events

Matched Betting: Prepare Now for the Russia World Cup

Matched Betting: Prepare Now for the Russia World Cup!

I’ve discussed matched betting a few times on this blog. To recap, it’s a way of making risk-free (and tax-free) cash by taking advantage of bookmaker special offers and promotions.

Matched betting is perfectly legal and (done properly) it’s not gambling. You can read my introduction to matched betting here, and why I believe it is such a great money-making sideline for older people in particular here.

The summer is typically a quiet time for matched betting, but come next month all that is going to change. I am, of course, talking about the World Cup in Russia, which kicks off on June 14, 2018.

To be clear, you don’t have to be a big football fan to look forward to this. No, the reason to anticipate the World Cup so keenly is the host of money-making opportunities it will present for matched bettors.

For one thing, the bookies will be pulling out all the stops to attract new clients and get current and former clients back onside. I expect to see a torrent of offers on the World Cup in the next few weeks, followed by many more during the month the tournament is running. All of this gives the potential to generate substantial risk-free profits by applying matched betting principles.

Finding the best opportunities and calculating the required stakes isn’t easy if you are working alone, especially if time is at a premium. I therefore recommend signing up with my favourite matched betting advisory service, Profit Accumulator. I will talk about this in more detail later on. But let’s start with some tips and advice on making the most of the money-making opportunities the tournament presents…

Preparing for Russia 2018

First and foremost, plan ahead. Once the tournament starts there will be a hectic daily schedule, so arm yourself with a planner (all the main daily and Sunday newspapers will publish one) and do as much preparation as you can beforehand.

If you are already involved in matched betting, or planning to start, one key requirement is to ensure you have as much money as possible in your exchange/s, so you can lay bets as required. My favourite exchange is Smarkets for its low commission fees, but the best-known is (of course) Betfair.

Here are a few more tips for making the most of Russia 2018 with matched betting…

  • Keep a close eye on your email and SMS, as many good offers are sent by bookmakers this way. Some of the best offers are sent to selected customers only and not advertised on bookie websites or available generally.
  • It’s also good to check out weekly bet clubs. An example is the Sky Bet Club. This is available every week. If you bet a total of £25.00 across any sport in any market with odds of evens or above before midnight on Sunday, Sky Bet will give you a £5.00 free bet before 7 pm on Monday to use on any sport. By applying matched betting principles you should be able to make a risk-free profit of around £3 from this every week.
  • Refund offers are popular with bookmakers at the moment and should be good money-makers in the World Cup. These vary but generally involve getting a refund if a certain event or outcome happens, e.g. the crossbar is hit during a game or a match ends as a 0-0 draw. The normal way to play these is to back and lay the relevant market. If the trigger event then occurs you will get your stake refunded by the bookie and also win at the exchange, for a good net profit. If it doesn’t, you will make a (very) small loss.
  • Price boosts are another easy money maker. If a bookmaker boosts the price of a certain outcome, you may be able to lay it for shorter odds at an exchange and guarantee yourself a net profit.
  • 2 Up (various bookmakers) and 4 Means More (William Hill) are two more good opportunities for football bettors – though they work best if you can bet during the match itself, so you can trade out if in profit. Like refunds, these opportunities don’t always pay out, and if not you will make a small loss. Unlike refunds, however, you can generally do them even if you are gubbed (banned from offers). And there is no maximum stake, so winnings can be substantial. I shan’t go into any more detail in this post, but you can find out more about 2 Up here and 4 Means More here.
  • If you belong to a matched betting advisory service such as Profit Accumulator, look out for the regular emails they send out with information about offers on the day in question.

More About Profit Accumulator

Profit Accumulator is the marched betting advisory service I use myself and recommend to others. It is suitable both for those brand new to matched betting and for experienced matched bettors.

You can join PA free initially and they will provide details of two bookmaker offers you can take advantage of straight away. These should make you around £45 in net profit. If you wish to proceed further, you can then pay to become a Platinum member and get access to the full range of offers and services. These include an odds-matching tool and calculator for finding profitable bets to use with bookmaker offers and maximizing your returns from them.

A further advantage of joining Profit Accumulator is that you get access to the busy members-only forum, where you can get any questions you may have answered by more experienced members and/or the team behind PA.

If you think matched betting may be for you, I therefore highly recommend that you click through to the Profit Accumulator website to see what they offer and sign up for the free trial. By joining today you will be perfectly placed to take advantage of the flood of bookmaker offers likely to appear in the next few weeks.

As ever, if you have any questions or comments about matched betting or Profit Accumulator, please do post them below.

Disclosure: As well as being a member of Profit Accumulator I am also an affiliate for them. If you join and become a paying member after following any of the links in this post, I will receive a commission for introducing you. This does not affect in any way the cost of the service to you or the benefits you receive.



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Sign up now for this free course on successful ageing

Sign up Now for This Free Course on Successful Ageing

Today I wanted to let you know about a free course I have taken myself and highly recommend. It’s running again in July, so there’s plenty of time to sign up.

The course is called Strategies for Successful Ageing. It’s run by Trinity College, Dublin, under the auspices of Futurelearn, a UK-based platform for short online courses from British and international universities. All Futurelearn courses are free (although for optional upgrades a fee is payable) and open to anyone in the world.

Strategies for Successful Ageing will run for five weeks, two hours per week, starting 2 July 2018. If those dates aren’t suitable for you, you can sign up to be notified when it’s running again.

This course is intended for anyone who wants to learn strategies and tips for successful ageing. On the website, it says:

The knowledge that you gain from this free online course will inspire you to choose activities and behaviours that improve your quality of life. Through this course, we hope you will think differently about ageing and recognise the many contributions that older adults make every day.

As a community of learners, we will discuss what you’re doing to maintain your health, increase your wellbeing, maintain friendships and navigate life’s challenges.

Together, we will discover the many opportunities for personal growth and community-building by exploring the skills, talents and dreams of older adults.

As I mentioned earlier, I took this course myself last year and highly recommend it. The course materials (and tutors) are first rate, and include information on the latest research into ageing that challenges the conventional stereotypes.

As well as the teaching, another big attraction of all Futurelearn courses is the opportunity they provide to interact with other students from all over the world. There can be almost as much to learn from them as the course itself! When I took Strategies for Successful Ageing most of my fellow students were in the 50-70 age group, but there were plenty who were older.

You can sign up for Strategies for Successful Ageing by clicking through any of the links to the course in this post.

Futurelearn also have lots of other interesting free courses, incidentally. I have studied subjects ranging from diabetes to astronomy, but Strategies for Successful Ageing has probably been the course I enjoyed most and got the most from.

If you have any comments or questions about this post, as always, please do post them below.



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Happy New Year 2018!

Happy New Year 2018!

Happy New Year from Nick at Pounds and Sense!

I do hope 2018 is a good year for you, and the year you achieve (or at least start to achieve) some of your financial and other ambitions.

Thank you also for visiting my blog. If you haven’t already, I do hope you will sign up to receive notifications when it is updated using the box in the right-hand column.

You can also follow Pounds and Sense on social media, including Facebook and Twitter and Google Plus.

Pounds and Sense is also on the popular Bloglovin platform. If you are a member of this free service you can get all my latest posts delivered to you with your updates (and updates on any other blogs you follow as well, of course). Just click through this link to sign up.

There is also a daily Paper.li newsletter for Pounds and Sense. This is semi-automated and curates links from a wide range of personal-finance blogs and other resources. I guarantee you will find something of interest in every issue!

Finally, if your interests also extend to writing, you might also like to check out my Entrepreneur Writer blog. I regularly share tips, advice and market information for writers and aspiring writers here. It would be great to see you there as well 🙂

Once again, I wish you a happy, healthy and prosperous new year.



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My Top 12 posts of 2017

My Top Twelve Posts of 2017

As is customary for bloggers at this time of year, here are the top posts on Pounds and Sense in 2017, based on comments, page-views and social media shares. They are in no particular order. Obviously, I have excluded any posts that are no longer relevant.

I hope you will enjoy revisiting these posts, or seeing them for the first time if you are new to PAS. Don’t forget, you can always subscribe using the box on the right to be notified of new posts as soon as they appear.

1. Who Wants to make a Shedload of Money? How to Win Big as a TV Show Contestant

2. Lights, Camera, Profit! How to Make Money Offering Your Home as a TV or Film Location

3. Nutmeg review: My Experience With This Robo-Adviser Investment Platform

4. How I won £614.53 on the Free Postcode Lottery!

5. Earn a Sideline Income as a TV or Movie Extra

6. Primestox – An Unusual Way to Make Money Investing in Food

7. Matched Betting: How to Profit from Acca Insurance

8. Matched Betting: Get a Risk-Free Bet or Guaranteed Profit with Football Index

9. How to Save Money on Days Out With Your Grandchildren (Guest Post)

10. How to Check What Your State Pension Will Be

11. How to Invest for Income from High Yield Share dividends (Guest Post)

12. Earn a Sideline Income as a Viewing Agent with Viewber

A quick mention too for my other blog Entrepreneur Writer. If you are interested in writing I hope you will check this out if you haven’t already. I look forward to publishing plenty more posts on both blogs in 2018.

If you have any comments or questions, of course, please do feel free to leave them below.




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Happy Christmas 2017!

Happy Christmas 2017!

Just wanted to take this opportunity to wish all my readers a happy and peaceful Christmas, and a fulfilling and prosperous new year.

Pounds and Sense was launched in December 2016, so it has been going for a year now. Thank you to everyone who has visited the blog during this time, and especially to all those people who have commented on my posts and/or signed up to be notified of new ones. You can do that by entering your name and email address in the ‘Subscribe’ box on the right (hint, hint!).

I hope you have found at least some of my posts of value, and they have helped you to save money and make money in these financially uncertain times. If you have any comments or suggestions for topics I ought to cover in the coming months, please do leave a comment below or contact me directly. The same applies if you would like to guest post on the blog or work with me on sponsored posts or promotions.

I’ll be back with more advice, tips and information soon, but for now I hope you have a wonderful festive season. I’ll leave you with this charming ‘Christmas Eve’ video featuring the Trans-Siberian Orchestra. Enjoy!

 

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Get Guaranteed Cash Prizes from this Promotion by Circle

Get Guaranteed Cash Prizes from this Promotion by Circle

A quickie today to let you know about a special promotion that is currently being run by the online payment platform Circle.

Anyone is welcome to enter their Education or Every Nation promo, whether or not they have an account with Circle already (if you don’t, you will need to sign up for free).

Everyone entering goes into a draw for a prize of a round-the-world trip or getting their university fees paid off – your choice. Luckily for me, I went to uni in the days students got grants rather than loans, so I asked for the world trip 🙂

But in addition, you get a guaranteed mystery cash prize of anywhere from 50p to £50 credited to your account. I got £0.61, but a colleague received £2.67. You can also introduce friends and relatives to this promotion (once you have entered yourself). For each one who signs up via your referral link – which is provided once you enter – you will get an extra prize draw entry and another mystery cash prize.

If you are a member of Prolific Academic – one of my favourite sideline earning opportunities – you may well have a Circle account already. It is a bit like PayPal, except the fees are lower!

Click here to enter this promo. Good luck, and please do leave a comment below saying how much you won!

Finally, please note that this is a limited-term promotion. I will aim to update this post as soon I know that it has closed, but to avoid disappointment I recommend entering as soon as possible.

Disclaimer: This post includes my referral link, so if you enter the promotion by clicking on it, I will get an extra entry as well.

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Vote for your favourite UK Money Blog

Vote for Your Favourite UK Money Blog!

In this post a few weeks ago I revealed that Pounds and Sense had been nominated in the ‘Best Money Making Blog’ category of the 2017 SHOMO awards.

The SHOMO awards (it stands for Show Me the Money Bloggers) are given out every year to UK-based independent money bloggers. The main sponsor is the cashback site Quidco.

There are various categories, from Best Frugal Food Blog to Best Personal Finance Blog. Pounds and Sense has been nominated in the Best Money Making Blog category.

Pounds & Sense is also eligible for the People’s Choice Award, which any blog reader can vote for. If you enjoy reading Pounds and Sense, therefore, I warmly invite you to vote for it for this award.

Voting is open from now until the end of August 2017. All you have to do is visit this page of the UK Money Bloggers website and vote for Pounds and Sense from the drop-down list of blogs provided.

But whether you do or not, I highly recommend that you visit this page of the UK Money Bloggers website where all this year’s nominees are listed. There are some amazing blogs and other resources here, including many UK finance blogs I follow myself.

The winners of the SHOMO awards will be announced at the Show Me the Money Bloggers 3 Conference in London on 23 September 2017. For more information about the conference, and booking information (for UK finance bloggers only), please click here.

Finally, I should like to express my gratitude to the unknown person or persons who nominated Pounds and Sense for an award..

As ever, if you have any comments or queries about this post, please do leave them below.

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Pounds and Sense Shortlisted for UK Money Blogging Award!

Pounds and Sense Shortlisted for UK Money Blogging Award!

I am very pleased to reveal that Pounds and Sense has been nominated for a SHOMO award by UK Money Bloggers.

The SHOMO awards (it stands for Show Me the Money Bloggers) are given out every year to UK-based independent money bloggers. The main sponsor is the cashback site Quidco.

There are various categories, from Best Frugal Food Blog to Best Personal Finance Blog. Pounds and Sense has been nominated in the Best Money Making Blog category.

I don’t expect to end up winning the award, as I am up against some highly professional and popular blogs in my category. However, even being short-listed in my blog’s first year is something I am very proud of.

The shortlists were produced by the SHOMO awards committee, chaired by Karyn Fleeting, aka Miss Thrifty. There is also a People’s Choice Award, for which all short-listed blogs are eligible. Voting takes place for this throughout August and is open to anyone. If you should feel inclined to vote for Pounds and Sense, don’t hold back!

In any event, I do highly recommend that you visit this page of the UK Money Bloggers website where all this year’s nominees are listed. There are some amazing blogs and other resources here, including many UK finance blogs I follow myself. If you are interested in money matters, I highly recommend checking them all out.

The winners of the SHOMO awards will be announced at the Show Me the Money Bloggers 3 Conference in London on 23 September 2017. For more information about the conference, and booking information, please click here.

Finally, I should like to express my gratitude to the unknown person or persons who nominated Pounds and Sense for an award..

As ever, if you have any comments or queries about this post, please do leave them below.

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Read More From Me in the Creating Wealth Newsletter!

Read More From Me in the Creating Wealth Newsletter!

Just a quickie today to let you know that I am back in harness with my former clients Agora (also known as Fleet Street Publishing). As some of you may know, I worked for several years on their More Money Review membership site.

I am now working again with my old editor, Michelle Roberts, on the Creating Wealth newsletter. This is a free email newsletter featuring a huge range of strategies for making money and building your personal wealth.

I shall be writing about ways of making, saving and investing money for CW, together with business and self-development topics, e.g. how to boost your productivity. So I will be covering some similar ground to Pounds & Sense, although there are certain subjects I sometimes discuss on the blog (e.g. health, travel, food and drink) that I won’t be talking about there.

In addition, Creating Wealth is aimed at all age groups, not just older people, so my articles will have a slightly different focus. I will also be covering career-building advice, which obviously isn’t something I normally discuss on this blog.

You can sign up to Creating Wealth here. As well as the newsletter, you will receive a free report titled Secrets of a Self-Made Millionaire (and no, that’s not me!).

I highly recommend subscribing to CW, not only because it is putting bread on my table, but because I genuinely believe you will enjoy reading the tips, advice and information it contains from me and my fellow contributors.

And of course, you can unsubscribe at any time if you decide it’s not for you.

I shall continue to publish on Pounds & Sense (and my Entrepreneur Writer blog) too, but perhaps not quite as frequently. I am meant to be semi-retired, after all!

If you have any comments or questions about Creating Wealth, as always, please do post them below.



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When Ernie Became Scrooge - Why I Just Sold Most of my Premium Bonds

When Ernie Became Scrooge: Why I Just Sold Most of My Premium Bonds

In late 2014 I invested £30,000 from an inheritance on premium bonds. I liked the idea of making a tax-free income this way, with the (admittedly slim) chance every month of winning a life-changing sum.

Initially anyway it went fairly well, though all I ever won were £25 prizes. Then in June 2016 the interest rate and hence the prize fund was reduced, and almost immediately I saw a big drop in the number of prizes I was receiving. For comparison purposes, here are the prizes I got from November 2014 (the first month my bonds were eligible for the monthly draws) to May 2016…

Month/YearNumber of Prizes wonTotal Prize Value £s
11/14125
12/14250
1/15125
2/15125
3/1500
4/15250
5/15250
6/15250
7/1500
8/1500
9/1500
10/15125
11/15125
12/1500
1/16375
2/16125
3/164100
4/16375
5/1600
TOTAL23600

In contrast, here are my winnings after the change was made in June 2016.

Month/yearNumber of Prizes wonTotal Prize Value £s
6/1600
7/16250
8/16125
9/1600
10/1600
11/16250
12/16125
1/1700
2/1700
TOTAL6150

So in the period November 2014 to May 2016 I won 23 prizes totaling £600 in value, and from June 2016 to February 2017 I won 7 prizes totaling £150 in value.

Obviously we aren’t comparing like with like here, as the first period is 16 months and the second period just nine months. So here are the pro rata figures for the returns both pre- and post-June 2016.

Pre-June 2016 – 600 x 12/16 = £450 per year

June 2016 onward – 150 x 12/9 = £200 per year

So, in effect, my rate of return has more than halved since the June 2016 changes. When you calculate this as a percentage return on my £30,000 investment it looks even worse.

Pre-June 2016 – 450/30000 x 100 = 1.5%

June 2016 onwards – 200/30000 x 100 = 0.67%

By current standards, a tax-free return of 1.5% per year isn’t too shabby – it compares pretty well with cash ISAs, for example, even though the return with the latter is guaranteed (until the rate changes anyway).

On the other hand, 0.67% is clearly disappointing. I would have made more keeping the money in my Santander 123 current account which pays 1.5% (3% pre-November 2016), even though they only pay this on the first £20,000 in your account.

It’s hard to quantify what the chance of winning a big prize is worth. On the one hand you probably won’t – but on the other hand, somebody has to!



So What Action Am I Taking?

After nine months under the current premium bond terms I have decided enough is enough.

I withdrew £25,000 of my £30,000 today and plan to put this in a variety of equity-based investments. Obviously these are not guaranteed either, but by a conservative assessment they should generate an annual return of around 5%, or about eight times what I am getting from premium bonds currently.

I am going to keep £5,000 in premium bonds for the time being. At least it gives me a bit of excitement at the start of every month. And I am never going to lose this money, although obviously in time its value will be eroded by inflation.

So that’s my view of premium bonds, but what do you think? Are they still a worthwhile investment or are they now a mug’s game? Please leave any comments below as usual!

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