If you had a £10 how much could you make?

LilacPixie

just noticed if you sign up to littlewoods bingo via quidco you are getting £10 cashback and its one ofthose st minitiver(sp?) sites for scratchcard.

freyasmum

Ooh! This sounds fun!

Can I join, please?

moo2moo

Why is matched betting so complicated? Well its because we’ve all made the same assumption (or at least I think we have). You do exactly as the title suggests and match your bets. £10 on team A to win and £10 on team A to lose (logic says this is the same as Team B winning). That’s the point at which it all goes wrong, because that’s precisely what you don’t do, you aren’t placing 2 bets because that’s gambling.

The step I missed is that Betfair is an exchange where effectively you become the bookie. So you’re placing your bet (the gamble at the bookmakers) and your lay (where you are the bookmaker) on the same team in the same game and not the outcome of the match and when they say team A to win and team A to lose that’s precisely what they mean. To further complicate things you’re trying to match the end financial outcome rather than your initial expenditure so you really do need the spreadsheet or an incredibly good understanding of mathematics and a lot of patience.

Confused? I’m getting more so by the minute. Any comments, criticisms or outrageous thoughts welcomed. I’m going to figure this out even if it drives me insane in the process.

Dan29

moo2moo wrote: »

Betfair is an exchange where effectively you become the bookie. So you’re placing your bet (the gamble at the bookmakers) and your lay (where you are the bookmaker) on the same team in the same game and not the outcome of the match and when they say team A to win and team A to lose that’s precisely what they mean. To further complicate things you’re trying to match the end financial outcome rather than your initial expenditure so you really do need the spreadsheet or an incredibly good understanding of mathematics and a lot of patience.

Confused? I’m getting more so by the minute. Any comments, criticisms or outrageous thoughts welcomed. I’m going to figure this out even if it drives me insane in the process.

Yep that all sounds spot on to me (I've been matched betting for nearly 3 years). No need for you to go mad just yet

If you have any questions though, I might be answer them here later today - or ask on the GIOL board where there are loads of helpful people.

lola34

That all sounds very technical to me, I think I'll stick to Ebay though may have to investigate the free scratchcards - I have sorted out a box to keep my money in- if it goes in the bank it'll disappear so I will be putting the equivalent of what I earn in my boX:D

Oh what to buy though!!!! :rolleyes:

I'm going to start from Jan 1st too- off to USA in Fab so hope I can get bargains over there to boost my money:D

jenjade

thanks for the bettson link! i think it may have been the format that was the problem but i dunno. Bet you wish you had started the scratchcards earlier!

moneymabel

unless i read that betson thing wrong,it sounds like you have to bet again with the money that they give you back so you could still lose it all-just a word of warning!

ShrimplyIrresistable

This sounds like a fun challenge... and who could turn down a fun challenge? Not Shrimply!

Count me in please. Hmmm... now where did I leave that crystal ball!

Shrimply

Aidy

jenjade wrote: »

Jusr read this posted on the £10 a day thread somewhere !! off to look for more info about it!!

if you sign up to jackpotjoy via freebiegb(.)co(.) uk deposit and pay through £10 they are giveing you a £50 amazon evoucher.I phoned up their helpline and it genuine.You have to be a new member though .... Amazon voucher is meant to arrive within 24 hours so hopefully will have that to add tomrrow.

Hi

Has the evoucher arrived. I am slightly sceptical about this deal (if it seems too good to be true it probably is!!) but happy to be proven wrong!!

cheers

Aidy

angelflower_2

this sounds quite interesting so I would like to try it out. £10 for me from 1st January!