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Bonus Bagging Review – No.1 Matched Betting System for Newbies

Bonus Bagging Review


What’s Bonus Bagging?


Bonus Bagging is a matched betting subscription service, which is probably the Most Newbie Friendly System because you are effectively instructed in the One-To-One communication style.

Bonus Bagging is created by Mike Cruickshank who also produces Profit Maximiser. This system is being Top Rated in many money-making review sites with the following average earnings generated by the system;

Average Profits:  £3 – 4,000+ for the new account (using sign-up free bet/bonus) & £200  –  400 for an existing account (using reload bonus) every month (for over £1,000 / month income from the reload bonus, there are 3 other excellent choices, see at the bottom).

Allow us to re-emphasize Newbie Friendly because you don’t need any knowledge about Matched Betting or even Sports Betting itself due to the No Brainer Process Mike created & implement for you. The choice of the bookmaker, odds to bet & the size of each bet, etc are all guided by Mike and sent by e-mailto you, namely the spoon-feeds-process.


Matched Betting – What’s It?


BTW, what’s matched betting? For those who are not familiar with Matched Betting, suggest you access Matched Betting For Dummies.

However, let me briefly explain how it works by using William Hill Welcome Bonus. William Hill offers to new players “Bet £10 Get £30 Free Bet”william hill sports welcome offer

What we do are;

  • 2 transactions of Back (bet on win) £10 on Team or Player A at William Hill & Lay (bet on NOT win) appropriate £ (stake can be calculated by free software) on the same Team or Player A at Betting Exchange like Betfair (you may want to use Betfair Alternatives) so that you cover all outcomes.
  • Regardless of the outcome, your losing & winning will cancel out each other. In real practice, usually, 2 bets are not perfectly offset due to the odds difference & exchange commission. Therefore you make a small loss called Qualifying Loss.
  • But now, you get £30 (£15 x 2) Free Bets. You repeat the exact same process but use the free bet for the back bet at William Hill. Then, this time free bet value (minus qualifying loss) will become your net profit.
  • You may be able to extract around £22-25 pure profit from this offer.
  • The success factor is how to minimize the qualifying loss by selecting the player whose odds gap (between William Hill & Betfair) is the narrowest. You can use Free Odds Matcher to locate such opportunities. For the detailed step-by-step process, take a look at Free Matched Bet Starting Guide (2) – How To Sign-Up & Place Qualifying Bet. We use this William Hill sign-up bonus as an example in this instruction.

BTW, many people imagine matched betting is for only UK & Ireland, wrong, by using this approach everybody in the world including US citizens can make decent profits from this risk-free betting technique.

Bookmaker Sign-Up Caution

Incidentally, Matched Betting is all about making the best use of bookmakers’ promotions, thus you need to open up bookies’ accounts as many as possible.  All online bookies are in a fiercely competitive situation thus advertise tasty offers to attract your sign-up. However, Don’t sign-up directly. 

Many punters overlook huge Cashback Opportunities and open up bookmaker, casino & bingo accounts directly. Stop doing it, you can earn a lot of risk-free cash while receiving the gambling sites’ own sign-up offers & bonuses. We have separately prepared  Betting Cashback Websites – The Ultimate Guide To Be Always Better Off, where you will find how to collect £2,500 cashback altogether. So, from now on, Never Ever Sign-Up Any Gambling Accounts Directly Before Checking the Availability of the Cashback Offer stated in the above document. 

Betting Exchange

As you see in the above process, betting exchange is essential for matched betting.

There are 4 established betting exchanges as below; 

Betfair (see Betfair Alternatives)Betfair Exchange Logo
BetDaq (Warning)Betdaq Exchange Logo

And, in case you are not familiar with the betting exchanges, the below 2 documents will be of good help;

In case you have not had any betting exchange accounts, this guide shows all the top 4 betting exchanges’ latest sign-up offers & how to extract cash risk-free from each offer including Betfair’s £100 Free Bet, which is supposed to be one of the best offers in the industry, just FYI.

Anyhow, for those who have not opened Smarkets or not even a single bet exchange account, I prepared a step-by-step guide for your quick start. You can effortlessly extract cash from its sign-up bonus of £10 Risk-Free Bet. Actually, this is one of the easiest offers to lock in a profit in the industry. Please click the “+” mark to open the instruction;

SMarkets Sign-Up Process with Screenshots

Please follow the below process, which takes less than 10 minutes to complete;

Update & Confirm T&C (Terms & Conditions)

  • Firstly, Go To Smarkets Welcome Offer Page and see the latest offer. Currently, you can choose either 0% Commission for 60 days or a £20 Cash Refund Sign-Up Promotion (or if you’re lucky you may find a better offer they periodically run via that link)

smarkets 2022 welcome bonus

  • Read welcome bonus T&C. I know it’s boring stuff but never try to save time by skipping it to avoid any unpleasant future surprise;

smarkets 2022 welcome bonus t and c

Simple Sign-Up By Filling Information

  • After reading the T&C, click the “Claim Bonus” button;

smarkets 2022 welcome bonus claim

  • Fill in the required information related to your Account, Personal Information, and Never Forget to enter Promotion Code, namely 0% Commission for 60 days (code COMMFREE) or £20 Cash Refund (code SMK20) & Deposit;

smarkets 2022 welcome bonus promotion code enter

A Few Key Points

  • For the deposit method, Skrill & Neteller deposits are not eligible for the £20 Cash Refund.
  • You need to deposit at least £10 in a single amount to qualify for the £20 Cash Refund.
  • You need to spend the full £20 Cash Refund within 7 days after you get credited, otherwise, any unused cash refund balance will be removed. 
  • Account Verification. You will receive the below e-mail to verify your account. Suggest you do it as quickly as possible to prevent any future transaction delay;
    Bet Exchange SMarkets ID Verification

    Click To Enlarge

  • That’s it. You’re now ready to place lay bets to construct matched betting once you sign-up the bookmakers.
  • If you are not familiar with how to start matched betting, see how to place a qualifying bet.

How To Extract Cash From The Offer?

As said, the Smarkets signup offer is probably the easiest one. Because you don’t have to do anything. Smarkets will refund your first £20 loss. Yes, even if you win thousands of £ before you lose £20, Smarkets will refund your first £10 loss.

So, just keep doing the matched betting, and whenever you lose £20 for the first time in Smarkets, you will be refunded, and as you’re aware it’s your profit. But beware that the Cash refund will expire in 7 days, therefore make sure you use up all the refunds within 7 days. 

Some Good News

  • Very simple, isn’t it? Smarkets & all other bet exchanges I list in the betting exchange guide are fully licensed & regulated by the UK gambling commission. And they all register in IBAS – Independent Betting Adjudication Service, thus you can let IBAS resolve when you face any problem with them.
  • Remember, any income from matched betting is Tax-Free in the UK / Ireland even if you are treated as a professional gambler, which means you make living in gambling with the gambling profits as your main income source – see further in the Tax section in this report.

For those who can’t access the 4 key betting exchanges, don’t worry, you can use bet brokers, but you need to take a cautious approach given their small business operation. The following 2 documents will help you select the right one(s);



Bonus Bagging – How does it work


Bonus Bagging Process


After you sign-up for Bonus Bagging, you will access the members’ only website where you can find & request a bet whichever you fancy anytime between 7 am and 10 pm each day. Mike will get back to you by email usually within a few minutes.

You will find very precise instructions explaining which bookmaker to use, how much the offer (odds) should be in which events even with a link, and when the bet settles then how you claim the free bet in the end. Simply, repeat this process over and over to keep earning profits.

So, if you feel uneasy to go into matched betting by yourself, this is the perfect system because you’re always guided by Mike in an effective One-To-One Communication manner.


Free Services


Mike provides a few free services, which I used in my various Guides & Instructions namely;

OddsmatcherBonus Bagging Oddsmatcher

Matched Betting CalculatorBonus Bagging Matched Betting CalculatorThese free services are very high quality, especially for oddsmatcher. There is no longer free service in the industry other than Bonus Bagging. If you subscribe to the Bonus Bagging, this Oddsmatcher will be upgraded with a more frequent update of the matching information which is critical for matched betting.


Key Unique Advantages


  • Broad coverage of bookies: In case you already opened & used up the bookies sign-up bonuses, Mike will provide you with something you have not been aware of.
  • Reload bonus alert: Bookmakers offer free bets to existing customers which probably many of you have missed unless you regularly check your bookmakers’ accounts. Mike ensures this doesn’t happen as it acts as a reminder service for you.
  • Cheap Price: a one-off payment of £27 + VAT for lifetime email support, which you can recoup within a week after you subscribe.
  • Guaranteed Refund: Payment is via Click Bank which assures you an Unconditional Refund for 60 days – they will not require you to explain anything for cancellation & refund, so actually it’s equivalent to 60 days Free Trial.
  • £1 Trial Link


    On top of it, I will provide you £1 Trial Link for you to make a trial for 1 week with £1, no brainers, try it, and if it doesn’t fit you, just cancel before the end of the 7 days; Bonus Bagging 7 Days Trial Icon



    Matched Betting Package Service other than Bonus Bagging


    If you want to make extra money seriously from matched betting (say over £1,000 every month on the side), you may want to consider Matched Betting Premium Subscription Services. The top 3 in the industry are Outplayed (ex Profit Accumulator), Oddsmonkey & Profit Maximiser.

    One of the benefits to use them is the 0% Betting Exchange Commission thanks to their partnership with Smarkets, Matchbook & Betdaq. Only with this, you can cover years of their subscription fee. When it comes to which service you should take, check our Comparison of these 3 services & software, which will help you decide the best-fitted one for you.

    On the other hand, if you’re seeking premium matched betting service including sophisticated ACCA software, the below 3 are the current best choices;



    Bonus Bagging Review Wrap Up


    For UK & Ireland players, especially for newbies, it’s obviously a Must Try program based on the above Key Unique Advantages.

    Suggest you start NOW – in case you don’t need a 7-day trial but purchase permanent service, you’re protected by 60 Days Money Back Guarantee.

    60 days is an unusually long period in this industry, which proves Mike’s confidence in the quality of service;Bonus Bagging 60 Days Money Back



    Hope these will help you make extra money on the side every month.


    Joshua Walker (bio)

    Editor – Global Extra Money (GEM)




    Once you started matched betting in sports betting, casino offers may become your additional interest. But remember, unlike matched betting casino bonus hunting is not risk-free, suggest you take a look at the 5 Most Profitable Casino Sign Up Methods – Stay Away From No Deposit Bonus.

    Then you will notice that many offers require a Slots machine to use such as Get 50 Free Spins. Mike has launched a very useful tool.

    EV Maximiser – Slot Machine Mathematical Bet Simulator

    When it comes to the Casino Bonus raking, we use the EV (Expected Value) concept to evaluate if a particular bonus offer could be profitable.

    For further details, suggest go Beat The Casino Bonus Instruction Index where you find a list of our casino bonus instructions. The most relevant strategy is Mathematical Bet where I talk about Mike Cruickshank’s product, which is an excellent simulator called EV MaxmiserMathematical Bet, EV MaximiserClick the above image then you will be navigated to the video Mike explains how it works. In short, it does all the calculations to work out;

    • The estimated value
    • Chance of busting
    • Profit per hour and the average amount of wagering completely
    • A slots machine database with over 800 machines including the house edge and variance level of each game

    Again, don’t forget this is an advanced strategy with high risk, so unless you feel comfortable, put it on the back burner.


    Good Luck!!


    Joshua Walker (bio

    Editor – Global Extra Money (GEM)