Thursday 12 January 2012

Chapter 7 - Victor Chandler

So my next move was to bet £25 at Victor Chandler in order to open up a £25 free bet offer. I bet £25 that Dundee would beat Aberdeen at odds of 2.00 and placed a lay of £24.63 at odds of 2.08. However, Dundee did not win so I lost the £25 at Victor Chandler but gained £23.40 at Betfair - an overall loss of £1.60.

For the free bet I bet £25 that the match between Espanyol and Barcelona would result in a draw, at odds of 7.0. I then placed a lay of £20.89 against the draw at odds of 7.2. The match indeed ended up in a draw so I won £150 at Victor Chandler but paid out a liability of £130.07 at Betfair, leaving me with a total of £19.93.

Alas, winning at Victor Chandler meant I had to stake at least 4 times my promotional bonus before I could withdraw my winnings - I had hoped to avoid this... Having gained £25 free cash this meant staking £100. Firstly I bet £50 that Angers would beat Monaco at odds of 2.05 before placing a lay of £49.04 against Angers at odds of 2.14. Angers won indeed so I won £102.50 at Victor Chandler but paid out a liability of £55.66 at Betfair, leaving me with an overal loss of £3.16.

To reach a total stake value of £100 I had to place another stake of £50. I bet that Manchester City would beat Liverpool at odds of 2.2 and placed a lay of £49.33 at odds of 2.28. In the end Manchester City did not win so I lost the £50 at Victor Chandler, but gained £46.86 at Betfair. This left me with an overall loss of £3.14.

Profit from this chapter: £19.93 - £1.60 - £3.16 - £3.14 = £12.03

Overall profit: £90.48 + £12.03 = £102.51

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