Friday 2 March 2012

Chapter 33 - Expekt

Another bet I did was with the bookie Expekt. They were offering to give me a free bet of £50 once I'd deposited and bet £100.

I started off my depositing £100. However, when using my (debit!) card I noticed that Expekt charged a 2.5% fee - this meant that to deposit £100 I had to deposit £102.50 - a small loss of £2.50.

For my qualifying bet I bet £100 that Shrewsbury would beat Hereford at odds of 2.10, and placed a lay of £100.48 against Shrewsbury at odds of 2.14. I won this bet so won £210.00 at Expekt but paid out a liability of £114.49 at Betfair, leaving me with a loss of £4.49.
My account was next credited with a bonus of £50. I tried to bet £50 that the correct score in the match between Internacional and Juan Aurich would be 1-0 at odds of 7.0 - however, Expekt only matched my bet to £35 and left £15 pending for consideration. To balance out the £35 that had been matched I placed a lay of £34.27 against a 1-0 score at odds of 7.2. I did this because the figures generated by Expekt indicated that the bonus was SR. Expekt did not match the remaining £15 from the free bonus. I lost this bet so received a payout of £32.56 at Betfair.

I still had £15 from the free bonus left. I bet £15 that the correct score in the match between Villarreal and Granada would be 0-0 at odds of 11.0 and placed a lay of £14.41 against a 0-0 score at odds of 11.5. I lost this bet so received a payout of £13.69 at Betfair.

However, the terms and conditions of the promotion at Expekt required me to roll over the bonus. I tried to place a £50 bet but Expekt could only match it to £14 - I therefore placed a £14 bet that the correct score in the match between Bologna and Fiorentina would be 0-0 at odds of 8.0 and placed a lay of £13.41 against a 0-0 score at odds of 8.4. I lost this bet so lost my £14 at Expekt, but received a payout of £12.74 at Betfair, leaving me with a loss of £1.26.

I then placed a bet of £36 that FC Basel would beat Bayern Munich at odds of 6.5 and placed a lay of £34.67 against FC Basel at odds of 6.8. Alas, I won this bet so won £234  at Expekt - however, I paid out a liability of £201.09. This left me with an overall loss of £3.09.

However, I still had to rollover more money! I bet £200 that Leicester would beat Derby at odds of 2.15 and placed a lay of £200 against Leicester at odds of 2.2. I won this bet so won £430 at Expekt - however, I paid out a liability of £240 at Betfair, leaving me with an overall loss of £10. Not pleased.

My next bet was to bet £100 that Leeds would beat Portsmouth at odds of 2.35 - but Expekt would only match my bet to £5! I placed a lay of £5.09 against Leeds at odds of 2.36. I lost this bet so lost my £5 at Expekt, but received a payout of £4.84 at Betfair, leaving me with a loss of £0.16.

I then bet £95 that Dundee Utd would beat Hearts at odds of 3.1 and placed a lay of £96.56 against Dundee Utd at odds of 3.1. I won this bet so won £294.50 at Expekt - however I paid out a liability of £202.77 at Betfair. This left me with an overall loss of £3.27.

Profit from this chapter: £32.56 + £13.69 - £4.49 - £2.50 - £1.26 - £3.09 - £10.00 - £0.16 - £3.27 = £21.48

Very dissapointing!!

Overall profit: £393.33 + £21.48 = £414.81

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