The past year   Leave a comment

I have been somewhat quiet over the past Twelve months in regard blogging however business has still be dome with online Bookmakers.

Matched betting has been the main victim of my apathy and has been limited to a few small reload offers and the Bet365 £50 offers.

Casino’s however are a different story. With Williamhill pushing their slots and recently Coral and Betfred following suit, there have been plenty of risk free offers around. These have made me a fair few quid and have steered me to take offers that hold an element of Risk. I have found out two things from playing with online Casinos in the past year.

  1. There is money to be made. 
  2. Casinos are addictive!

Casinos have made me money, no question, I have stuck to small offers and played the offers as risk free as I can. Resulting in some serious grinding at low stakes. If I were to quantify the ROI it would be a complete guess, however as a guide I would say I have deposited in the region of £500 over the space of the year and cleared £750 profit. So my guess would be an ROI of 150%. However it should be more I have probably thrown away £250 due to the addictive nature of Casinos.

Their addictive nature is something to be cautious of, it sneaks up on you, entices you to play for just a few a spins more. It can be easy to just play a few spins out of boredom, which turn into fifty or a hundred or more. You can find a nice little profit turns into a complete loss as you get sucked in. 

So while Casinos can make you money if approached in the right way, you need to be disciplined and bail from the offer as soon as you have met the terms. You also need to accept that Casino’s carry a large variance, so you will lose all of your deposit from time to time and make a loss often. In the long term however if you pick the right offers and offer a disciplined approach you will profit in the long term.

 

Betfair trading is something relatively new to me. I had a big dabble in trading in Football for the last three months of the season. The results of my trading were losses. That does not mean I will stay away from trading however. The losses on the whole were from poor decision making, bad choice of games and misfortune. Trading is gambling, its most definitely not risk free. So luck does come in to it. However the principles of trading betfair rely on benefiting from luck but guarding against bad luck. It requires skill, patience and nerve. I spent the three months developing these traits, I have yet to master them. I have plenty of strategies to chose from, I know the games to look for. What I seem to lack is the still to chose the right time to make a move in a market and the nerve to resist making a move too early. Many times I have taken profit too early and kicked myself.

 

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Posted August 13, 2013 by apeveryday in Uncategorized

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