Help me make the most money from £20 in one year

Discussion in 'General Chat' started by danmc_82, Jan 7, 2012.

  1. danmc_82

    danmc_82
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    Me and my boss have a bet to see who can make the most money from £20 and there is a one year time limit.

    Anything goes, leagal or illegal but im not into illegal.

    Any ideas welcome.... But not ones like, by a gun for 20 and rob a bank :D
     
  2. SeanT

    SeanT
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    Are you allowed to use other money as long as you get it back, or is it just the 20 quid?

    Could have a wander around charity shops and car boots and see what would sell for more on eBay (or on here - shh)

    Or really take the gloves off, get some stuff from freecycle / freegle and then sell that.
     
  3. signs

    signs
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    Put £19 on red :)
     
  4. Ivor the Engine

    Ivor the Engine
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    Put it on black. You have a much better chance of winning.
     
  5. imightbewrong

    imightbewrong
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    Put it on 3 and you could win even more.

    Maybe some betfair arbitrage betting could be good.
     
  6. FZR400RRSP

    FZR400RRSP
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    Do you know about any sport?
    I went from £10 to £124 in 48 hours this week, using a series of pretty 'safe' football bets.
    Someone will better that on a one-off bet, but my point is a series of safer bets got me a good return.
     
  7. danmc_82

    danmc_82
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    What about investing into something ie gold. Any other metals? Copper perhaps?
     
  8. rickinyorkshire

    rickinyorkshire
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    Is there such a thing as a 'safe' bet?
     
  9. RMCF

    RMCF
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    Of course there is, just ask any bookie.

    If there was, wouldn't we all be rich?

    Some bets are safe, but you will eventually bet on something and a real shock will occur and you will lose it all.
     
  10. FZR400RRSP

    FZR400RRSP
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    Not 100%, no.
    But there are relatively safe ones, as long as you don't want big returns.
    For example, it was a pretty sure thing that the Newcastle v man utd game was going to feature goals.
    0-0 was highly unlikely.
    So if you look at putting money on something like +1.5 goals, it was a good bet.
    Not a big return though, they are usually 'odds on' bets because the bookies see it more likely to happen.
    But if you're happy/willing to make a little profit at a time, money to be made.
    I staked £90 on a Spanish team to score a goal at any time the other night @ 1/3.
    £30 profit within half an hour.
    It was pretty much a cert they were going to score a goal at some point in the 90 mins.
     
  11. FZR400RRSP

    FZR400RRSP
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    You'll only "lose it all" if you stake it all.
     
  12. rousetafarian

    rousetafarian
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    or somewhat less on green.....
     
  13. RMCF

    RMCF
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    There was also a chance that Newcastle v Utd would have been a goalless draw.

    More chance of a 0-0 than a 3-0 to Newcastle, and that happened.

    Still very hard to make money constantly, otherwise we would all be doing it.

    Take Barca, best team around, possibly ever. If you put your money on them every week to win, then you have lost 5 times out of 16 this season. They have drawn 4 and lost 1.

    Of course if you only put 90% of your pot on each week, you kitty would be very low and then when they let you down and you then put on your small remaining 10%, and say they drew again, then you are basically back to square one with your pot.
     
  14. nonumb

    nonumb
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    get on Goofbay - eBay Tools, eBay Misspellings, eBay Typos, eBay Sniper, eBay Bargains and find items which have been poorly described with mistakes etc... also helps if you can find local pick up items which you are prepared to package and sell further afield.

    Is it allowed to buy tools or something like hedge cutters and get a bit more capital from doing that?

    Maybe we can do an av forums version of this compo just for fun?!
     
  15. Sonic67

    Sonic67
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    Buy a sponge, bucket, car shampoo etc then spend the next year washing people's cars with them.
     
  16. Iccz

    Iccz
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    Poker :thumbsup:


    Gambling is always the best way :D
     
  17. danmc_82

    danmc_82
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    Ill have to check but I dont think I can earn money by working. Suppose I could go all out and by 19 lottery tickets.
     
  18. NooBish AbbZ 92

    NooBish AbbZ 92
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    As a number of people said I'd say gambling would be the best way.

    Good luck though, and I (as I'm sure others would be) interested to see your progress on a thread :thumbsup:
     
  19. nheather

    nheather
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    On that amount I'd imagine the transaction fees would rule it out.

    Cheers,

    Nigel
     
  20. Iccz

    Iccz
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    Especially over such a short period of time.
     
  21. penno116

    penno116
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  22. pandemic

    pandemic
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    You could probably download any linux distro that has a liveCD/DVD (burn to disc) and sell on eBay or similar. CDs/DVDs cost peanuts these days so assuming there are still buyers for these sort of things, you could in theory make decent profit from a small investment.
     
  23. FZR400RRSP

    FZR400RRSP
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    There are plenty of people who make steady money out of betting.
    And they do so by avoiding 'amateur' betting examples like you've given.
    They'll look for markets that give then returns, they won't fall for 'putting money on Barca because they're good'.
     
  24. Iccz

    Iccz
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    With increasing internet speeds and small distro installers floating about now there's a lot less demand for that, not sure it'd really be a good way to make much profit, if any.

    I think for the time period given that gambling is the only realistic option to see a serious gain in profit. It is also the highest risk, but still...
     
  25. pandemic

    pandemic
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    Gambling depends on either luck or in the case of poker how good you are. Back when I started uni I got a free £20 to play on a poker site, which after 2 years did become thousands (put me through 4 years of uni).
    In most cases though a gambler will lose pretty much all of that £20 by the end of the year and in this case Dan only has to beat his boss.
    I had a look on eBay and surprisingly the linux distro sellers do still seem to sell a few at around £1.75 including postage, there is still a decent margin of profit per disc.
     
  26. Begonia

    Begonia

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    Gambling has to be 'out'. Too risky, despite some of the excellent low odds so-called 'certs' used above.

    My suggestion would be aligned to the normal and usual way of making wealth and that's 'selling things at a profit'.

    But what could you sell that is going to turn in the maximum profit from a £20 capital start? This is THE question!

    To help with your 'mind storm' on it, perhaps the answer could be connected with such things as:

    Quirkiness
    Publicity - involving everything from AVF to say, the national press
    Uniqueness
    Potential fame for the buyer
    General interest to an area, a town, a county or even to the nation
    Using eBay, You Tube, Facebook (or similar) as a selling tool

    Hope that helps and 'Good Luck!' :)
     
  27. njdbaxter

    njdbaxter
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    i'd go down the ebay route.

    go to charity shops and car boot sales and buy clothes, can get some decent stuff new with tags for a £ or 2.

    my mum is retired and does it, some things she pays a few quid for and sells for 20 times that amount, its just knowing what to look out for. A dress bought for £2 sold for over £60
     
  28. GBDG1

    GBDG1
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    I'd use gambling sites to start with, because they offer bonuses for signing up. So you can probably double your pot to £40. Search "match betting" on how to extract this cash.

    Next up I would scour the local paper and internet to find a cheap mountain bike. Buy it then get on a swapping website. See what you get offered for the bike on there. Keep trading up over time and see where you end up. When you finally come to sell an item worth enough, buy more mountain bikes and do the same.
     
  29. qwerty321

    qwerty321
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    Nick the bosses £20.

    He wont have £20 to invest anywhere and you will have £40, putting you on top by the end of the year!
     
  30. Knyght_byte

    Knyght_byte
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    How about setting it up as a charity incentive. Put a post on the forum or wherever, saying you will send the first poster the £20 by BACS. They have to add a £1 and then send it on to the next poster etc, with the charity getting any of the profit. And then on an agreed date, the last poster sends the final amount back to you (people can obviously give their bank info by pm).

    I'm suggesting this on the assumption that you only need to show a profit has been made, and not actually need to keep the profit yourself?
     

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