Blue Square’s Poor Odds

Saturday May 19th, 2007
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My Blue Square qualifier has settled for the expected loss of 97p, but with their really poor odds finding a decent free bet is proving a bit difficult.  Bookies may complain about betting exchanges, saying it’s unfair on them as people laying bets don’t have to have a bookmaker’s licence, but the real reason they’re losing business to them is because they are so uncompetitive.

For my free £25 Blue Square bet I have settled on Chelsea winning the FA Cup 2-0.  The Betfair lay odds are 13.5 and Blue Square’s back odds are 12; as the free bet is stake not returned (SNR) this will give me a profit of £19.42, or 78%.  The high odds mean I have to have £255 in my Betfair account to cover the liability, but high odds are necessary with SNR bets.  It’s also only tied up for a few hours so that’s not a problem.

Bets to be settled:
Blue Square: Chelsea v Man Utd (FB) 19/05/07.  Expected return £19.42

Filed under Matched Betting Diary

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