How to quickly generate over £100 with no more than 2 hours work
Cashback Arbitrage Overview
Let me show you how to earn over £100 online with 2 hours effort using a cashback arbitrage technique. This is not a scam or get-rich-quick scheme, it is simply a legitimate way to earn a little cash.
We are going to join Topcashback, the UK’s highest paying cashback site, and earn cashback (typically £20+) for each sportsbook we join.
What is the catch?
- You will need to be a UK adult (aged 18 or over) with access to a debit or credit card in order to join a sportbook.
- You will need to be a NEW customer that has never previously joined Topcashback or any of the sportsbook websites.
In order to qualify for cashback, we will need to place a bet at each bookmaker’s website, however we will mathematically hedge the bet to ensure that we are NOT gambling and that we make a very small guaranteed loss (around £1).
Losing £1 to earn £20+ cashback per sportsbook is a very good deal!
Intrigued? This is totally legitimate and the entire method will be explained below.
Mathematically hedged bets that neither win or lose
Imagine if you could:
- place a bet on a football team to win a match and at the same time,
- place a bet on the same team to not win the match.
These 2 bets would cancel out and no matter what happened, you would neither win nor lose.
It is now actually possible to make these kind of bets thanks to online betting exchanges such as Smarkets.
- Placing a bet for something to win is known as a back bet, these are the normal type of bets offered by all bookies and betting exchanges.
- Placing a bet against something to win is known as a lay bet. These bets are only available at betting exchanges.
If we could place a back bet and a lay bet on the same event, staking equal amounts of money, at exactly the same odds, then our total net liability would be exactly zero! We would neither win nor lose any money.
In practice though, it is nearly impossible to hedge our liability to exactly zero due to 2 reasons:
- Lay odds are always worse than back odds
- Lay bets that win at online betting exchanges are charged a small commission % (Smarkets charge 2% commission on winnings)
This means that at best, we can guarantee a very small loss, no matter what the outcome.
A detailed example
William Hill are offering back odds of 1.80 for Everton to beat West Ham
I place a £20 bet at William Hill on Everton to win at the odds of 1.80. This means that:
- If Everton win, I receive £20 x 1.80 = £36. Subtracting my original stake of £20 leaves a profit of £16.
- If Everton do not win (ie. They draw or lose), I make a loss of £20
Smarkets are offering lay odds of 1.86 for Everton to beat West Ham
At the betting exchange Smarkets, the green coloured odds are for back bets and the red coloured odds are for lay bets. The amount of money underneath the odds indicates the maximum bet you can make.
I place a £20 lay bet at Smarkets on Everton to win at the odds of 1.86. This means that:
- If Everton win, the total liability is £20 x 1.86 = £37.20, however the original £20 is not counted, leaving a loss of £17.20
- If Everton do not win (ie. They draw or lose), then I win £20. Smarkets charge a small 2% commission on winnings which works out to be £0.40. This leaves a net profit of £19.60
Summary of the combined back and lay bets
|Bet||Website||Odds||If Everton Win||If Everton do NOT win (ie. draw or lose)|
|Back £20 on Everton to win||William Hill||1.8||+£16||-£20|
|Lay £20 on Everton to win||Smarkets||1.86||-£17.20||+£19.60|
So you can see that no matter what happens, we have guaranteed a very small loss, but have also qualified for our £20+ cashback.
I have created a bet calculator below that will automatically calculate your net liability once you have entered your betting stakes and odds.
The cashback offers are listed below:
|Sportsbook||Minimum deposit and bet||Cashback||Minimum bet odds|