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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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Earlier in the year I won £15 playing Gala Bingo and earned an extra £12.50 cashback to make it a profitable and entertaining couple of hours. I found an offer today with another online Bingo site that was offering £50 cashback for signing up and playing through £50, plus they would match my deposit giving me £100 to play with.
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There is a £100m jackpot up for grabs tonight in the EuroMillions lottery draw and as they say ‘it could be you’. If only one ticket holder wins the jackpot it will the the world’s biggest ever lottery prize. I don’t normally think entering the lottery is a good idea as the odds are stacked up against you. In fact the chance of walking away with the £100m is 1 in 76,275,360 or in other words very unlikely. (more…)
Over the last couple of days I have signed up for another two online bookmakers who were both offering £25 free bets for wagering the same amount. In less than an hour I earned nearly £50.
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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.
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