Compared to casino style gambling, sports gambling is often considered to be a game of skill. With the availability of handicapping tools (arbitrage betting software, stats, computer programs, tips), sports gamblers are able to use science and objectivity to help mediate the house's advantage while also locating solid wagering opportunities.

Bonus Bagging
Several years back, a gentleman named Mike Cruickshank went public with a wagering angle that is making hundreds of thousands of dollars for gamblers at every level. The "bonus bagging" methodology revolves around taking advantage of free bet offers made by most online sportsbooks as incentives to draw and retain customers. When bonus bagging, a gambler goes through the process of betting both sides of an event, using the promise of a free bet as leverage to assure they incur little to no losses while qualifying for the bonus.

How Bonus Bagging Works
Once the qualifying wager has been made, a free bet, usually of equal value to the qualifying bet up to a specified maximum, is granted to the player. Using the bonus bagging methodology, that qualifying wager can be made with little to no risks involved. Here's how it works.

At the same time the player opens their new account with the sportsbook, they would simultaneously open a betting exchange account with a reputable site like Betfair. The two accounts will be used simultaneously to create an arbitrage wagering situation. Instead of going into a long explanation with confusing terminology, here's is a classic example of the bonus bagging