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Closing out my first matched bet

I used my £20 free bet that I qualified for after the Portugal v Turkey match on tonight’s game between Greece and Sweden. I backed a draw with the bookmaker and lay against this result on Betfair with the following possible outcomes:

  Betfair Bookmaker Total
Draw -£28.92 £42 £13.08
Greece/Sweden win £13.08 Free bet £13.08

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Holland comfortably beat Italy (and I beat the bookies too!)

Holland brush Italy aside in some style tonight beating them three nil with a very impressive attacking display. Whilst tonight’s game really could have gone either way before kick off, the outcomes of my betting on the game was far more predictable. That’s because I had a £50 free bet from the bookmaker that I registered with yesterday that I used to back Italy. Then to ensure that I won money either way I lay against Italy with Betfair again. This meant the possible outcomes tonight were:

  Betfair Bookmaker Total
Italy win -£46.53 £80 £33.47
Draw/Holland win £29.47 Free bet £29.47

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Matched bet set up on Germany v Poland

There was no sign of my free bet from yesterday so I signed up with another bookmaker that was offering a £50 matched bet for new customers. This time I bet on the battle between Germany and Poland with £50 going on Germany to win with the bookie and the lay bet against Germany being staked with Betfair.

The possible outcomes for this match were:

  Betfair Bookmaker Total
Germany win -£28.08 £28.57 £0.49
Draw/Poland win £49.40 -£50.00 -£0.60

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Setting up a free matched bet

I used the Portugal v Turkey game today to set up a matched bet by taking advantage of an online bookmakers signup offer. I deposited £20 in my new account and bet this on the game being a draw at odds of 3.5. I then lay against the game being a draw on Betfair at odds of 3.55. So the possible outcomes were:

  Betfair Bookmaker Total
Draw -£51.00 £50.00 -£1.00
Portugal/Turkey win £19.00 -£20.00 -£1.00

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Euro2008 kicks off with a £2.40 profit

Euro2008 kicked off today without England so to make the tournament more interesting I am going to see how much money I can win throughout the tournament. Decided to start off slowly with a free £3 bet from bluesq.com that I bet on the Czech Rep to beat Switzerland in the opening game. This netted me a £2.40 profit for risking none of my own money.