Ok so last week’s game v Ipswich worked out perfectly for us. The 3-0 victory brought us a £35.60 profit. It is frustrating when a bet comes in like that as we also laid the bet to cover ourselves. Had we just bet at Coral we would of been £120 up but of course that would have left the chance of losing money, which is definitely not one of our aims. Anyway this week I’m going to join PADDYPOWER who are also a very well known bookmaker with a good range of markets. The format is the same as that at Coral, a free £20 bet when you deposit £10 through this link.
So as mentioned once you have £10 in PaddyPower also place your previous winnings (from Coral after the Ipswich game – so withdraw the money from Coral) in your BetFair account. I’ve opted for £135.40 in my BetFair account as I had £4.60 already in there so I now have a total of a £140.00 bankroll.
At PaddyPower once logged in you want to view the odds as "Decimal". If they are not already you can change this using the option on the left hand side of the screen. Now you can select "Football Betting" then "Football Matches" and "Premier League" then Arsenal are 1.7 to beat Newcastle so click the 1.7 and a new bet slip appears in the top right. Place £10 on it and submit the bet (make very sure it is accepted). At this stage your balance will now jump to £20 which is a free bet PaddyPower have given you. Under Correct Score place the £20 free bet on Arsenal to win 1-0 at odds of 7. (Ed’s note – Do not know if this matters, but I was given the option of selecting ‘Use free bet’ underneath and I selected ‘£20 any bet’)
For information on joining Betfair see here.
At Betfair from the Menu on the left select "football" then "English" then keep going to the Arsenal v Newcastle match and chose "match odds" making sure you are viewing the full market. (Click to view back & lay) You can see that next to Arsenal are blue "Back" options and also a pink "lay" button. You want to lay Arsenal for £10 backers’ stake at odds of 1.72. This means you have a £7.20 liability if Arsenal win but if they don’t you get +£10 (So that’s the Draw or Newcastle)
Now select the correct score market and you can see the pink button on 1-0 at 8.6. Tick it and lay (backers stake) £14, this will have a £106.40 liability (Ed’s note – reads as ‘0-1’ on the list and had come in to 8 when I laid my bet, so I put £15 on instead of the recommended £14, making the liability £105. This is not an exact science but the principle will hold as the odds don’t shift that much before the game begins). Submit this bet (make very sure it is accepted).
Now by laying the outcome you have Net results across all bets of:
*Arsenal win 1-0
Match odds bet: -20p (+£7 at PaddyPower, -£7.20 at Betfair)
Correct score bet: +£13.60 (+£120 at PaddyPower, -£106.40 at BetFair)
Overall profit: +£13.40
*Arsenal win by any other score line
Match odds bet: -20p (+£7 at PaddyPower, -£7.20 at Betfair)
Correct score bet: +£14 (Lose £20 FREE bet at PaddyPower, win £14 lay at Betfair)
Overall profit: +£13.80
*If it’s a draw or Newcastle win
Match odds bet: 0 (10 lost at PaddyPower, 10 won at Betfair)
Correct score bet: +14 (Lose £20 FREE bet at PaddyPower, win £14 lay at Betfair)
Overall profit: +£14
As you can see I’ve opted to lock in a profit which is pretty much the same no matter what. For just a few minutes work we’ve been able to guarantee around £14 will be made. So after two weeks we will have banked near as damn it £50 profit on our £100 initial outlay, 50% return with no risk. Remember though that odds do change so just vary the stake accordingly and make sure you are betting on the correct markets. Come back next week to see the next bet and the strategy we will use to extract value from it. As our bankroll grows we will begin trying new strategies on new markets to ramp up the profits but it is all variations on the theme, “Why gamble when you can win?”
(Ed’s note – remember this is a scheme using online gambling website’s promotions to work the system and make profit. It will take time, but the £100 you initially invest will eventually turn into a profit of £1000. Won’t happen overnight, but probably worth a few minutes of your time each week. I am doing this with my own money, so stand to lose as much as anyone if it doesn’t work out, but I have every confidence it will. The gambling sites offer these promotions in the hope that you will be tempted to gamble outside of the system being used here (and lose). However, if you have reservations, simply stick to the system, place no other bets and then walk away once you have made your £900 profit. Always, always remember that you should never risk more than you can afford to lose, even if the maths being used in this system should insure you against any long term losses)
