Breaking Through, Travelling On

Karmacat

I really shouldn't be allowed out on my own I placed the skaye bet, but much too quickly because I was working on a match thats tonight, and there wasn't much money left at the exchange for what I wanted to get matched. I didn't input the right sum to lay (it wasn't out by much, thank god) but I got the match at very slightly worse odds. I broke the website at one stage I swear, I'm only going to do matched betting when its 24 hours in advance.

ZTD

Karmacat wrote: »

The Firestarter (Financial Independence) bloke has introduced me to another one http://financiallyfreebyforty.blogspot.co.uk/ high dividend share income. As far as I remember, shares that pay high dividends are especially recommended in tough times, so I'll be following this guy in particular.

Just remember that high-yielding shares are high-yielding for a reason. They are often better coming out of tough times, rather than going into them.

Karmacat

I really was a complete prat over this matched bet today ... threw it away completely, it lost at the bookie, and I came out 16p worse off at bet fare. I rushed myself so badly, I'm lucky thats all I lost

Must do better!

edinburgher

Don't worry KC, it happens to the best of us, I lost £1 on a supposedly low risk slots offer that was meant to make me a fiver yesterday

So what went wrong and are you using Ultimatcher or Trickyb3t for your calculations at this point? For popular sports like football, you really should be using Sm@rkets or M@tchbook, there's no need to pay 5% when you can pay 2% or 1.xx%, is there?

I get very confused by all these dividend growth investors. They have to become stock pickers and have portfolios that typically have a massive home bias and concentration in one or two sectors. What's wrong with just investing in a global index and selling some stock every year? It's essentially the same thing in terms of income, there's no mucking about buying shares and it's cheaper to run.

The 'hunt for yield' (or similar catchphrases) for years now. I see the appeal of dividends trickling in (I imagine these people are the Tilly Tidyers of the investment world), but it just strikes me as a PF blogosphere trend at the moment.

Also confused how the blogger you've linked to counts home equity as a credit, but not his mortgage as a debit :rotfl:

Karmacat

edinburgher wrote: »

Don't worry KC, it happens to the best of us, I lost £1 on a supposedly low risk slots offer that was meant to make me a fiver yesterday

So what went wrong and are you using Ultimatcher or Trickyb3t for your calculations at this point? For popular sports like football, you really should be using Sm@rkets or M@tchbook, there's no need to pay 5% when you can pay 2% or 1.xx%, is there?

Thanks ed! When I rush, I get things wrong, thats all there is to it. I didn't input the lay amount correctly, I wanted a lay of almost £20 when there was only £24 there (and I didn't get it all!), and I think something else must have gone wrong too, I'm not sure what. Two conversations on live chat, and not really any the wiser. Take my time in future!

I used the little matcher macro I've always used - there might be an up to date version, I suppose - and I was just thinking I'd use bet fare a couple of times a month to keep the account going. Regularly, its sm @rkts, yes.

I get very confused by all these dividend growth investors. They have to become stock pickers and have portfolios that typically have a massive home bias and concentration in one or two sectors. What's wrong with just investing in a global index and selling some stock every year? It's essentially the same thing in terms of income, there's no mucking about buying shares and it's cheaper to run.

The 'hunt for yield' (or similar catchphrases) for years now. I see the appeal of dividends trickling in (I imagine these people are the Tilly Tidyers of the investment world), but it just strikes me as a PF blogosphere trend at the moment.

I'm not ready to dip my toes back in that water any time soon, but what I might do is set up a couple of virtual portfolios, and see how it goes.

Also confused how the blogger you've linked to counts home equity as a credit, but not his mortgage as a debit :rotfl:

This cheered me up tremendously :j thats exactly the sort of mistake I made with the m.b. yesterday :rotfl::rotfl::rotfl:

Karmacat

Right, another day, another dollar. So:
- email to prospective client.
- order £3 Amaz ooonie vouchr from swaggers
- 3 hours client work
- Asda order due 5 - 6.
- one last look at the book, then ...
- off to sign the kindle agreement!!!

Must check the chapters written at the front too. And take some piccies. I've made 3 mistakes in a row, so there won't be any more now: locked myself out, m.b. mistake yesterday, and one that I didn't share previously I left the hot water on for 4 days instead of putting it on for half an hour when needed. It was on when the heating was on. So thats it, from now on, I'm perfect

edinburgher

I recommend Trickyb3t as it's good for situations like the one you've described. In a situation where you 'run out' of liquidity at the original lay rate (say you get most of a bet layed at 2.1 and it changes to 2.5), there is nothing to stop you laying additional funds at a different rate.

The 'advanced bet' tab on Trickyb3t allows you to enter details for existing lays (i.e. £10 @ 2.5) and will then spit out a figure for how much you need to lay based on the new lay figure. Granted, your profitability goes down, but for situations where you can lay almost all of your bet at a decent rate, I find that it's usually easier to do this than finding an entirely new bet.

It can also be a useful feature to use when you've placed the wrong lay, as you can backtest different scenarios for fixing things

I think the chappy on the blog may have excluded his mortgage debt because he's only one of two parties paying it, but I'm not sure, I honestly can't say that I've read enough of his blog to be sure. All I know is that mortgage debt is the one thing that pulls us into negative net worth, so I would always include it. It's a depressing thought that so many of our six figure mortgages probably mean that we're technically worthless :rotfl:

Karmacat

Wow! I think you have a much greater *understanding* of the maths behind it all than I do, ed, to be honest. I can understand the general principle of course, but beyond that I just follow instructions. Taking the initiative to lay extra dosh elsewhere ... not a clue. I've got a good wodge of time on Monday, I'll investigate it properly then. I appreciate you taking the time to respond here, I really do

Watty1

eeekkk in awe of you starting up the matched betting

Cheery_Daff

I too am in awe of those brave enough to do matched betting!

You've also reminded me that we now have the facility to switch between heating and hot water - but I've just left the lever open so the hot water is on ALL the time when the heating is on... Wonder how much difference that makes to gas bill?! We're getting a smart meter installed tomorrow so I suppose we could find out!

VERY exciting news that you're signing your kindle agreement! :j :j :j Well done you! :j