I am feeling pretty pleased right now as I decided to take another "free" £5 from Betfair. This time I had to place a £5 bet on any horse race in the next week to be credited with the "free" £5. In a similar fashion to my last "free" bet (http://sceaga.blogspot.com/2007/02/gambling-betfair-free-bet-finally-pays.html) I have to deposit £10, but it always seems a no brainer for me, as I get a free shot at winning some money.... or maybe I am just a sucker for Betfairs marketing ploy!
Looking at the horse races, I found a race with only 6 runners and two clear favorites. Checking Sporting Life's predicted odds for the race, one horse in particular stood out as 5/4 favorite (2.25 in decimal odds) but on Betfair it was currently showing as 3.3, with the other horse at 2.8, so stuck my £5 on that one. Checking the race results after the race, my horse was 4th and had not improved very much on the odds either ! (the horse at 2.8 odds won) Just shows how much faith to put into the predicted odds I guess
I was not too despondent as I had a shot and still have my £10.... but wait, I have got £15 in my account.... not sure why but Betfair have credited me £10.... must be my early birthday present, so decided to use it :-)
My previous experience (http://sceaga.blogspot.com/2006/06/gambling-how-to-go-bankrupt-with.html) has shown me to only gamble on what I know..... I was thinking about using my Greyhound "system" again, but that had lost my money last time... betting on Horses I do enjoy but takes a long time to prepare (to do it properly) .... it is the end of season matches now, so Football started to draw my thoughts (despite my terrible record on football bets!).... but in the end was curious enough to look at the Zero Roulette in Betfairs casino. Basically it is online roulette but without the zero on the wheel.... seems a good investment as I know about roulette :-)
I am a little uncertain how Betfair make any money with these "Zero" games, but decided to transfer in my funds anyway and have a go. The one drawback I found was the minimum bets were quite steep (for a limited bankroll like mine) but ended up staking £10 on the first spin and collecting £15, and managed to repeat this trick on the 2nd spin as well.
As I believe discretion is the better part of valour (and also believing my luck will not hold out much longer!) , decided to withdrawn my entire £25 and so ended up with £15 profit on the deal :-)
Overall I think the "free" bet is a great idea and am definitely a sucker for it, but it has been kind to me overall and have managed to luck into turning a profit most times (I would previously have dropped the whole lot on stupid bets afterwards ) This time round I think I was quite sensible about what I did with my balance (although some may argue that withdrawing my £10 would been an even better idea rather than playing roulette !) so will be pleased for Betfair to give me another opportunity for "free" money in the future :-)
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