Grand National

kirsty_baird
kirsty_baird Posts: 132 Forumite
Part of the Furniture 10 Posts Combo Breaker
in It's gone, but was it any good?
Im not sure if this is the right place to post this but on the grand national if you bet using paddy power you deposit £10 and get £25 and on betfair deposit £10 and get £20 cashback they also both give free bets :)

Have fun!
«134567

Comments

  • FatAndy
    FatAndy Posts: 7,541 Forumite
    When I signed up for Betfair (via Quidco) a couple of years of so back I got £50 cashback for wagering £10 (and made a profit of about £4 as well!).

    http://www.quidco.com/betfair-com/
    http://www.quidco.com/paddy-power/
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  • wizzywig27
    wizzywig27 Posts: 1,536 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    what does this mean?

    £20 in Free Bets! For the Grand National 8th-10th April. Bet 5 times and Paddy Power will match your average stake up to a max of £10. Bet another 5 times and they will match it again up to the value of £10. That's two Free Tenners

    Can someone put it in simple terms please?
  • sarah1972
    sarah1972 Posts: 19,381 Senior Ambassador
    Part of the Furniture 10,000 Posts Homepage Hero Photogenic
    wizzywig27 wrote: »
    what does this mean?

    £20 in Free Bets! For the Grand National 8th-10th April. Bet 5 times and Paddy Power will match your average stake up to a max of £10. Bet another 5 times and they will match it again up to the value of £10. That's two Free Tenners

    Can someone put it in simple terms please?

    Place 5 seperate bets and they will match your average stake. So if your average stake is £5 they will give you a free £5 bet.

    Then bet a further 5 times and they will do the same.


    ie
    BET 1 £5
    BET 2 £5
    BET 3 £5
    BET 4 £5
    BET 5 £5

    You then get a free £5 bet

    BET 6 £5
    BET 7 £5
    BET 8 £5
    BET 9 £5
    BET 10 £5

    you then get another free £5 bet
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  • wizzywig27
    wizzywig27 Posts: 1,536 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    sarah1972 wrote: »
    Place 5 seperate bets and they will match your average stake. So if your average stake is £5 they will give you a free £5 bet.

    Then bet a further 5 times and they will do the same.


    ie
    BET 1 £5
    BET 2 £5
    BET 3 £5
    BET 4 £5
    BET 5 £5

    You then get a free £5 bet

    BET 6 £5
    BET 7 £5
    BET 8 £5
    BET 9 £5
    BET 10 £5

    you then get another free £5 bet

    Surely that way your losing money?

    Deposit £10, they give you £20 - you then bet £50, and then get £10 in free bets? add to that the £10 Quidco, thats a loss in my eyes? Or am I thinking wrong? :(
  • Retro_Bunny
    Retro_Bunny Posts: 650 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    edited 9 April 2010 at 5:08PM
    wizzywig27 wrote: »
    Surely that way your losing money?

    Deposit £10, they give you £20 - you then bet £50, and then get £10 in free bets? add to that the £10 Quidco, thats a loss in my eyes? Or am I thinking wrong? :(

    Correct - hence why Paddy Power are a very successful betting business who make a large profit each year, out of clever little marketing gimmicks like this.
    Overall you've got £30 in free bets, £10 quidco, but you've given them £50. Plus you've only able to withdraw the winnings from those £30 of free bets, which means you'll never actually see the £30 of free bets. Hence if you don't win the bets, they've given you £10, you've given them £50.
    It's a gamble... oh wait they are a bookmakers...
    --- Warning: Grumpy Old Man in Training ---
  • wizzywig27
    wizzywig27 Posts: 1,536 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Retro_Bunny wrote: »
    Correct - hence why Paddy Power are a very successful betting business who make a large profit each year, out of clever little marketing gimmicks like this.
    Overall you've got £30 in free bets, £10 quidco, but you've given them £50. Plus you've only able to withdraw the winnings from those £30 of free bets, which means you'll never actually see the £30 of free bets. Hence if you don't win the bets, they've given you £10, you've given them £50.
    It's a gamble... oh wait they are a bookmakers...

    Knew I was working it out right...so I wont be singing up to them, and Betfair seems better (a straight £20) but I am already a member :mad:
  • Retro_Bunny
    Retro_Bunny Posts: 650 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    wizzywig27 wrote: »
    Knew I was working it out right...so I wont be singing up to them, and Betfair seems better (a straight £20) but I am already a member :mad:
    ;) New Email Address, New Username ;)
    --- Warning: Grumpy Old Man in Training ---
  • Quiet_Life
    Quiet_Life Posts: 2,498 Forumite
    Part of the Furniture Combo Breaker
    Which web site would you advise for me, I want to bet on 4 horses in the national tomorrow but I only ever put £1 each way ( yea I know last of the big spenders), is this too small a sum to bet online?
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    across the chasm of your solitude.
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  • peirced_princess
    peirced_princess Posts: 699 Forumite
    I just joined Betfair, and went to put a bet each way and it said the minimum bet for EW (not sure about to win) was £2.00
    HTH x
  • Retro_Bunny
    Retro_Bunny Posts: 650 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    All Betfair bets, minimum is £2.00
    --- Warning: Grumpy Old Man in Training ---
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