Betdaq: The Other Exchange
Now that I'd got my Betfair balance up a bit, I decided to have a go at the Betdaq matched bet. The beauty about this one is that the profit can be locked out after just one bet, as the offer is a no-lose. I'm going about this slightly differently, because of the lure of Quidco. I'll explain.
Quidco offer £20 cashback to all new accounts at Betdaq, where you deposit and risk at least £30. The Betdaq no-lose offer is subject to a maximum bet of £20. If I were to stake £20 and lose my first bet, I would receive a £20 free bet and no cashback. However, if I stake £30 and lose the first bet, I would receive a £20 free bet plus £20 quidco cashback - in essence I've lost £10 of my stake but gained £20 from Quidco, so a net gain of £10. Confused?
Thanks to Quidco and matched betting, I'm locking in a minimum of £20 profit, from a £30 stake. Normally in matched betting, the aim is to lose at the bookie and win at the exchange. That way your Betfair balance rises which means you can avoid depositing large sums of money out of your bank account to cover any liabilites. In this instance, it would be preferable to win the first bet at the bookies (Betdaq) as my stake is larger than the free bet should it lose. Therefore I won't be rushing this offer - my first bet will have to be on something I think has a very realistic chance of winning.
Another benefit of doing this now is that Betdaq is running a reduced commission until the end of March - it will take just 2.5% of per-book profits, instead of the usual 5%.
Paddy Power: The Profit
The profit match for the Paddy Power bet today was Inverness CT vs Morton. The draw was available to back at 4.2 (little over 3/1) and to lay at Betfair at 4.4 - a nice little arb.
Total profit from Paddy Power: £13.97.
Vernons: £20 risk free bet
Fantastic offer here!
Vernons.co.uk offer a 100% signup bonus, to a maximum of £20 that is delivered in two parts. The first part, 50% of your stake must be played on the Instant Win section - I chose Blackjack. The second part, a further 50% must be used on the lotteries section - Irish Lottery pick 3 win £500 for me!
The best bit about the offer is that you play with your bonus money first. In Blackjack I was unlucky and only won two hands. Staked £10 of bonus and got £2 profit back. In the Irish Lottery, I did ten 3-number lucky dips, which if any match, win £500. Fingers crossed. Again, it just used my bonus money.
After literally three minutes work, I'd made £2 profit and withdrawn £22 to my card. Hopefully after Saturday's Irish Lottery draw I'll be withdrawing a further monkey.
If that wasn't enough Quidco offer a very attractive £15 cashback for all new accounts at Vernons when staking a minimum of £10. Hopefully the website will be daft and think that the £20 bonus stakes count towards quidco's tracking requirement. If not, I'll have ten more lucky dips on the Irish Lottery and make just £5 profit.
This really is an offer everyone should take advantage of, a £20 risk free bet!