The 3p Parlay By George

Betfair recently announced that the minimum stake had been reduced from £2 down to £1. Of course it has always been easy to bet less than the minimum amount with a simple workaround that I wrote about in 2012. I'm not sure how much difference this will make, probably very little, and I'm also not sure why the minimum was set at £2 in the first place. 

Another company in the news recently for allowing a stake at lower than their usual minimum was Betfred. In this case the stake allowed was 3p placed on a 10 match Draw accumulator, a story that shows I'm not the oldest lover of the Draw. 

Here's the story in full from Alistair Mason of the Press Association:

An 85-year-old grandfather pocketed more than £2,600 after placing just 3p on a bet at his local bookmaker.

Janus “George” Wagonback put his 3p – a stake so small it would not usually be allowed by Betfred – on a 10-fold accumulator last week, eventually claiming winnings of £2,686.04.

“I’ve had some significant wins on the football over the years, much bigger than this one,” said Mr Wagonback, from Sutton-in-Ashfield in Nottinghamshire.

“But then again, I usually bet more than 3p, which is basically loose change that I had in my pocket.”

Betfred normally operates with a minimum stake of 5p, but were happy to make an exception for Mr Wagonback as he is a regular customer.

He bet that all 10 matches in his accumulator – Millwall-Preston, Wimbledon-Cheltenham, Bradford-Leyton Orient, Colchester-Rochdale, Swindon-Crawley, Dundee-Dundee United, Hibernian-Hearts, Ross County-Aberdeen, St Mirren-Motherwell and a World Cup Qualifier between Lebanon and Iraq – would be draws, at odds just short of 90,000-1.

“I was confident the Scottish games would all be draws, as they often are up there,” he said.

“I didn’t know I’d won until I checked the paper the next day.

“I did feel good, but can’t jump around much these days – only little jumps.”

Mr Wagonback is originally from Budapest in Hungary but moved to the UK as a political refugee in the 1950s.

He is an experienced chess player, having represented his club in Mansfield, and was also named Mr Nottingham in 1969 on the back of his fitness and body-building exploits.

He said: “I have always been a winner because I set my mind to achieve things.

“My ambition is to skin Betfred for a million.”

Betfred boss Fred Done said: “I’ve been in this business for over 50 years, and cannot remember anyone winning so much from just three pence.

“It is a truly remarkable win, with him beating odds of virtually 90,000/1.”

Remarkable indeed, and I liked the comment “I was confident the Scottish games would all be draws, as they often are up there”. They are? We may be missing a trick here. Graeme? We need your input. Put those horses down for five minutes and look at the Draw in your country.  

With only one selection featuring a team priced at odds-on (Swindon Town), Mr. Wagonback may well be a reader of this blog. Using Pinnacle's prices, the accumulator would have been closer to 132,000/1 with the Lebanon v Iraq Draw priced as favourite at just 2.74, one of the shorter Draw prices you'll find.