Good Video Munk, I've watched a few of those at the bet trader site and nearly all of them make it all look too easy, rather liking picking money off the floor, and obviously they've got a product to sell so they want be positive about trading, so it's good to see one where they do show some of the reality of trading, and how it doesn't always go so well.
I do loke the BetTrader program but it seems to have gone wonky on my pc since I last used it last year so I'll try and sort it out and give it another go, probably on the Cricket.
Just FYI the trading challenge is back on now here:
Originally Posted by Eddie
everyone is welcome to take part if they want.
I had been betting for some years as a mug punter, but approx two years ago got fed up and have not really had many bets since. i like the idea of betting when the chances are in my favour so have decided to give it a go. my problem is that i only have a small pot, approx £150
I thought i would try to build my pot up using the 365 4/1 offer and the coral refund on losses in july. is this a good plan or can anyone give me pointers on other offers i should be doing.
currently i have £90 Betfair, £50 365 and £10 coral
and help or advice greatly appreciated
Hi paddy, welcome to TGT!
There are plenty far more knowledgable than I, but my 2 pence....
I don't think you have the funds to do the 4/1 offer as u need to use large odds.
I would suggest you withdraw out of 365 and coral. Do some of the books that only ever offer 25, stan James maybe? Match a qualifier at odds of around 2. U should then be able to use odds of about 6-1 on ur free snr and achieve about a 70% return. If you could add another 100 to ur starting float it would make it a lot easier...
I'd leave the bet365 4/1 offer just now as its pretty profitable, but you need a large float to make the most from it.
William Hill might be a good one to do if you dont have an account with them yet? They are doing regular offers as well as the sign up at the moment.
Andy just posted a new Sportingbet offer, which is £25 stake returned, so good for the small betfair balance.
Also, is Jaxx.com still £25sr?
Originally Posted by joop123
Having a small float is no the end of the World but you really need to not spend the winnings for quite a while to build it up to be able to make a regular worth while amount.
The Coral and Bet365 offers you mention are both good but as a % the Coral refund is 10%, so realistically with a £10 stake how much more than £1 do you think you will make? The exact same bet but for £100 would make you £10 though so more worth it, and if you are doing it Semi Pro you would be looking to get £1k on it (limits may kick in though) but still its the same bet, and you make £100. So its the same length of time taken looking for the bet, its just with a £10 stake you are not really going to make a worthwhile profit.
The BIG issue is a decent Betfair balance, it will not be the getting £100 on at Coral which will stop you it will be having the liability at betfair while you wait for the event to settle. With £150 you would do well to do one offer at a time, slow and steady basic ones and get it up to £500 or so before doing those reload offers I would say.
Try doing some smaller cashable bonuses which also have reloads, Betclick for example you could complete with your budget and back/lay to make some £s garunteed and they have reload offers too. Sportingbet have a £25 cashable bonus (ignore what it says on site it is cash really) you could complete. BetChronicle? There are quite a few really I cant list them all now, I dont know what you have/have not done before and so cant say where is next to go. But overall advice, you need a bigger bank roll to do the offers you mention, you can get it bigger but go back to basics and some of the smaller sign up offers to get there.
There is a pretty comprehensive list of sites here but it is based on how reliable/good odds/ease of use they are rather than how good the bonuses are:
You should be able to make over £3k from those at last check. There is much much more out there though, check on the forum, read through past threads, go back a month or two and see what was posted then and does it still apply? Read some of the diaries and/or the £400 credit crunch thread. All will have good ideas for you.
Basically though, you WILL need a bigger float to make it worthwhile, so growing that should be your first job. Dont spend a penny of it until you have £500 minimum. Do you have a moneybookers account? Get one, it is a very good way to ring fence your funds and it really does grow quicker that way.
P.S. I didnt move your post, but it is incredibly rare posts are deleted, if you cant find one of yours if you click on your name title there is a drop down box appears one of which is "show all posts by..." and clicking that will show your posts location.
Have a plan and stick to it
i was worried that by doing one of the £25 opening offers i could get tied up in wagering requirements, and with the limited funds it could take me quite some time to complete them. with the 365 offer i had hoped to gradually build up profits and increase stakes on the way.
thanks for the very helpful replies, i have been having a look around this site and with a bit of reading and study i could turn this into a very profitable venture. unfortunatly i have probably wasted some of the opening offers in the past but following the link on andys reply i was pleased to see that there are many many more that i can do.
I will make building my bank a priority and will be bugging you all for advice over the next few weeks and months
You can complete BetClick or Sportingbet with that budget. Example:
£25 in SBet and £125 in Betfair.
Assume initial odds of 3 (so actually you can do anything between 2 and 3 and assume always wins at SBet so wose case in terms of needing float) and exact match at betfair and underlay it for £20.
£25 at 3 at SBet wins, balance now £75 at SB and £40 loss at Betfair so £85 there now. Then SBet add £25 so now £100 there, put it on at odds of 2. Lay the £85 at odds of 2. It wins again you totally bust out of betfair but have £200 in SBet to take out, so £50 profit overall. OR it loses and you win at betfair, so £170 in there, £20 profit overall and quicker and easier to move on.
Thats assuming those odds and first bet being a winner, and that budget, I would do something like that. If you have different odds and/or dont want to underlay the first bet and want a more consistant outcomes use different stakes to lay. And aim for finding higher or lower odds as appropriate. There is no "right" or "best" way to set the bets up or hedge for, it is up to you, but it is perfectly possible to use your head and make the bets you chose fit your budget and still give positive Net results. Should your first bet there have lost you would be -£5 at that point but now have £170 at betfair so that second lay can be at longer odds and you still lock in £15+ at a minimum.
I am going on now, there is more combinations possible than we can go through, but basically use your head and you will be able to do it. People come a cropper sometimes if they have read a "guide" which had told them to just put odds and stakes into a spreadsheet and that tells you how much to lay, which is one way of doing it, but a strange way, and if you actually think and pick stakes best to you in your situation, then you will go much further.
It would be pretty difficult not to make £15 there, a lot of the outcomes are higher, and you started with £150 so still 10% return, then with your £165 do the next, 10% would net you £16.5 then, etc etc etc. And actually you will start hitting higher %s. £500 will be there in no time, then do two offers at once and/or reloads, and £1k will be skipped up to, and once at £1k hit them for fun at your leisure without thinking about managing your budget so much you can cover it no matter what.
Have a plan and stick to it
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