[Finance] How would you make £50k from £1k

[schmunk]

That's but one I can draw some cash from if your mummy comes knocking at my door looking for some work.

I think social services have a website to arrange appointments these days.

 

[hans kraay fan club]

My suggestion would be that you write an e-book entitled “How to turn £1,000 into £50,000 in a year” and spend your £1,000 marketing it. Sell 10,000 copies of it of it for a fiver. Sorted.

 

[Tyrone Biggums]

yeah so bl00dy easy - so prey tell what date is "near the end of the bull run" . And if you are that clever why would you stop there. simply swap from a long position to a short position and cash in , in both directions.

I mean seriously what an asinine statement. Bet you predicted the 33% price drop (albeit breif) at the beginning of september when ETH fell from 4k to 3.5k and then next day from 3.5k to 2700??

Gone up from $50 to $75 since this post.

 

[giveusfalmerplease]

My suggestion would be that you write an e-book entitled “How to turn £1,000 into £50,000 in a year” and spend your £1,000 marketing it. Sell 10,000 copies of it of it for a fiver. Sorted.

pretty certain several people have done that. i remember years ago it was like a ponzi scheme - someone paid a small amount to get a "book" posted to them on how to make money and inside was a 2 page leaflet with instructions to take it to a photocopy shop, copy it 1000 times (or whatever) and place an add in your local paper asking people to send you money for the "book"

 

[Raleigh Chopper]

I see this has appeared again, so just to say that I sat down and thought about it as I am not a betting man but was just looking for advice from people that are.
Anyway my £1000 currently stands at £5000 due to going all in but at much lower odds and my bet won.
Slowly is the way to go as I can now put £3000 to one side and bet with £2000, if I lose then I will carry on with the £3000 and if I lose it all so be it.
Looking for a great tip (again) at no more than 5/1.

 

[Uh_huh_him]

I see this has appeared again, so just to say that I sat down and thought about it as I am not a betting man but was just looking for advice from people that are.
Anyway my £1000 currently stands at £5000 due to going all in but at much lower odds and my bet won.
Slowly is the way to go as I can now put £3000 to one side and bet with £2000, if I lose then I will carry on with the £3000 and if I lose it all so be it.
Looking for a great tip (again) at no more than 5/1.

Haven't read the whole thread - but have you looked into matched betting/Casino offers/ Extra place/Each-way dutching?.

A £5k bank will help you take advantage of these offers.

 

[herecomesaregular]

I see this has appeared again, so just to say that I sat down and thought about it as I am not a betting man but was just looking for advice from people that are.
Anyway my £1000 currently stands at £5000 due to going all in but at much lower odds and my bet won.
Slowly is the way to go as I can now put £3000 to one side and bet with £2000, if I lose then I will carry on with the £3000 and if I lose it all so be it.
Looking for a great tip (again) at no more than 5/1.

If you really want to bet then open multiple online accounts to get the opening offers. I have opened every single online account available over the years (dozens), those with a decent Opening Offer (and reopened some as the data protection thing meant some bookies wiped all info after 7 years). And I mainly only use the ongoing offers to play (Skybet, PP, WH are best for these imo). Much smaller stakes than you (personally ~i would bank nearly all the £5k as the only way to "win" with the bookies is to bank and quit while you are ahead, keep going and most likely you'll lose it, that is how they make millions (no shit Sherlock). There is no such thing as a lucky streak, watching the Paul Merson doc was pitiful). Anyway no advice from me, it's a mugs game that should be played for fun and is down to luck whatever most people say (not match betting of course but I'm lazy and it is meant to be fun). Well done on the £5k win (one bet?) but yeah quit while you're ahead imho. Some of your logic makes you sound a bit ripe for a gambling addiction. I just do slowly slowly and keep a record of money in and out of my bank (not wins and losses on bets, only money in and out of my account). £3500 up over time, suits me fine, know my limits. Will stop when all the bookies have gubbed me (Ladbrokes, restricted offers and odds on Skybet and a few others but they're not interested in me as I'm small scale).

 

[MJsGhost]

If you really want to bet then open multiple online accounts to get the opening offers. I have opened every single online account available over the years (dozens), those with a decent Opening Offer (and reopened some as the data protection thing meant some bookies wiped all info after 7 years). And I mainly only use the ongoing offers to play (Skybet, PP, WH are best for these imo). Much smaller stakes than you (personally ~i would bank nearly all the £5k as the only way to "win" with the bookies is to bank and quit while you are ahead, keep going and most likely you'll lose it, that is how they make millions (no shit Sherlock). There is no such thing as a lucky streak, watching the Paul Merson doc was pitiful). Anyway no advice from me, it's a mugs game that should be played for fun and is down to luck whatever most people say (not match betting of course but I'm lazy and it is meant to be fun). Well done on the £5k win (one bet?) but yeah quit while you're ahead imho. Some of your logic makes you sound a bit ripe for a gambling addiction. I just do slowly slowly and keep a record of money in and out of my bank (not wins and losses on bets, only money in and out of my account). £3500 up over time, suits me fine, know my limits. Will stop when all the bookies have gubbed me (Ladbrokes, restricted offers and odds on Skybet and a few others but they're not interested in me as I'm small scale).

Have you exercised your right to be forgotten in line with the GDPR? I've not tried it, but unless there's some form of loophole to stop this kind of thing, you should be able to request that a company (any company) that holds your personal data deletes it all. If you then try to open a new account to harvest the account opening offers and they refuse, you could rightly point out that they can't have complied with their obligations under the GDPR because they've been able to identify you as a previous customer...

It's not a very friendly way to use the legislation, but given the track record of most bookies and the way they treat their customers (esp those with addiction problems), I say f*** 'em!

 

[beorhthelm]

Have you exercised your right to be forgotten in line with the GDPR? I've not tried it, but unless there's some form of loophole to stop this kind of thing, you should be able to request that a company (any company) that holds your personal data deletes it all. If you then try to open a new account to harvest the account opening offers and they refuse, you could rightly point out that they can't have complied with their obligations under the GDPR because they've been able to identify you as a previous customer...

It's not a very friendly way to use the legislation, but given the track record of most bookies and the way they treat their customers (esp those with addiction problems), I say f*** 'em!

there's a legitimate loophole. if they want to be cautious of GDPR, could implement a registration signature so they recognise old accounts without keeping the details.

 

[MJsGhost]

there's a legitimate loophole. if they want to be cautious of GDPR, could implement a registration signature so they recognise old accounts without keeping the details.

Shame!

I'd wager (punt intended) there are a good few that aren't savvy enough to implement something like that - or at least not yet anyway.

 

[herecomesaregular]

Have you exercised your right to be forgotten in line with the GDPR? I've not tried it, but unless there's some form of loophole to stop this kind of thing, you should be able to request that a company (any company) that holds your personal data deletes it all. If you then try to open a new account to harvest the account opening offers and they refuse, you could rightly point out that they can't have complied with their obligations under the GDPR because they've been able to identify you as a previous customer...

It's not a very friendly way to use the legislation, but given the track record of most bookies and the way they treat their customers (esp those with addiction problems), I say f*** 'em!

I agree mate, **** them and their ways ( I love a bet but I believe there should be much tighter regulation in this country, many bookies are utter cowboys and their tactics are pretty shameful).
re gdpr I just tried opening a few old accounts, can't remember which, but I managed to reopen some and did so as a "new customer" and got the £30 free bet etc opening offers. Which was nice repeat bonus.

And oh the irony of Safe Gambling Week this week. I love a bet but it's noticeable on Safe Gambling Week I've got multiple 10 Free Spins from WH (x4 this week), free £5 PP Bet Builder, free bet365 £5, Coral bet £5 get free £5 inplay bet, Parimatch bet £50 (no min odds that was a good one, I bet to win £1 profit and) get £25 worth of freebets. The bookies should rename the week, Let's Get Back To Gambling Week. I bet safely but these companies, they really are run by the devil it seems (sorry Early Days Tony).