Gamebookers are offering a £20 sign up bonus at Quidco, plus they’re offering to SR match €20. Now moving into different currencies might be a bit of a silly thing to do at this early stage but due to the Quidco amount I’ve not really got anything to lose.
It cost me £16.26 to get €20 so I’m using that ratio through all my conversions. This isn’t the same as the market rate but it means my value of the euro stays consistent and I’m not losing a small percentage in 10 different places. Bet odds on the draw are 2.35 and they are actually lower at Betfair 2.29 - my first arb giving me a loss of 4p!
This is where I make mistake #1. When I was laying against the bet I put £16.26 into the stake amount and not £17.05 as the spreadsheet told me to. I guess with all the extra figures used in the conversion I lost track of what I was doing. The minimum amount you can lay in Betfair is £2 so I couldn’t correct it either. This also meant my liability was reduced by a small amount.
| Bet Amount | Bet Odds | Lay Amount | Lay Odds | Lay Risk | Profit |
|---|---|---|---|---|---|
| £16.26 | 2.35 | £16.26 | 2.29 | £37.3 | £0.91/-£0.81 |
Outcome
The game ended in a draw so my mistake actually made me £96p better off! I like those kiind of mistakes.
Profit So Far: £39.04
The odds were good for this one, and the SR amount showed instantly. Quidco is showing validated as £0 but hopefully this will change by September. All in all a valuable lesson learnt, check your figures!
