Sunday, September 13, 2009
Lock in (further) £5K profits on F1 2009 Championship
I've backed Vettel at 40-1 on Betfair for 2009 F1 Champion. This is a fair price - (positive = some of upcoming tracks play to Red Bull strengths, negative = possible 10 place grid penalty for engine change). This bet gives me 'full cover' on all runners. I've now backed the 4 possible winners (varying stakes) at the following odds:
Jenson Button 66-1
Rubens Barrichello 125-1
Sebastian Vettel 40-1
Mark Webber 33-1
The ironic thing is that I suspect that it will be a Button/Brawn win for the F1 Championship and all my laying off to gaurantee the profits will have been both costly an unnecessary. However, I've been able to do this at sensible prices thereby reducing my return by 'only' 20% (I'll do the exact maths later). I can also sleep at night rather than worrying about Button having a season ending accident.