My betting dilemma

[DTS]

Ladies and Gentleman,

At the start of the season I decided to put £25 into a betting account with William Hills. As an incentive from them I also got a free £25 bet too.

I decided to do my first bet and take a simple one so as to get me started with a small profit so I had £25 on Liverpool to beat someone crap which they did giving me £37 return. I then took my £25 original investment back and put it back in my bank account meaning I had £12 pure profit and my free £25 bet to play with.

That was about three months ago. Since then by betting predominently on the football I have now turned my £12 into £597.52 profit.

On top of this £597.52 I took out £100 profit and paid it off the mortgage to appease Mrs DtS and I also spent £106 on flights to Budapest for Mrs DtS suprise birthday treat.

So all in since the start of the season I have made approx £803 off my £12 original profit.

Now originally when I was betting the Mrs took no notice as my acount was showing £40 here and there. However now I have got nearly £600 in there she is really encouraging me to take the money and run. He arguement whihc is more than fair is I could pay for next years summer holiday with this money (We always go to her parents appartment near Marseille so all we need is flights and spending money)/

Personally I dont see it as "real" money as it was never my money just pure profit. So for example this weekend I had £110 on Bournemouth to beat Grimsby which they did and I won £170 back. The Mrs cant believe I had £110 on one result but as I say I cant see it as real money. I would NEVER in fairness bet £110 from my own account on anything.

My arguement back to the Mrs is that money makes money and I must be fairly good to keep picking results out. Saturday for example I picked 7 results all of which came in. I know its wont last forever and you only hear about wins but I think I have proven my pedigree.

My dilema is should I cut and run now taking £600, a bit less on the mortgage and free flights to Budapest with me or should I keep going along this magical betting path and see where it takes me?

 

[number11]

Id probably look to take out a few hundred to put to good use and show some material reward for your betting. Then try to accumulate a new pot again. If it doesnt have the same success at least you will only be using up a lesser amount of the pot rather than eventually blowing the whole £600 chasing loses.

 

[steveo]

Take a healthy profit, leave yourself the original £12 and see if you can do it again.
Keep us informed.

I put a tenner into a Paddypower account in May, and had plenty of bets all through the summer but was down to a couple of quid last night. So am trying to build it up from there again – long way to go.

 

[MK Shrimper]

Take a healthy profit, leave yourself the original £12 and see if you can do it again.
Keep us informed.

What I'd suggest too. Spend the £600 on something nice for the family before it vanishes into the bookies pocket.

 

[Uncle Leo]

I'm with number11 on this one.

I wouldn't let the Mrs know too much about your betting though; they love getting a piece of your winnings, but they never seem to be interested when you've backed a few losers. Bloody women.

 

[Pubey]

i've built a tenner into about £100, I put £25 on Arsenal to win the league at 10/1, i'm sitting on the rest for now

 

[Matt the Shrimp]

Keep going - you're obviously doing well and enjoying it, and it's only "theoretical money" anyway.

If you hit a bad losing streak, call it a day once you're down to about £150 in the pot - still enough to get a nice toy / dress for your daughter, and enough to take Mrs. DtS out for a lovely meal.

:)

 

[steveo]

call it a day once you're down to about £150 in the pot -
:)

That's the most difficult bit though. when yopu get down there you think "I need to get it back up a bit"

 

[BILLERICAY BLUE]

I'd take half out, spend it on something nice, then try and build the remaining 300 up before doing the same again

 

[Uncle Leo]

Sod my original advice. Put it all on San Antonio Spurs to win the NBA Championship. 10/1 is a knocking bet.

And when it loses, you ain't seen me, right?

 

[EastStandBlue]

Sod my original advice. Put it all on San Antonio Spurs to win the NBA Championship. 10/1 is a knocking bet.

Where's that price Ux?

 

[ldnfatso]

You are getting addicted! Cash your chips in mate and enjoy the winnings.

 

[Lester Bangs]

Keep on keeping on, see just how far you can go by the end of the season.

I know that probably isnt good advice with the 'law of diminishing returns' but heck how often fo you get this chance.

Infact, head of down to the casino and stick it all on red, no black oh I dont know.

 

[osymandus]

Id take out £500 put half of that some where safe to grow /invest . spend teh £20 left and keep £100 in there as a nice back up .
So can we call you Stato now ?

 

[Napster]

Id take out £500 put half of that some where safe to grow /invest .?

with the interest rates as low as they are, you're better off putting it under your bed.

 

[Uncle Leo]

Where's that price Ux?

I lie. 11/1 is actually available with Boyles.

I backed them yesterday at 12.03 on Betfair, possibly with a view to trading out when they get deep in to the play-offs. With Tim Duncan and Manu Ginobili both fit and some good additions over the summer, I really like the look of them.

 

[osymandus]

with the interest rates as low as they are, you're better off putting it under your bed.

Its the put away and forget money , the one 5 years later you go damn the cars broke , ah i have this £252.36 (damn those intrest rates never did go back up) to fix it.

 

[EastStandBlue]

I lie. 11/1 is actually available with Boyles.

I backed them yesterday at 12.03 on Betfair, possibly with a view to trading out when they get deep in to the play-offs. With Tim Duncan and Manu Ginobili both fit and some good additions over the summer, I really like the look of them.

Indeed. I can't see the Tic's winning as the Trinity are another year older and although the Lakers look pretty damn strong still, I think various other teams are too strong for them to start a dynasty-like succession of wins.

The other team I fancy are Cleveland... LBJ looked Hungry for it last season and the Final's run last season will stand them in good stead.

 

[Uncle Leo]

Indeed. I can't see the Tic's winning as the Trinity are another year older and although the Lakers look pretty damn strong still, I think various other teams are too strong for them to start a dynasty-like succession of wins.

The other team I fancy are Cleveland... LBJ looked Hungry for it last season and the Final's run last season will stand them in good stead.

Bill Simmons' NBA preview is well worth a read. He makes similar points to you regarding the ageing Celtics. Garnett has an awful lot of games in those knees...

http://sports.espn.go.com/espn/page2/story?page=simmonsnflpicks/part1/091023&sportCat=nba

Looking forward to catching a few games on ESPN this season; I've dropped away from the NBA a little recently and am keen to get back in to it.

 

[chapperzUK]

Firstly, well played on making that much. Secondly, I see your point that it isn't "real" money because you haven't physically paid it in but if you think about it from the over side, you have hundreds of pounds at your fingertips.