Banking Crisis! I’ll stick to Matched Betting thanks

The last couple of days has seen unprecedented turmoil in the global banking industry and there may well be worst to come. Firstly Lehman Brothers files for bankruptcy protection, then Merrill Lynch is taken over by Bank of America to prevent it going the same way, before AIG are propped up by the US taxpayer and back here in the UK HBOS are taken over by Lloyds rather than join Northern rock on the governments books.

So with all this turmoil in the financial markets I am sticking to the sports markets for my investments as I continue matched betting, this time signing up with another bookmaker that is offering a £50 free bet in return for wagering £25 first.

The first bet was setup on the Spurs v Villa game with the following possible outcomes:

Of course true to form Spurs lost so I was up at Betfair and had lost my deposit with the bookie. Once the first bet had settled the £50 free bet was credited to my account and I used it on Liverpool’s Champions League game against Marseille with the possible outcomes being:

I won £32.89 at Betfair as Liverpool beat Marseille 2-1, less the £1.01 that was lost on the qualifying bet I had made a profit of £31.88 for less than an hours work. So all those jobless investment bankers might want to look at matched betting to tie them over until the investment bubble comes along!