I opened my betting email account to find an offer from one of my bookies for a 50% deposit Bonus on Bingo, typically bingo bonuses are no longer risk free. They used to be in the past when there was a sub culture of “Bingo Bonus Baggers” who would get a bonus, play through it, and withdraw whatever winnings for free..
In the end I did make the target and I calculated that I’ve turned over £1.8K in trades in 2+ weeks and made a profit of £7 on the trades + the £25 ‘prize’ for a total of a free £32, It probably could have been slightly more but I did make some other mistakes along the way – though making mistakes and still making a profit is fine by me.
Just last night on that washed out England game I’ve had to take a loss of about £4 . I wanted to explain this because this highlights where the “risk” does come into this matched betting lark. I had a trade in place on this match, which as we all know got called off far too late, the bet I had with the bookmakers was voided and the exchange where I traded it off honoured the bet so in short I had an UN-matched bet.. not good!
But there’s a gotcha, I don’t know If I’ll reach this target so I’m setting myself another goal and that is to not make a loss on the qualifying trades. It would normally be expected to make a few pennies loss on each qualifying trade, but worth it because the prize is greater than the loss, however in this case because I’m not sure I can turnover enough to reach the target, I’m making it harder for myself and using it to practice research skills.