sometime in the wee small hours of Sunday Morning I remember reading a fairly innocent post, with a link to a Bingo Bonus (ab)using site.. I’ve always known it was probably in my karma to have to play bingo but little did I know what that teeny little click was to mean..
When investing, a good portfolio manager will ask you about your “attitude to risk”, with Sports Investing of any kind of investing it’s perhaps more pertinent to ask what a person’s “attitude to loss” is. With any investment there will always be losses, shares can go down as well as up!
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
Yippee!! wasn’t going to do an End of Year report , but just a quick post as I not only reached my mini target of £1500 I smashed it – with £88 in 1 x week! ….. “if they won I got nearly twice the profit I would have done.. this technique is called “underlaying”. It paid off for me on both occasions, which is also lucky!”
Another average week, anything over £25 is not to be sneezed at, with the profit increasing by £57!
A breakdown of this just because and to show that very few ‘bets’ are actually going on:
Bingo – £18, Risk free Games – £25, 2 Free Bet offers – £14
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.
Had a bumper weekend last weekend (17th and 18th) ~ I hit a bit of luck on a freebie (no risk to me) slot game as well as managing to grab a rather profitable first time offer for text ‘betting’. .. unlike the usual adage of “if it’s too good to be true it usually is..” this one paid off
So sum total for last weekend was approx. £140! – Wish they could all be like that.
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