Apologies for the lack of blogging recently, my 12,000 word dissertation is finally beginning to take its toll on me and I have not had a great deal of time for anything else. I just looked back over last year's posts and found my blogging activity petered off throughout February and March, so it must be something about this time of year. I have taken a little break from betting as I found that if I did not have time to sit down and do it properly, then I would just lose money, which was what I was beginning to do. I was only losing pounds here and there but I know enough to know that is the start of a slippery slope, so I have taken a break in order to focus on more important things right now. I still have a lot of liabilities in the outright markets to manage so I will just be looking at that for now. I'll go into detail on this in my next post.
What I did accidentally discover this week though was Paddy Power's 'BetDash', a game which challenges you to turn £100,000 into £1,000,000 in 10 days. If you reach the million, you are rewarded with between £45-£150 in real money, depending on your initial buy in. Reaching £700,000 and above also equals a cash reward. You can play for free but the reward is only tokens. I was quite surprised to find this as I had heard little about it from the usually very lairy PaddyPower, and was even more surprised to discover it was actually good. The game is not quite as straightforward as putting all your money on a 10/1 shot, there are restrictions and challenges to meet first, meaning it can only be done by gradual accumulation. You can challenge other people's bets as well as copying them, and can play along with your friends too. The main reason I was so impressed with the game is because I had concocted similar ideas in my own head before I found this; where a social and competitive element was added to punting. I am currently playing the game using a £5 free credit, which is gifted upon the start of your first game, but after that you can choose to buy in for £5 upwards. I know many people out there, even those who call themselves 'traders', like to have a 'fun bet' from time to time, so I think participation in something like this would help to satisfy such an urge without potentially ruining profits from elsewhere. It could also educate people on how to nurture and grow a bank slowly and efficiently.
Don't get me wrong though, BetDash is for fun. You cannot trade positions as all bets are placed on PaddyPower's betting platform, and you are rushed into chasing the million before your time runs out. Serious traders will not be interested, but for those of you who do like a 'fun bet', it is probably worth checking out, especially as the first one is free. I have little else to report from recent weeks, so enjoy the rest of your week and happy trading one and all.