System 200 Starter Pack
Welcome to “SYSTEM 200”
Thank you for signing up to the system that can help you make money fast.
I’d like to ask you to view the following video which explains Step by Step how to use “SYSTEM 200″.
It takes you through all the processes you’ll need to successfully gain around £20 cash from the first free bet offer we recommend.
The written 5 step guide below the video also reinforces what is said in the video to make sure you are fully prepared.
Step 1: Open an exchange account
Before we can match any bets, we’re going to need a betting exchange account. Obviously you will only need to do this once.
My advice is to register an account with Betfair Exchange and deposit £100 using the link below:
Normal commission at Betfair Exchange is 5% – which is their fee for you using their platform – HOWEVER InsideTraxs.co.uk has got a special deal:
“Bet on the Betfair Exchange and any commission paid within the first 30 days will be refunded in cash, up to a max of £500”. This means you can avoid the 5% fee for 30 days.
See my post on how to use betfair exchange here.
Step 2: Open a Sports account with an online Bookie
Start with the smaller welcome FREE BET offers to get some practice in.
William Hill have the perfect welcome offer to get you started. If we bet just £10.00, they’ll give us £30.00 in free bets!
Starting small will help build confidence and because we are only using £10 of our own money as a deposit – no need for a big bankroll.
Step 3: Change online bookie account to decimal odds
Traditionally, bookmakers display their odds as fractions, but we need to work with decimals.
That’s because decimals are much easier to compare at a glance, which is essential when looking for close back and lay odds.
Betfair Exchange already displays it’s odds as decimals, so we just need to change our odds preference to decimals at the online bookmaker, which is pretty straightforward.
The odds format changer for William Hill is easy to find at the top of the homepage.
For other sites we give that info along with other key T&Cs in the boxes below.
Step 4: Place your qualifying bet
It’s important to check the terms of an offer for any specific requirements before placing any bets. The terms for the William Hill welcome offer state that our qualifying bet can be placed on any sport, but must be placed at odds of 1.50 (1/2) or greater.
We can do this on any sport but I like to stick to racing.
Qualifying bets should always be placed at low odds because it’s important, as with any matched bet, that we look for back and lay odds that are as close to each other as we can make them.
NOW go to InsideTraxs daily Newsletter.
There you will find a list of horses who are predicted to have low odds and would be suitable for qualifying bet purposes under QUALIFIERS.
- Pick a race at least 30 MINUTES ahead of time.
- Make sure the odds are 1.5+ on the William Hill site to comply with their T&Cs
- Split your computer screen so you have your Betfair account open at the race
- Now match the odds for your horse between the sites as closely as possible – exactly if you can – BUT not more than 0.1 apart. For example the horse is at 1.85 on William Hill then anything up to 1.95 on Betfair is acceptable.
THE KEY to getting odds matched is PATIENCE. If you can’t match 30 minutes before the off then wait and as more money is bet so the odds move a little quicker and this leads to the opportunity to match better.
- Always place the bet on the online bookie FIRST.
- In the last 5 minutes before a race the odds can move very quickly as more than 50% of all bets are made.
- If you can’t get a good match then move to the next appropriate race – no big deal
Once the QUALIFIER bet is settled after the race William Hill will credit your account with 3x£10 free bets!!
NOW how do we turn this FREE BET money into real cash!!
Step 5: Extract profit from the free bets
Our £30.00 in free bets (3x£10) should be credited upon settlement of our qualifying bet. It’s now time to extract our profit!
Again go to the InsideTraxs newsletter and under the heading “FREE BETS TO CASH” find the next race which is at least 30 minutes from the off.
On the split screen pull up the race on William Hill and Betfair and look for a horse which is closely match between 3.0 and 6.0 or so. Closely matched now means 3.0 – 3.2 or 6.0 – 6.4.
Once you have found a horse which you can closely match use our UNIQUE “Stake & Return” calculator and enter the odds and your free bet stake.
As we have 3x£10 free bets; let’s do one £10 free bet and let’s say the odds we have are 3.0 on William Hill and 3.2 on Betfair – so we put:
The calculator will then automatically provide this:
With this input the calculator tells you for every £10 free bet at 3.0 on William Hill you need to stake £6.25 on the lay bet at 3.2 on Betfair. If you do that successfully then you will get £6.25 profit no matter whether the horse wins or looses. It also tells you need to have £13.75 in your Betfair account in order to execute this bet.
If we had found a horse at 6.0 and 6.4 this is what the calculator would have shown:
AND the return would have been:
At these higher odds we now convert £10 of free bets to £7.81 or 78.1% conversion (instead of £6.25 or 62.5% conversion) but we need more in our Betfair account to execute the bet (£42.19 vs £13.75). For the £30 this is £18.75 profit vs £23.43 but to execute the bets you need £41.25 vs £126.57 in your Betfair account.
So if you can afford to have a bigger amount in your Betfair account you will convert the Free Bets at a higher conversion rate.
My recommendation is to look for a horse which is trading in between 4.0 and 5.0 that you can match to within 0.2. This will give a conversion rate of 70-75%, which is what we aim for, while keeping the amount needed to execute the bets within your £100 Betfair deposit.
Now purchase the Complete Pack at a £3.99 discount for only £10.00
Click the purchase button below: