Help needed...!

[Dave1982]

Hi,

I need some help (dare I say a strategy?!).

I don’t bet often and I opened an account last week to bet on the boxing – not a sport I know a lot about, but didn’t see how Mayweather could lose. The account (with Winner) I opened offered a ‘free bet’ (you can see where this is going), which I took and also wagered on the boxing. I understood that there would be stipulations on the ‘free’ bit, but I thought that it would separate my money and the free element (I’m sure that’s what has happened on similar other accounts I’ve opened). But it actually means I can’t extract any cash until I meet their wagering requirements, which is annoying.

My pot stands at about a grand, on the basis of the boxing and an 11/1 bet I made on WI beating England in the cricket (the only sport I follow very closely, and know a lot about).

So the exam question is; what can I bet on that will erode the pot as little as possible, while meeting their wagering requirements? I accept there will probably be some losses.

Their wagering requirements are:

·        I have to put £3.2k through the account

·        Bets have to be £50 or less (so I can’t just make a couple of high stake bets). So it will need to be a minimum of 64 bets (I haven’t made that many sporting bets in my life)

·        Bets have to be on things that have odds of between 2/1 – 11/1. So can’t be total certainties.

·        They have to be on different sporting events (so I can’t make lots of £50 bets on the same game, or race, even if they are on different things about it)

·        They have to be on sports (not casino etc, otherwise I would put 64 x bets on ‘red’ on roulette, and accept that the 0 would erode a few per cent over the period)

I therefore need some advice on sporting events that could enable me to do the above without losing too much. I need sport with enough ‘churn’, ie enough events that I can place 64 bets that doesn’t take years! I know about Test cricket, but that will take a decade – there just aren’t enough games!

My initial thought has been horse racing (I know nothing about horses). I’ve been finding races where there are one or two big favourites (even big favourites do seem to be evens or longer odds) and betting £50 on them. The favourites do seem to be favourites for a reason, and tend to be close to winning.

Any other ideas?

 

Thanks in advance.

Ps. I appreciate this might be something that has been discussed ad nauseam on here

Pps. I also appreciate I should have read the terms and conditions properly.

[Pirate53]

Hi Dave,

Have been in your position a few times in the past! The best way is to extricate the money gradually by losing at the bookie and winning at an exchange. You may end up losing 1 to 5% or so of it in commission but there are countless arbs out there to back and lay without loss or even a small profit. Look at Odds Monkey to find arbing opportunities. Hope this helps.