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General Betting
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I was wondering, with banks only paying 3-4% interest, would it be a good idea to use a long term lay bet on something over say a year as a viable alternative?
for example I was thinking instead of £1000 in a bank account @ 3% paying £30 interest at the end of the year, why not put a lay bet on Liverpool winning the premiership with the same money, and at the end of the season collecting my £83 winnings (8.3% profit).
Sorry Liverpool fans but im 99% sure you're going to win without a miracle, and the inflated odds on them (12/1) surely give a good opportunity for a safe long term lay bet?
Obviously there is a slight risk, but there is with anything financial like shares, and with football knowledge I would feel a lot safer with money in this than on random shares on a stock market I know little about.
Anyone have any comments or opinions? anyone do this as an investment?
thanks for any feedback :)
for example I was thinking instead of £1000 in a bank account @ 3% paying £30 interest at the end of the year, why not put a lay bet on Liverpool winning the premiership with the same money, and at the end of the season collecting my £83 winnings (8.3% profit).
Sorry Liverpool fans but im 99% sure you're going to win without a miracle, and the inflated odds on them (12/1) surely give a good opportunity for a safe long term lay bet?
Obviously there is a slight risk, but there is with anything financial like shares, and with football knowledge I would feel a lot safer with money in this than on random shares on a stock market I know little about.
Anyone have any comments or opinions? anyone do this as an investment?
thanks for any feedback :)
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You would be minus £1000 for a year to win £83 when you can just man up and bet what your mind tells you to bet on and make thousands?
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but gambling I just always end up loosing long term in my experience :P
I know this sounds a bit boring for you harder core gamblers, but remember if the money was in a fixed term bank account you would be at -1000 exposure for a year anyway in that so it is very similar. Locking the investment away for a year is part of the appeal as then I wouldn't be able to gamble it away over the year :D |
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I'm obviously with the wrong bank. Where do you get 3-4%?
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on 3.5% fixed 2 year at halifax atm... check 'money saving experts' best buys... thats a different topic though really, im sure you can get much more with safe (but boring) long term betting :)
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i always put some long term bets on with various exchanges and bookies.
I treat these bets as my summer treats. this last year I backed chelsea to finish higher than liverpool at average odds of 1.6 if you are thinking of placing some long term bets then I suggest you look at the season match bets like the one I did this last season. i will again be doing either chelsea or man utd to beat liverpool over the season. i dont expect to get 1.6 again, but will be happy with 1.4 as i said, it comes as a nice present at the end of the season, and usually enough to treat the family. |