mouth to feed... Did you still use Profit Squad or find you don't need to?
 

mightyspur

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Thanks for that, I did jump on this originally when it first came around but found I wasn't committing the time to it. May give it a second look with a another mouth to feed... Did you still use Profit Squad or find you don't need to?
You really have to commit the time to it. The more offers you do the better your EV and consequently profits.

Yeah, still use PS as I like their Discord chat. Lots of support and motivation, plus offers posted I'd probably miss. The annual membership is peanuts compared to the profit I've made.
 

UncleBuck

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You really have to commit the time to it. The more offers you do the better your EV and consequently profits.

Yeah, still use PS as I like their Discord chat. Lots of support and motivation, plus offers posted I'd probably miss. The annual membership is peanuts compared to the profit I've made.
Some serious profit there, amazing! I’m presuming though that because you’ve got a few accounts that’s why your profits are so high? From an individual perspective if I was just going to do this myself with one or two bookie accounts the profits would be significantly less?
Also how much do you have to put down as a bet as I’ve read through the thread but can’t see any reference.
Sorry for the questions but I’ve never been too sharp with gambling!
 

mightyspur

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Some serious profit there, amazing! I’m presuming though that because you’ve got a few accounts that’s why your profits are so high? From an individual perspective if I was just going to do this myself with one or two bookie accounts the profits would be significantly less?
Also how much do you have to put down as a bet as I’ve read through the thread but can’t see any reference.
Sorry for the questions but I’ve never been too sharp with gambling!
Friends / multi accounting definitely helps my profits as I can repeat the same offer multiple times and the key to doing well is all about the volume of offers, particularly on the lower risk offers where the EV tends to be anything from 50p - £3.50 per offer. I usually aim for around £75 - £100 a day EV, so would expect to be making £1500 - £3000 a month. That would be difficult with only a single set of accounts just doing low risk casino.

Having said that, I know that @Rob only has a single set of accounts, but he does pretty much only advanced casino offers so each offer he does has significantly higher EV for each one (£10 - £30), but the variance is higher, i.e. he will be risking more losses and could go on long losing runs, but he's blown my total profits out of the water.

I know some people that clear over £1k a month just on sports betting offers, but that is a lot more effort so I tend to focus on Casino and just do the odd sports bet.

In terms on what you bet, it is entirely whatever you are comfortable with. On Casino I do pretty much all of the lower risk ones with £1 stakes for my cash and then min £1 for the bonus, or 10%. For any ACOs I do, I will be going with minimum of £2 stake, but usually £4 - £5.

I'd suggest joining PS and going through the training.
 

nicdic

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Would be semi keen in getting back on this to get some extra cash, but concerned about the time commitment needed.
 

mightyspur

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Would be semi keen in getting back on this to get some extra cash, but concerned about the time commitment needed.
The more time you put into it, the more money you can get out of it. If you don't want to do it very often you could easily go through a few sports bets at the weekend and make yourself a couple of hundred quid a month. Low risk casino can be done in about 30 mins if you just stick to a few. Downside to doing only a few casino offers of course is it could take longer to recover any losses you incur as it's all about volume to build your EV
 

UncleBuck

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Friends / multi accounting definitely helps my profits as I can repeat the same offer multiple times and the key to doing well is all about the volume of offers, particularly on the lower risk offers where the EV tends to be anything from 50p - £3.50 per offer. I usually aim for around £75 - £100 a day EV, so would expect to be making £1500 - £3000 a month. That would be difficult with only a single set of accounts just doing low risk casino.

Having said that, I know that @Rob only has a single set of accounts, but he does pretty much only advanced casino offers so each offer he does has significantly higher EV for each one (£10 - £30), but the variance is higher, i.e. he will be risking more losses and could go on long losing runs, but he's blown my total profits out of the water.

I know some people that clear over £1k a month just on sports betting offers, but that is a lot more effort so I tend to focus on Casino and just do the odd sports bet.

In terms on what you bet, it is entirely whatever you are comfortable with. On Casino I do pretty much all of the lower risk ones with £1 stakes for my cash and then min £1 for the bonus, or 10%. For any ACOs I do, I will be going with minimum of £2 stake, but usually £4 - £5.

I'd suggest joining PS and going through the training.
Thanks for this, really appreciate the response, looks like I’ve got a fair bit of swatting up to do!
 

ziggy

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Dec 23, 2003
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Friends / multi accounting definitely helps my profits as I can repeat the same offer multiple times and the key to doing well is all about the volume of offers, particularly on the lower risk offers where the EV tends to be anything from 50p - £3.50 per offer. I usually aim for around £75 - £100 a day EV, so would expect to be making £1500 - £3000 a month. That would be difficult with only a single set of accounts just doing low risk casino.

Having said that, I know that @Rob only has a single set of accounts, but he does pretty much only advanced casino offers so each offer he does has significantly higher EV for each one (£10 - £30), but the variance is higher, i.e. he will be risking more losses and could go on long losing runs, but he's blown my total profits out of the water.

I know some people that clear over £1k a month just on sports betting offers, but that is a lot more effort so I tend to focus on Casino and just do the odd sports bet.

In terms on what you bet, it is entirely whatever you are comfortable with. On Casino I do pretty much all of the lower risk ones with £1 stakes for my cash and then min £1 for the bonus, or 10%. For any ACOs I do, I will be going with minimum of £2 stake, but usually £4 - £5.

I'd suggest joining PS and going through the training.
This is where I get confused on PS, i.e. when they talk about ACO's I've asked a few times on discord about it and they say you need a decent bank to go for them, is that right ?
Is it possible to explain in laymans terms why the variance is higher ? I thought the idea is to aim for as high an EV as possible so over time statistically you'd be up, and higher EV = higher profit.

Sorry for so many questions but is it also possible to explain the difference between low and high risk casino offers please
Many thanks
 

Rob

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The variance is higher for ACOs as you’re counting on busting out quickly 9 times out of 10 because the other time it’ll be a big win.

However statistically you need to do thousands/millions of offers to get close to the EV (10 is no where war enough). That’s not possible in reality so there’s a chance with the high risk offers (the ACOs) that you go on a 100-offer losing streak. You therefore need the funds to absorb that hit and continue as over the long-term you will be in profit but you could well have a bad start or a bad run.
 

ziggy

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The variance is higher for ACOs as you’re counting on busting out quickly 9 times out of 10 because the other time it’ll be a big win.

However statistically you need to do thousands/millions of offers to get close to the EV (10 is no where war enough). That’s not possible in reality so there’s a chance with the high risk offers (the ACOs) that you go on a 100-offer losing streak. You therefore need the funds to absorb that hit and continue as over the long-term you will be in profit but you could well have a bad start or a bad run.
Thanks rob,
So from a newbie point of view what differentiates an ACO from a low risk offer, the amount you have to stake, number of times you have to turnover winnings, etc or none of the above ?
 

Rob

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Thanks rob,
So from a newbie point of view what differentiates an ACO from a low risk offer, the amount you have to stake, number of times you have to turnover winnings, etc or none of the above ?
It's mainly the stake but they all link together.

The more spins you do, the closer you'll be to what the stats say you should be. You "converge to the expected value" if you want to get mathematical.

With low risk offers, you often bet with the minimum stake so you might do 100s of 10p spins. For ACOs offers, the whole logic is you bust out faster with big spins but for the chance of a big win. That means you do bigger stakes and hence you do less spins. That means you're far less likely to converge to the average on any single offer. That means you have a much higher risk of losing.
 

Rob

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Andf I'd really avoid these until you have thousands in profit from the low risk offers. Build slowly and sustainably.
 

mightyspur

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This is where I get confused on PS, i.e. when they talk about ACO's I've asked a few times on discord about it and they say you need a decent bank to go for them, is that right ?
Is it possible to explain in laymans terms why the variance is higher ? I thought the idea is to aim for as high an EV as possible so over time statistically you'd be up, and higher EV = higher profit.

Sorry for so many questions but is it also possible to explain the difference between low and high risk casino offers please
Many thanks
Variance is higher because you are doing far less spins due to significantly larger stakes.

To me a "low risk" casino offer is one where you have to Bet X to get Y e.g. Bet £10 to get £5 bonus or Bet £20 to get 20 spins. Ultimately your bonus is not tied in with your own cash so you can do low value spins, which reduces the risk of you losing the full initial wager. Having said that, I will always do a min of £1 spins as I am comfortable that may mean I sometimes lose the full amount, but I frequently get fairly decent wins.

An ACO is anything where your initial money is tied in with the bonus, i.e. Deposit £100 get £100 or one where you have to risk losing X to get Y% cash back refund (either as cash or bonus, which then may have to be wagered) e.g. Party Poker have an offer where you get £25 cash back (as cash) if you lose £125, so you're effectively risking losing £100 on the chance of a big win. I won over £1800 doing that offer a couple of days ago.

On low risk offers technically you are risking the initial wager to get the bonus, but it would be rare you lose all of that.
High risk ACO you either lose the full amount or win (and usually win big)
 

ziggy

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Variance is higher because you are doing far less spins due to significantly larger stakes.

To me a "low risk" casino offer is one where you have to Bet X to get Y e.g. Bet £10 to get £5 bonus or Bet £20 to get 20 spins. Ultimately your bonus is not tied in with your own cash so you can do low value spins, which reduces the risk of you losing the full initial wager. Having said that, I will always do a min of £1 spins as I am comfortable that may mean I sometimes lose the full amount, but I frequently get fairly decent wins.

An ACO is anything where your initial money is tied in with the bonus, i.e. Deposit £100 get £100 or one where you have to risk losing X to get Y% cash back refund (either as cash or bonus, which then may have to be wagered) e.g. Party Poker have an offer where you get £25 cash back (as cash) if you lose £125, so you're effectively risking losing £100 on the chance of a big win. I won over £1800 doing that offer a couple of days ago.

On low risk offers technically you are risking the initial wager to get the bonus, but it would be rare you lose all of that.
High risk ACO you either lose the full amount or win (and usually win big)
Thanks that all makes sense
 

ziggy

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Variance is higher because you are doing far less spins due to significantly larger stakes.

To me a "low risk" casino offer is one where you have to Bet X to get Y e.g. Bet £10 to get £5 bonus or Bet £20 to get 20 spins. Ultimately your bonus is not tied in with your own cash so you can do low value spins, which reduces the risk of you losing the full initial wager. Having said that, I will always do a min of £1 spins as I am comfortable that may mean I sometimes lose the full amount, but I frequently get fairly decent wins.

An ACO is anything where your initial money is tied in with the bonus, i.e. Deposit £100 get £100 or one where you have to risk losing X to get Y% cash back refund (either as cash or bonus, which then may have to be wagered) e.g. Party Poker have an offer where you get £25 cash back (as cash) if you lose £125, so you're effectively risking losing £100 on the chance of a big win. I won over £1800 doing that offer a couple of days ago.

On low risk offers technically you are risking the initial wager to get the bonus, but it would be rare you lose all of that.
High risk ACO you either lose the full amount or win (and usually win big)
Also when people say you need a "decent bank" to play ACOs what would you say that amount is 1K, 2k, 3k or even more ?
 

mightyspur

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Also when people say you need a "decent bank" to play ACOs what would you say that amount is 1K, 2k, 3k or even more ?
Risk up to 1% of your betting bank for any offers with 40x bonus wagering or less, or 0.5% for more than that. So £10k if you're doing £100 buy ins

They advise that if, at any stage you lose 10% of your betting bank, then revert to low risk casino and sports offers until you have recouped your 10%, then go again. You may wish to disregard this, or increase to 20%, once you have a bank of over £10000
 
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