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

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  • doodledo_2
    doodledo_2 Posts: 4,676 Forumite
    Moo2Moo - I am so with you there I have read the gambling board so many times and I "think" I get it and then when I try to actually go and make a dummy bet it all gets too confusing lol
    Proud to be dealing with my debts - DFW No: 712

    03/09/09 - DEBT FREE AT LAST :D
    Racing Hypno to Save - £10/£5000
  • yukkibear
    yukkibear Posts: 5,556 Forumite
    Part of the Furniture Combo Breaker
    moo2moo wrote: »
    I keep reading the matched betting guides for beginners but they make my head swim. If someone figures it out could they post an idiot proof explanation as I just don't get it. OK well not quite true, I get some of it. The most straightforward way I can think of it is a football match. There are only 3 possible outcomes. Team A wins, team B wins or they draw. But then what?

    Betfair for example is offering :
    Chelsea 1.25, West Ham 18.5, Draw 6.4

    William Hill has the same game but a different format:
    Chelsea 1/4, West Ham 14/1, Draw 4/1

    I'm assuming that this would be a bad game to bet on because the odds of one team losing and the other winning are so different. But then again I could be very very wrong. Any suggestions anyone?



    moo2moo any match can be good to bet on depending on the odds at the bookies compred to the odds at the exchange.

    Basically you bet on team A to win at the bookies (ie will hill) and bet on team A to lose at the exchange (ie betfair)
    The spreadsheet on the gambling thread is good to use to see how much you will make or lose from the bets
  • bex2002
    bex2002 Posts: 1,283 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    hi,can i join this challenge too please.
    £27.76/£2018 in 2018
  • Gemmzie
    Gemmzie Posts: 14,876 Forumite
    It doesn't matter who wins/loses/draw - it hasn't clicked yet, keep reading.

    Oh and fractions to decimals is easy - divided the first number by the second then add one, so Chelsea at Will Hill would be 1 divided by 4 add 1 so 1.25 :)
    A very good match as your bookie and exchange (Betfair) are the same figure.
    No longer using this account for new posts from 2013
  • Please add me to the list, Jen! Will give me something else to distract me from my course, haha ;)
  • timbo86
    timbo86 Posts: 161 Forumite
    Count me in please
    Save £1000 in 100 days 20th july - 22 oct - so far 25.00
  • hiya,

    this sounds like my cup of tea, great challenge! can you count me in?

    im not keen on betting but ive 2 things i would put my £10 on:

    £10 entrance fee for the local car boot sale next year (i think its usually around £10 or less for a car), it will be the first time ive ever done one & ive got plenty to sell so would love to see if i could make a profit.

    other idea which i use to do a while back, go to the local scrap yards spend my £10 on car radios which i can decode/fix and sell on,

    great thread cant wait to see how it goes :)
  • jenjade
    jenjade Posts: 8,418 Forumite
    Part of the Furniture Combo Breaker
    wow off to add names again there are loads of us now!
    :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
  • jenjade wrote: »
    painted lady if you end up with a house i will declare you winner!! lol

    I think money will have to be in you hand as it were at the end of the 6 months!

    Cool there are a few of use!
    Lol, I am not aiming for a house (but it wouldnt complain)
  • jenjade
    jenjade Posts: 8,418 Forumite
    Part of the Furniture Combo Breaker
    I would love the house. i will swap a pop of paper clips!! do you know where i could find that story? a few people have mentioned it and i think it would be an interesting read!
    :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
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