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

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  • wrenlegs
    wrenlegs Posts: 294 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    with regards to match betting - Ive had a look on Wikipedia too and I still dont understand tbh. Someone said there's a thread ont here somewhere about it - could somebody post the link here?? Id love to understand :rolleyes:
    :money: Saving money, saving the environment and saving space (aka decluttering) - my motto this year!
  • moo2moo
    moo2moo Posts: 4,694 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    The most idiot proof matched betting explaination I've come across so far can be found here http://www.free-easy-money.com/bettingtutorial.php They have a very useful matching tool too but I haven't been brave enough to place my first bet yet.
    Saving for a Spinning Wheel and other random splurges : £183.50
  • Hi, there - can I sign up, please - this sounds FAB? V new, so still learning my way around the forums!
  • wrenlegs
    wrenlegs Posts: 294 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    moo2moo wrote: »
    The most idiot proof matched betting explaination I've come across so far can be found here http://www.free-easy-money.com/bettingtutorial.php They have a very useful matching tool too but I haven't been brave enough to place my first bet yet.


    Going there right now - here's hoping Im not an idiot :p Id love the guts to place a bet - its quite exciting really!!!
    :money: Saving money, saving the environment and saving space (aka decluttering) - my motto this year!
  • wrenlegs
    wrenlegs Posts: 294 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    wrenlegs wrote: »
    Going there right now - here's hoping Im not an idiot :p Id love the guts to place a bet - its quite exciting really!!!


    Right, that link was fab!! I need help understanding this though. I input the odds for winning men at the Australian open. For Andy Murray got this from the calculator:

    Back stake £10 (I put this as my bet) Lay stake was calulated as £7.94
    Back return came up as £43.30 Lay risk was said to be £35.75
    Back Profit as £7.55 Lay profit was £7.55

    So, do I make money here? Whats the difference between back return and back profit? Is the Lay risk what I would have to pay out? Is it is then if I bet £10 and lay bet £7.94 (a total output of £17.94) - I can either win the back bet (so £43.30 - Lay risk of £35.75) = £7.55 OR I win the lay bet and lose the back bet. How is the lay profit worked out???

    I need to place a smaller bet cos I only have £10 in total - I make a small bet now then bet with the free money. If I can work it out a bit better in my head then Ill defo go for it. Juts need to clarify that I get my £17.94 total stakes back PLUS the £7.55 profit :confused:
    :money: Saving money, saving the environment and saving space (aka decluttering) - my motto this year!
  • dizzyb99_2
    dizzyb99_2 Posts: 109 Forumite
    Hi could I join this challenge. I'm still really new to this so I haven't got a clue as to what i'll do or even if I'll survive the challenge but I'd love to have a go
    S/W -1, *-1.5, +1:o, -1/2, *-2, -2.5,
  • Miss_Bez
    Miss_Bez Posts: 222 Forumite
    Hi, can I join too! Thanks and good luck everyone.
    O/draft 1Abbey:£1000 Student Loan [STRIKE]£10,825[/STRIKE] £9030 Personal Loan: [STRIKE]£4900[/STRIKE]£4809 Apple Finance: £1000
    House Deposit Fund
    :
    [STRIKE]£13,830[/STRIKE][STRIKE]£14, 120[/STRIKE]£14500/£16,000


  • oh please count me in too! i missed the bargains in wollies - ours closed down on wed or thur!
    i was thinking of making my own cards - and looking for inspiration! Any1 got any tips or could post some links?
    I have seen card & decorations in the studio book (if i go through quidco i will get some cb!) but don't know if there is a better place to buy from!

    Good luck everyone!!!
  • jenjade
    jenjade Posts: 8,418 Forumite
    Part of the Furniture Combo Breaker
    Welcome newbies i will add you all
    :j Proud mum to Jade age 10 years and Baby Ellie born Christmas Day:eek: with a broke heart :( Proven to be a little fighter and battling on with her heart condition :j
  • DdraigGoch
    DdraigGoch Posts: 732 Forumite
    Part of the Furniture 500 Posts Mortgage-free Glee!
    Well, I'm a newbie too to such enterprises as this, but please count me in. I shan't be going for the matched betting so doubt that I'll be in amongst the winners, but, provided I've got more than £10.10 [original stake plus 2% annual interest over 6 months] I'll be a winner anyway!

    Thank you for this thread, and thanks to whoever put it into Martin's Tip letter
    If you see me on here - shout at me to get off and go and get something useful done!! :D
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