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Stoozing the bookies

25th September 2013 Print

If you fancy yourself as a shrewd gambler, then stoozing the bookies can be a bit of a financial no-brainer. Just be careful and think about any inherent weakness you may have before you begin the process.

You see, the online betting industry is one of the most competitive markets there is online; full stop. The bookmakers realise that once we’ve signed up, we’re quite resistant to change. In short, we can’t really be bothered with all the administrative hassle of changing accounts from one to another – so we tend to stay where we are. So the bookies are desperate for our first time business. But for those of us who can be bothered to “stooze” this presents a great opportunity.

And just in case you aren’t familiar with the term; “stoozing” refers to the practice of taking advantage of credit card offers by transferring your credit card debt to a card offering a period of 0% interest. Following your transfer, you then pay the absolute minimum amount required each month, investing the rest of your cash into the best savings account you can find, where it earns you interest. Then, of course, shortly before the 0% term ends, you pay off the entire debt from your savings account and “voila!” free cash.

With the bookies’ offers – it’s a more simple process. You simply open an account and take the best offers you can find and employ the money as shrewdly as you possibly can – usually via sports betting, or by any other form of gambling that the bookmaker offers that tickles your fancy.

The downside is that you always have to put a least some of your own cash in - but the free money offers available are remarkably generous in some cases.

Just make sure you exercise self-discipline and if you even think for one moment that you have a potential gambling problem – then please don’t even think about stoozing the bookies as a possibility.