My father recently told me about Bonus Bagging and said it was possible to make £500 per month. At first, I was skeptical, but as he’s quite an expert on betting and has actually made money from this program, I thought I would check it out.
So I signed up with Bonus Bagging but then found that living in France I couldn’t open an account with the bookmakers, as required. The French government like you to place your bets through their nationalized betting system the PMU. Nevertheless, I continued my research to find out the truth about this win, win betting system.
Mike Cruickshank started to look into the betting world when he was a student in need of money. After many hours of research, he found matched betting which is a risk-free way of making money and doesn’t take up too much of your time once you’re used to the system.
Since this period he has devoted his time creating low risk betting systems. In the last five years, Mike has released four products.
- Bonus Bagging
- Profit Maximiser
- Bookie Blowout
- Each Way Sniper
There are thousands of members of these programs and almost all seem to be very happy.
What is this betting system?
Bonus Bagging is a system based on taking advantage of the bonuses offered by bookmakers to attract new clients. The well known traditional high street bookies such as Ladbrokes or William Hill now face enormous online competition from hundreds of internet bookmakers. All these online bookmakers are willing to offer you a bonus or a free bet to tempt you to bet with them.
It’s these bonuses that are used to earn you money with Bonus Bagging. You use the bookmakers money to make a profit through matched betting. You bet on all outcomes and never risk your money.
You sign up with the bookmaker, qualify for the free bet, use the free bet, withdraw your balance and then move on to the next bookie. This is often referred to as the Bonus Bagging loophole.
If you don’t have any bookmaker accounts Mike says you can earn £1200 in your first month and then £500 per month afterwards.
Who is Bonus Bagging for?
Bonus Bagging is really for people from the UK or Ireland. Many bookmakers will need an address in the UK for you to qualify for the free bets. Consequently, if you are not from the UK or Ireland, unfortunately, it’s probably better to forget this system.
Apart from that, this could be for anyone a complete newbie or an expert in betting. You must be over 18 years old.
How it works
Step 1. To get started you need to open an account with Betfair and deposit £75.
What is Betfair?
Betfair is a betting exchange, founded in 1999, that allows customers to bet against each other rather than betting against the bookmakers. A bet can only be accepted if it is matched by another customer. Betfair makes its money by taking a small fee for each transaction.
Another difference with traditional bookmakers is the way the odds are expressed. The odds at Betfair are expressed in decimal form. For example: instead of 2-1 the decimal equivalent is 3.0, which means if you bet a £1 you will receive £3 including your stake.
With Betfair, you can bet on a horse or a team to win or “lay” the horse or team, which means you back it to lose. You must have sufficient funds in your account to cover your liability.
Step 2. You ask for your first bet, the qualifying bet.
Mike sends you the first bookmaker to open an account with, the amount to deposit and the bet to place. This bet is to qualify for the bonus. So you don’t risk losing any money, you have to place a lay bet with Betfair. It is common to lose a small amount of money with the qualifying bet due to the fact that the odds offered by Betfair are better than the bookmakers odds.
This is the type of email you will receive. You have a link to the bookmaker, the bet to place and the odds. You also have a link to the page on Betfair where you will place your lay bet. Really very easy to follow.
Step 3. Request your free bet.
Now that you have obtained the bonus, you have to place your free bet and you will want to profit whatever the result. Mike always tries to place your free bet at high odds, because the bookmaker doesn’t give you the stake, you only get to keep the profits. Therefore, Mike always tries to place the free bet at odds of over 4.0. You place a bet with bookies at odds of more than 4.0 and you also place a lay bet with Betfair to cover you if they lose.
You receive an email from Mike, with very easy to follow instructions as with the qualifying bet. As you can see, you are given all the details even the amount you will make.
In this example, if Skonto wins you make:
£20 x 3.1 = £62 less the stake £20 = £42.00 less lay bet liability £28.92 = £13.08
You have placed a bet on Skonto to lose so if Debrecen win, you lose your free bet and you make:
£13.77 less 5% Betfair commission (0.69) = £13.08
When laying a bet it’s important to note that you can only win the other person’s stake.
Your bet will either win at the bookmaker or at Betfair
Here is an example taken from the BonusBagging.Co.Uk new user document, that illustrates very well how you can make money from your free bet.
Step 4. Withdraw your winnings and ask for your next bet.
You can ask for a maximum of 3 new bookmakers per day.
Pros and Cons
- system that works
- only £27 to join
- £1 7-day trial
- 60-day money back guarantee
- well documented system
- easy to follow instructions
- good support from the owner
- risk-free betting
- after joining there is 1 upsell Profit Maximiser £98.97 + tax
- you will need to have at least £100 to create bookmaker and Betfair accounts
- may be hard to understand some of the terms when starting
- not available in all countries – most bookmakers only give the free bets to UK or Irish punters
There isn’t really any training, however, everything is explained on the frequently asked questions page. There are videos that explain:
- How to place the qualifying bet
- How to place the free bet
- What to do if you have an unmatched bet
- What to do if you’ve placed the wrong bet
There are also answers to many common questions you may have. In addition, there is also a detailed section about Betfair and the betting exchanges. All in all, everything is made very clear and personally not knowing much about the betting world, especially betting exchanges, I learned a lot.
The support comes directly from Mike Cruickshank and in general seems to be very good. He says that the support and satisfaction of his clients are his first priority. Mike has made his products easy to follow even for someone who doesn’t know anything about betting or bookmakers. He also says that if he gets the same query from a few people he will make a video with written instructions explaining how to solve the problem.
The only drawback with Mike dealing with the support himself, is that it might take him longer to get back to you.
The cost is £27+ tax, but if you click to leave the sales page it is possible to have a 7 day trial for £1. Then you will have to pay a one-off payment of £26. As it’s a ClickBank product there is a 60-day money back guarantee, but if you place a couple of bets on your first day you will probably recuperate your fee.
What are their customers saying
Almost all the comments or reviews from customers that I found were positive. Although the profits may not be as much as promised by Mike, it’s not bad for ten to fifteen minutes work per day.
However, trying to do Bonus Bagging if you’re not from the UK, can be difficult or impossible as I found. Although I have read that it is possible to use from other countries, as you need a UK address for the bookmakers this will be difficult. It would be useful if Mike included a warning, stating this only works for UK or Irish residents.
My final opinion
When I started my site, I never thought I would be reviewing a betting system. To me betting was just a gamble, some you win, some you lose, not a legitimate money making system. However, after reviewing Bonus Bagging, I have changed my point of view.
With Mike Cruickshank’s system, if you follow the instructions and you’re from the UK or Ireland, you will make money. It’s as simple as that. The Bonus Bagging loophole is very easy to follow and you are given all the information to make your bets – the bookmaker, the stake for the bets, the odds – everything is calculated for you and sent to your inbox.
The price of £27 is very reasonable. It’s time to place your bets and reap the rewards.
If you have any experience with Bonus Bagging I would love to hear what you think, or if you give it a try, let me know how you get on. Leave me a message in the comments section below.
Thanks for reading and best of luck!