Side Hustle

[cum_slow]

Hey bro, times are tough at the moment, with inflation rising and our salary is not increasing.

I have to cut off my punting, what side hustle do you guys do to earn extra income for punting ?

[Punt2Win]

Hey bro, times are tough at the moment, with inflation rising and our salary is not increasing.

I have to cut off my punting, what side hustle do you guys do to earn extra income for punting ?

Matched betting. Free money. Google it.

[woodland]

how many betting sites do you need to be one for it to work

[neveragain]

how many betting sites do you need to be one for it to work

It involves taking advantage of introductory bonus bets when you sign up to some (but not all) bookmaking sites. And the profit from doing so is only in the double-digits. Can make some free money, but not a lot.

[Punt2Win]

Yeah I've made thousands over the years. Free punting kitty. Double digits only if you're too lazy to get out of bed I guess.

[neveragain]

Yeah I've made thousands over the years. Free punting kitty. Double digits only if you're too lazy to get out of bed I guess.

How can you have made thousands when the $20-$100 bonus bets are only given just once upon sign up to a few sites?

[Punt2Win]

How can you have made thousands when the $20-$100 bonus bets are only given just once upon sign up to a few sites?

That's false. Just today I got a 200 100% match. Who says they're given just once on sign up and only 20-100 that's just false.

[neveragain]

That's false. Just today I got a 200 100% match. Who says they're given just once on sign up and only 20-100 that's just false.

How did you get that bonus bet today?

[GoldfishMan]

That's false. Just today I got a 200 100% match. Who says they're given just once on sign up and only 20-100 that's just false.

Bro, you're talking about bet matching promos, where the betting sites offer to match your bet. That's a totally different thing to what he's talking about, which is this:
https://en.wikipedia.org/wiki/Matched_betting?wprov=sfla1

The difference is money at stake. With the bet matching promos, you're actually risking your money on a particular outcome hoping for a doubled win. If the outcome materialises, you win double what you'd normally win. If it doesn't, you lose the amount you bet.

But the "match betting" method risks no money of your own and guarantees that you'll keep the money from the "free bet" promo. Take a look at that Wikipedia page to get an idea.

It's really a bottom of the barrel type of money making, TBH. Get a few free bucks from a new betting site running a promo, that's about it. I wouldn't call it a side hustle cos it ain't sustainable.

[Punt2Win]

You're confusing what I'm saying. I'm a matched bettor. I arb promos and lay them off on betfair. Then I use bonus funds to either guarantee 80% of the bonus funds as cash by laying off the bet (on betfair) OR I just bet the bonus and try to win on a treble or something. I'm not risking my money as I'm laying off for a guaranteed qualifying loss on promo markets, then waiting to see if I score the bonus or not.

In the last few years I've made almost 20K risk free. Got spreadsheets and all.

I consistently lay off for a qualifying loss of around 3-4% of the stake and am able to turn 75-85% of the stake into cash. Rinse repeat.

[personaa]

With AI, most people need to find a couple of other venues for their cash flow, just to be on the safer side. So think about a side hustle that could potentially become your main income stream.

[neveragain]

You're confusing what I'm saying. I'm a matched bettor. I arb promos and lay them off on betfair. Then I use bonus funds to either guarantee 80% of the bonus funds as cash by laying off the bet (on betfair) OR I just bet the bonus and try to win on a treble or something. I'm not risking my money as I'm laying off for a guaranteed qualifying loss on promo markets, then waiting to see if I score the bonus or not.

In the last few years I've made almost 20K risk free. Got spreadsheets and all.

I consistently lay off for a qualifying loss of around 3-4% of the stake and am able to turn 75-85% of the stake into cash. Rinse repeat.

You're still not saying where you're getting the bonus bets/funds from

[Punt2Win]

You're still not saying where you're getting the bonus bets/funds from

Bro I'm gonna walk you through a step by step example cos I want you to understand and profit from this. I'll use bet365 as an example but all books do the same promos more or less.

So every week they have a promo that goes "place a Same Game Multi with odds of at least 2.00 on this AFL match and if it loses get your stake back up to $50".

So I place a SGM that I think has a high chance of losing like the underdog to be winning at both HT and FT. Then I jump over to betfair and lay that same outcome on the HT/FT market for a guaranteed small loss whatever the outcome. Let's say $2.50 loss.
That's called the qualifying loss.

Now the match ends and the underdog didn't win and we lost out 50 stake in bet365 but made 47.50 in betfair. We are -2.50 so far but we now have a 50 bonus in bet 365 so we effectively paid 2.50 for a 50 bonus.

So with that bonus I can either bet it on a horse and lay that horse off on betfair to make about $40 cash guaranteed OR I can bet it on a sport multi and risk it.

Say I bet it on a multi with 4.00 odds for a profit of $150 - I just risked 2.50 to make 150 ...see how I'm not really risking my cash now?

As to your question of where I'm getting the bonus from:

Bet365 has this promo every week. 50 back on NRL 50 on AFL 30 on EPL and 30 back on a Saturday race. That's 160 a week just from bet365 which can be turned into really good profit.

That's only one bookmaker though. I'm signed up to dozens and they all have various promos like this that can be taken advantage of. Not to mention welcome offers that don't even require a qualifying bet - they just hand you the bonus on deposit.

Just this week a book I have been a member of for years gave me a 200 bonus bet on deposit to promote their new site revamp. There's heaps of em that will just email you a bonus after a period of inactivity to get your business back.

The key is to not look like you are matched betting and to make mug bets to appear like just a run of the mill losing sport bettor.

Hope this helped you to understand better.

[Double_Adapter]

Clear as mud!

A wise man once told me there are only 4 ways to make money: drugs, prostitution, gambling, and winning the lotto...so you're on the right track bro.

[lnylan]

Also, these promos are technically banned in NSW. Not an issue for the customer, but the licensees are taking a chance by offering the promos. They just see if as a cost of doing business.

I used to arb regularly, but a lot of my accounts got closed. I also found that Betfair markets weren’t deep enough to cover what I was looking for.

I guess that it’s still possible today, but to me the juice isn’t worth the squeeze.

Happy some people are still doing it though

[Punt2Win]

Clear as mud!

A wise man once told me there are only 4 ways to make money: drugs, prostitution, gambling, and winning the lotto...so you're on the right track bro.

So what part can't you wrap your head around. I tried to be as clear as possible.

[Punt2Win]

Also, these promos are technically banned in NSW. Not an issue for the customer, but the licensees are taking a chance by offering the promos. They just see if as a cost of doing business.

I used to arb regularly, but a lot of my accounts got closed. I also found that Betfair markets weren’t deep enough to cover what I was looking for.

I guess that it’s still possible today, but to me the juice isn’t worth the squeeze.

Happy some people are still doing it though

Yes it has dried up compared to 10 years ago definitely, but there's still an income stream there if willing to do a bit of leg work.

[grindinghard]

So what part can't you wrap your head around. I tried to be as clear as possible.

I completely understand. I don't understand what the confusion is. I feel like 'betting' and 'profit' are one of thoses things people think are too good to be true. However, I can confirm, it is possible. Especially with strategies that exploit arbitrage bet.

[1inchguy]

Hey bro, times are tough at the moment, with inflation rising and our salary is not increasing.

I have to cut off my punting, what side hustle do you guys do to earn extra income for punting ?

Uber deliveries

[ColesBag]

20k in a few years? Penny ante returns for all of that effort?

https://finance.yahoo.com/quote/PM/

Phillip Morris International - people smoke and will continue to do so.

36% in one year and 118 % in 5.

Invest don't hustle. The returns are better.

[ironmonk]

I think the only reasonable way to fund vices is from investments, yield, windfalls etc, rather than earned "active income"

[yuqi01]

All in crypto. Could never go wrong

[ColesBag]

Uber deliveries

How much do they get per delivery? Honestly don't know.

[Punt2Win]

20k in a few years? Penny ante returns for all of that effort?

https://finance.yahoo.com/quote/PM/

Phillip Morris International - people smoke and will continue to do so.

36% in one year and 118 % in 5.

Invest don't hustle. The returns are better.

Very little effort entering odds into an excel arb calculator. 1 hour per week max. That's finding the bonuses.

On your second point, guess what I do full time? LOL Buy gold miners before PMI

[Punt2Win]

I completely understand. I don't understand what the confusion is. I feel like 'betting' and 'profit' are one of thoses things people think are too good to be true. However, I can confirm, it is possible. Especially with strategies that exploit arbitrage bet.

Thank you. Yes when they read it, it sounds like something complicated. But when I sit someone down and do it in front of them the lightbulb goes off.

[ColesBag]

Very little effort entering odds into an excel arb calculator. 1 hour per week max. That's finding the bonuses.

On your second point, guess what I do full time? LOL Buy gold miners before PMI

Nice one. Yeah I do a bit of gold futures for myself, I do ok. About 10 years ago I discovered the joy of non-ESG investing. I'm a zealot. Heehee.

[Punt2Win]

How much do they get per delivery? Honestly don't know.

Got a door dash 2 weeks ago. The guy needed to pick up the food and drive 2 mins to my house. Windows maps opens up on checkout so you can GPS track the delivery. They've now added a chat function so you can say stuff like "don't ring door bell, baby sleeping" etc.

I have the default setting on "leave at door". When he stops outside he contacts me through that chat box. His name was Hasseem Habeeb no joke. The message was "I'm outside brother, can I have tip plzz".

There's no way in hell I'm tipping him for that and would give him a slap before a tip for being so forward. But just think, if he copy pastes that to every order...a certain % are gonna feel obliged. So maybe they make very decent tips and more than we think.

[ColesBag]

There's no way in hell I'm tipping him for that and would give him a slap before a tip for being so forward. But just think, if he copy pastes that to every order...a certain % are gonna feel obliged. So maybe they make very decent tips and more than we think.

Can't blame him for trying, maybe 20 deliveries per night and he's gets a few suckers I suppose it might add up. I'm like the guy from Reservoir Dogs when it comes to tipping however so he's be shit out of luck.

[Punt2Win]

. About 10 years ago I discovered the joy of non-ESG investing. I'm a zealot. Heehee.

This combined with the tipping comments seems we're two birds of a feather. Haha nice. Last week got some magazine sent to me by mistake, meant to go to the next street. Was called "Director magazine" or some bs like that. Anyway the cover story was "Is ESG dead?".

I chuckled to myself thinking how early we are in all these commodities and precious metals if the sheep are still thinking about ESG. I guess I'm also a zealot as whenever I hear green this carbon that, I buy more coal stocks as a natural reflex action.

[Double_Adapter]

I have the default setting on "leave at door". When he stops outside he contacts me through that chat box. His name was Hasseem Habeeb no joke.

The message was "I'm outside brother, can I have tip plzz".



I would've opened the door and said "you wanna tip Hasseem, Go have a fucken shower and slap on some deodorant"

[woodland]

Bro I'm gonna walk you through a step by step example cos I want you to understand and profit from this. I'll use bet365 as an example but all books do the same promos more or less.

So every week they have a promo that goes "place a Same Game Multi with odds of at least 2.00 on this AFL match and if it loses get your stake back up to $50".

So I place a SGM that I think has a high chance of losing like the underdog to be winning at both HT and FT. Then I jump over to betfair and lay that same outcome on the HT/FT market for a guaranteed small loss whatever the outcome. Let's say $2.50 loss.
That's called the qualifying loss.

Now the match ends and the underdog didn't win and we lost out 50 stake in bet365 but made 47.50 in betfair. We are -2.50 so far but we now have a 50 bonus in bet 365 so we effectively paid 2.50 for a 50 bonus.

So with that bonus I can either bet it on a horse and lay that horse off on betfair to make about $40 cash guaranteed OR I can bet it on a sport multi and risk it.

Say I bet it on a multi with 4.00 odds for a profit of $150 - I just risked 2.50 to make 150 ...see how I'm not really risking my cash now?

As to your question of where I'm getting the bonus from:

Bet365 has this promo every week. 50 back on NRL 50 on AFL 30 on EPL and 30 back on a Saturday race. That's 160 a week just from bet365 which can be turned into really good profit.

That's only one bookmaker though. I'm signed up to dozens and they all have various promos like this that can be taken advantage of. Not to mention welcome offers that don't even require a qualifying bet - they just hand you the bonus on deposit.

Just this week a book I have been a member of for years gave me a 200 bonus bet on deposit to promote their new site revamp. There's heaps of em that will just email you a bonus after a period of inactivity to get your business back.

The key is to not look like you are matched betting and to make mug bets to appear like just a run of the mill losing sport bettor.

Hope this helped you to understand better.

this is great - its arbitrage.

[neveragain]

Bro I'm gonna walk you through a step by step example cos I want you to understand and profit from this. I'll use bet365 as an example but all books do the same promos more or less.

So every week they have a promo that goes "place a Same Game Multi with odds of at least 2.00 on this AFL match and if it loses get your stake back up to $50".

So I place a SGM that I think has a high chance of losing like the underdog to be winning at both HT and FT. Then I jump over to betfair and lay that same outcome on the HT/FT market for a guaranteed small loss whatever the outcome. Let's say $2.50 loss.
That's called the qualifying loss.

Now the match ends and the underdog didn't win and we lost out 50 stake in bet365 but made 47.50 in betfair. We are -2.50 so far but we now have a 50 bonus in bet 365 so we effectively paid 2.50 for a 50 bonus.

So with that bonus I can either bet it on a horse and lay that horse off on betfair to make about $40 cash guaranteed OR I can bet it on a sport multi and risk it.

Say I bet it on a multi with 4.00 odds for a profit of $150 - I just risked 2.50 to make 150 ...see how I'm not really risking my cash now?

As to your question of where I'm getting the bonus from:

Bet365 has this promo every week. 50 back on NRL 50 on AFL 30 on EPL and 30 back on a Saturday race. That's 160 a week just from bet365 which can be turned into really good profit.

That's only one bookmaker though. I'm signed up to dozens and they all have various promos like this that can be taken advantage of. Not to mention welcome offers that don't even require a qualifying bet - they just hand you the bonus on deposit.

Just this week a book I have been a member of for years gave me a 200 bonus bet on deposit to promote their new site revamp. There's heaps of em that will just email you a bonus after a period of inactivity to get your business back.

The key is to not look like you are matched betting and to make mug bets to appear like just a run of the mill losing sport bettor.

Hope this helped you to understand better.

Thank you for the tangible information 🙏 I've been looking into this and already made a little bit from introductory deposit match bonus bets.

One question, though, regarding the "place a same-game multi and if it loses get your stake back in bonus bets" promos. How do you lay a multi off on Betfair? A standard bet has 2 outcomes which is easy to lay off. But a 2-leg multi has 4 possible outcomes, a 3-leg multi has 8 possible outcomes, etc. For a 2-leg multi, how do you lay the other 3 outcomes off in Betfair? For a 3-leg multi, how do you lay the other 7 outcomes off in Betfair?

[legitl]

Very little effort entering odds into an excel arb calculator. 1 hour per week max. That's finding the bonuses.

On your second point, guess what I do full time? LOL Buy gold miners before PMI

Sorry I'm not too familiar with commodities but in this instance are you actually day trading or more so medium/long term holding? I've got a small part of crypto/shares etc and got an investment property but now feel like I'm capped from buying more investments because it's limited by my income not exceeding my mortgage by enough. I'm trying to figure a way of trading something to actively compound and keep building.

[Punt2Win]

Thank you for the tangible information �� I've been looking into this and already made a little bit from introductory deposit match bonus bets.

One question, though, regarding the "place a same-game multi and if it loses get your stake back in bonus bets" promos. How do you lay a multi off on Betfair? A standard bet has 2 outcomes which is easy to lay off. But a 2-leg multi has 4 possible outcomes, a 3-leg multi has 8 possible outcomes, etc. For a 2-leg multi, how do you lay the other 3 outcomes off in Betfair? For a 3-leg multi, how do you lay the other 7 outcomes off in Betfair?

Firstly Ignore the 3 leg ones as they're harder to lay.

Now with the 2 leg ones I simply use the SGM to make a market that is layable on betfair single markets.

Example 1. Instead of betting on the HT/FT market, I place a SGM of team A to win half time and team A to also be winning at full time (ie 2 separate legs). Then I go to betfair and lay the HT/FT market.

Example 2. For soccer I place a SGM of Team A to win and total goals to be under 1.5 in the match. Therefore the only possible outcome for it to win is 1-0. I simply go to the betfair correct score market and lay 1-0.

There are more ways you can also play around with the markets so that you can use a SGM to mimic a standard traditional market and then just lay that market on betfair.

[MrSeven]

I do dog sitting, dog daycare and dog walks. Earned 25k last financial year. Sometimes have multiple dogs. Owners drop them off and pick them up. I just have to hang out with them. Helps when you love dogs and deal with lovely owners. Easy easy money.

[Punt2Win]

Sorry I'm not too familiar with commodities but in this instance are you actually day trading or more so medium/long term holding? I've got a small part of crypto/shares etc and got an investment property but now feel like I'm capped from buying more investments because it's limited by my income not exceeding my mortgage by enough. I'm trying to figure a way of trading something to actively compound and keep building.

Disclaimer; I've been at this full time for about 12 years (many hard lessons learnt) and don't recommend you try any of this unless on a paper account because it can be high risk.

I have 4 accounts. I strategy each.

Option Trading account used to write options and position trade. (google the wheel strategy) - I use mining stocks to do this as they have higher implied volatility so the option premiums are high.

CFD account used to trade futures and stocks. This is short term swing trading to catch anticipated moves. Here I'll trade gold/silver futures (the actual price of the metals) and ASX stocks long and short. Not for holding for long periods.

Crypto wallet. I just buy BTC and nothing else on an exchange send it to the wallet and that's it. Accumulate on dips if possible.

Last account is just long term buy and hold where I drip money into ETFs of stocks I wanna hold onto for decades.

The first 2 are to generate income and the second 2 are where that income gets fed into.

[whispurr]

If you know anything on electronics and tech, prowl facebook marketplace and look for people who are selling things for a steal, then flip it for its actual worth. There are quite a lot of people on Facebook mp who wanna selling things at a loss for a quick buck.

[cum_slow]

Hey bro, times are tough at the moment, with inflation rising and our salary is not increasing.

I have to cut off my punting, what side hustle do you guys do to earn extra income for punting ?

Thanks for sharing bro!

mind sharing how much can you make with match betting ?

[madness123]

I do dog sitting, dog daycare and dog walks. Earned 25k last financial year. Sometimes have multiple dogs. Owners drop them off and pick them up. I just have to hang out with them. Helps when you love dogs and deal with lovely owners. Easy easy money.

Ive been thinking that looks like a good gig since covid. It on my retirement gigs list.

[justincase]

If you know anything on electronics and tech, prowl facebook marketplace and look for people who are selling things for a steal, then flip it for its actual worth. There are quite a lot of people on Facebook mp who wanna selling things at a loss for a quick buck.

I agree on that, especially if you know how to repair electronics.

[Bangers1111]

How much do they get per delivery? Honestly don't know.

It takes a couple of months to get your bearings, but once you have your region down pat, know where all the restaurants and shops are, work out the parking situation, you should be getting between $32--$35 and hour. You have to pay tax of course, but if you have a newish car then the tax man is considerate. Some evenings can be a walk in the park, others can be a pain in the arse. Good promos on and you can nudge $40 an hour.