Posts Tagged "investment"

image: scales

Matched Betting ROI – Return on Investment

I started this wee project on 11/07/12 with a “float” of £350 – I have since “repaid” that float back to whence it came and the figure I present to you today of £1915 is pure profit that is an ROI, in 8 months, of nearly 550% – I have no doubts – this percentage return will not scale

image: profit analysis

Could I have made more money underlaying?

I’ve also re-analyzed the bets I’ve made since August to see what would’ve happened if I didn’t lay them off at all – not risk free!! … interestingly enough this re-analysis showed that I would have made £250 more over the offers I’ve bet on – which is about 33% up on what I have made

image: target reached

Mini Challenge over, Target reached

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.

Andy Murray achieved his first major aim this week, I'm more determined than ever to keep at mine!!

Aim #1 – plus £70

I will not bet (invest) into a sporting event that I get too emotional about.. i.e. the Andy Murray US Open victory, offers were flying at me left right and centre for this match, but because I couldn’t work out the best way to use them along with the few bookies I have & I had the “I want him to win” mentality.. then I just left well alone – there will be another day