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Matched betting is still proving very lucrative with opening two new online betting accounts and one offer from an existing account helping me to make a £46.32 profit over the past week. This takes my total profits from gambling this year to over £500.
£46.32
The oncoming recession seems to have had little effect on online bookmakers as the introductory offers encouraging users to sign up remain very good. So good in fact that I took advantage of another one of these offers last weekend.
This time they were offering a £50 free bet after the first £50 qualifying bet which I turned into a £30.70 profit using the matched betting technique. Then by placing a further ten £10 bets I received another £50 free bet which I was able to match out for a £32.27 profit.
£70.59
More Champions League action tonight saw Bordeaux take on this years surprise package Cluj in Romania. I couldn’t resist the urge to take advantage of another matched bet, this time offering to match my £25 qualifying stake by effectively doubling my first bet.
£35.60
After throwing away a £20 free bet on Sunday I was keen not to dwell on my mistakes and get straight back into matched betting with £80 worth of free bets still up for grabs from the same bookie. This time I made sure to double check and then triple check everything just to be sure there would be no more mistakes.
Thankfully everything went to plan this time and I was able to extract a £58.81 profit from the £80 worth of free bets. Whilst a return of 73.5% may not be the most spectacular return I have achieved from matched betting it does at least mean I am back on the bike after falling off on Sunday (figuratively speaking at least).
£58.81
I had a £20 free bet to use today and getting up early to watch the Chinese Grand Prix I was keen to use it straight away. Normally I would be expecting a 75% return on free bets where the stake is not included in any winnings (known as SNR) so I should have been looking at a profit of about £15.
However in my rush to use up the bet I threw my money on Hamilton to win the race at odds of 2.00, with a lay bet being placed at the same odds. Unfortunately this was my first mistake as when free bets are SNR you really want odds of around 6.00 to maximise the return. Although as it was I could still expect to make a profit of £10, i.e. a 50% return. But I didn’t stop there….
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