dannyb1000
Player Valuation: £225k
Sporting index: Now this is not matched betting but they do an attractive offer I reckon I can do without risk! The offer is basically get a new account, and make 5 bets which could win or lose at least £20 and you will get either £100 cash, or £300 free total goals bet.
The way spread betting works is the bookmaker estimates the exact number of, for example goals. In the City v Tottenham game their spread is ‘Sell 2.6 – 2.8 Buy’. So if you ‘sold’ with a stake of £10 and there was 5 goals you would lose (5.00- 2.6 = ) 2.4 x your stake, so £24.. if you bought at 2.8 with £10 and there was 2 goals you would lose (2.00 – 2.80) = 0.8 x £10 is £8.. to win obviously there needs to be more goals than you bought for, or less than you sold for.
Now I’ve read that the risk is in that things can run away, so say you sold 2.6 goals and there was some how 8 goals, you have lost 5.4 x £10 so £54. To stop this I figured you always ‘buy’. This way your losses are limited to their being 0 goals, you cannot lose more. Therefore if you buy 5 events which could lose you £20, you effectively start on - £100, and then for every goal/ booking/ corner or whatever that occurs, you start to be losing less. The idea would be to lose as little as possible or even make money. The worst case scenario is that there are somehow no goals, bookings, corners, etc in the game and you are £100 down, you get £100 cash and are even.
I’m waiting for some withdrawn money to get into Moneybookers then I should be able to do this today.
The way spread betting works is the bookmaker estimates the exact number of, for example goals. In the City v Tottenham game their spread is ‘Sell 2.6 – 2.8 Buy’. So if you ‘sold’ with a stake of £10 and there was 5 goals you would lose (5.00- 2.6 = ) 2.4 x your stake, so £24.. if you bought at 2.8 with £10 and there was 2 goals you would lose (2.00 – 2.80) = 0.8 x £10 is £8.. to win obviously there needs to be more goals than you bought for, or less than you sold for.
Now I’ve read that the risk is in that things can run away, so say you sold 2.6 goals and there was some how 8 goals, you have lost 5.4 x £10 so £54. To stop this I figured you always ‘buy’. This way your losses are limited to their being 0 goals, you cannot lose more. Therefore if you buy 5 events which could lose you £20, you effectively start on - £100, and then for every goal/ booking/ corner or whatever that occurs, you start to be losing less. The idea would be to lose as little as possible or even make money. The worst case scenario is that there are somehow no goals, bookings, corners, etc in the game and you are £100 down, you get £100 cash and are even.
I’m waiting for some withdrawn money to get into Moneybookers then I should be able to do this today.
