"Investing" money into betting

rictus123

Taking a risk at losing all of what i invest but looking at putting £2,000 into betting account and seeing how i get on. Massive football fan so i wont be blind betting.

Bank account returns 4% a year gross and thats "good"

Il be setting little targets of 10% a month. Which obviously will get harder as i go along,yet same % of bank needing risked for same % return.

10% a month on £2,000 tax free will see the bank grow to £6,275 +

May make this a side challenge for 2012, i am on the save 12k in 12 challenge but going for £15k. With this included i could get it upto £20k.

Anyone do/done this before? I know 99% will say dont do it but its my money and i am choosing to risk it for a better return than the banks.

rhianna99

If you want to make money from betting, try matched betting, have a look on gambling introductory offer loopholes on this forum, its almost zero risk, and some of the posters have made thousands, I did the straightforward offers but it got a bit complicated after that, im still very grateful for the £2,500 I made though.

Straight out gambling is not a good idea, you are working so hard to save money, dont risk it.

Good luck

Voyager2002

rictus123 wrote: »

Taking a risk at losing all of what i invest but looking at putting £2,000 into betting account and seeing how i get on. Massive football fan so i wont be blind betting.

Bank account returns 4% a year gross and thats "good"

Il be setting little targets of 10% a month. Which obviously will get harder as i go along,yet same % of bank needing risked for same % return.

10% a month on £2,000 tax free will see the bank grow to £6,275 +

May make this a side challenge for 2012, i am on the save 12k in 12 challenge but going for £15k. With this included i could get it upto £20k.

Anyone do/done this before? I know 99% will say dont do it but its my money and i am choosing to risk it for a better return than the banks.

Before you stake any real money, set up a 'shadow' account. Make notes of exactly what bets you would make, and after the event honestly record your wins -- and losses! Continue with this for at least a couple of months.

lincroft1710

Voyager2002 wrote: »

Before you stake any real money, set up a 'shadow' account. Make notes of exactly what bets you would make, and after the event honestly record your wins -- and losses! Continue with this for at least a couple of months.

This is an excellent idea, although I would suggest doing this for at least 6 months.

nathand_2

There's a difference between investing and stupidity. This is pure and simple gambling, regardless of how much knowledge of football you have. Try matched betting for a risk-free alternative.

stevedirtycash

I invest in horse racing for a living now days since i lost my job , a couple of years ago . its sometimes stressfull when you keep on losing but its like a roller-coaster ,

Annisele

10% a month is not a "little" target!

shinyahashimoto

Would agree with the other posters re: testing it out. No harm in putting on 50p or £1 bets for 2 or 3 months and see if you are at a profit or loss. I've looked at the matched betting, seems abit complicated!

DS4215

10% in the first month is £200. I've just made that in 6 weeks matched betting with a much lower starting point (having float tied up until bets cleared).

You should be easily able to do that or more - £50 deposit on a new account at Ladbrokes/Bet Fred/etc, sign up at Betfair gets you a free bet (check for cashback before signing up). Arb the first bet (back and lay) for a small profit at one or the other then repeat with the free bet to get as much of it back as possible (80% of the free bet is easily do-able). Thats 1/3 of the way there in one paid and one free bet....

If you ignore that advice and go for gambling then do a lot of research. Find a system then run it for a month on paper. If it shows a profit see if you can refine it - see what happens if you change the staking plan, selection criteria, etc until you find something that works consistantly. Then, start with small stakes - even with £5 stake you should be able to make a £10 profit each day with the right system. Learn how to maximise your profits... and minimise your losses.

Remember that 10% per month (£200) can be one £2000 bet on a 1.10 shot (that could lose the lot) or 100 bets winning £4 each and 100 bets losing £2 each. Its a lot easier to be right 50% of the time than it is to be right 100% of the time. Especially where large sums are concerned.

paddyrg

I would urge you to only gamble against other gamblers, 'the house' will always win in casino games. Other gamblers may be reckless, but casinos and bookies know exactly what they're doing.

HappyMJ

shinyahashimoto wrote: »

Would agree with the other posters re: testing it out. No harm in putting on 50p or £1 bets for 2 or 3 months and see if you are at a profit or loss. I've looked at the matched betting, seems abit complicated!

Keep reading. It'll click eventually.

Back a horse to win at a bookie. Let's say stake £10 at odds of 10-1. Potential return £110.

Back that same horse to not win on an exchange. Lay £100 to win £10. Potential return £110.

It's called laying and you will usually lose a couple percent of the stakes due to commision and the differences in odds.

You will win one of the bets the horse can only win or not win.

Get a free bet at the bookie and repeat but slightly differently.

Back the free £10 at odds of 10-1. The bet is stake not returned so the potential win is £100. Lay £90.91 at odds of 10-1 to win £9.09 for a potential return of £100. No matter what happens you will be £9.09 up in profit. With horse racing that could be in half an hour or so. Football is much easier to start with as the odds are more static. Later that can be done with much larger stakes. I would recommend only starting with £10 bets first then do the bigger offers later once the float is bigger and can handle it.

To successfully complete the above bets you would need at least £200.91. The first bet could win and you will need another £91 in the exchange to complete the second bet. If both bets win the balance at the bookie will be £210. If both bets lose the balance at the exchange would be £210. 4.5% return in half an hour....not bad....