- Click here for the Challenge Preview
- Click here for Week 1’s Summary
- Click here for Week 2’s Summary
- Click here for Week 4’s Summary and Final Results
Week 3 of the OddsMonkey challenge finished on Friday 29th of September and boy what a week it was!
I was starting to get a bit desperate as my lack of time was causing a hindrance to the amount of offers I was being able to complete (I’m working hard on a new ‘Sports Trading for Beginners’ email course that I’m launching on Wednesday 4th of October).
However, once again Casino offers saved my ass.
Casino offers have always been a mainstay of my Matched Betting and have provided most of my profits over the past few years. Some people think there’s too much risk in them, but there’s not – if you do them correctly. What do I mean by correctly? Well, a few things:
- Think long term and realise it’s a matter of the Law of Large Numbers
- Believe in Estimated/Expected Value
- Wager on the right slots – anything with an RTP% (Return to Player %) of over 96% is good enough (you can check the RTP% of a slot by googling its name and added RTP% to the search)
With this belief, I hoped I’d be able to get at least 1 decent win this month that would bump up my total considerably. With a small bankroll I wasn’t able to complete some more of the higher value sports sign up offers – so I made a decision: Be willing to risk it all.
By this, I don’t mean throwing my money stupidly at any and every casino offer that came my way, but to do as many of the low-medium risk offers as I could. I was willing to walk away from this challenge have totally flopped at it or by giving it a go and hoping variance would be in my favour for the month.
I set my sights on a few offers – these included the raft of the Gamesys Group sign ups (Jackpot Joy, Heart Bingo, Monopoly Casino, Caesars Bingo and Starspins). These all provide excellent sign ups with £10 deposits getting you anywhere between 200-300% bonuses. Luckily, despite losing the full £10 deposit on 4 out of 5 of these offers I did get one decent win which covered them and more – a £110 win from Monopoly casino.
But the real star of the show this week was Grosvenor Casinos. They twice offered 50% deposit bonuses up to £20 on their Casino section but – here’s the great thing – there’s a loophole on Grosvenor Casinos whereby you can bet your initial deposit on the Sportsbook (allowing you to lay off on a betting exchange for a small loss) and it leaves your bonus funds completely free to use. So, in my case, I made a small loss on my qualifying bet (a couple of quid on Goteborg in Sweden) but now I had a free £20 to use on Casino! Excellent value!
Thankfully I hit one of those big wins – a huge £400 on the Lucky Wizard slot and then I took these winnings to another slot to grind out the rest of the wagering. I finished £641.15 up overall. Magical! (Images are at the bottom of this post)
So, for the duration of Week 3, I made a total profit of £872.74 – which is huge! Like I always tell people – believe in EV (Estimated Value).
- Week 1’s profit: £398.06
- + Week 2’s profit: £97.21
- + Week 3’s profit: £872.74
Total profit so far: £1,367.51
This means in my final week I’ve only got to find a total of £132.49! The challenge ends Sunday the 8th of October.