Home Property Five small gambles that could net you enough for a mortgage deposit

Five small gambles that could net you enough for a mortgage deposit

by LLP Reporter
16th Oct 19 12:07 pm

It can be tough to get on the property ladder and even the initial deposit is a big financial hurdle for many,  setting the average UK homebuyer back by £23,271.

With wages failing to keep pace with house price growth the affordability gap continues to grow and so property competition WinMyDreamHome.com has looked at five scenarios where you could win enough cash to put down a 10% deposit on a typical property.

Premium Bonds monthly draw

Premium Bonds see investors buy bonds where they qualify for a prize after a month.

If you invest £1 in a bond you have a one in 25,500 chance of winning a prize, however your odds of winning a meaningful prize are slimmer.

Indeed, the chance of winning more than £25,000 with a £1 bond is one in 3,565m. The chance of winning the top prize of £1m is also one in 40.99 billion, so don’t hold your breath.

The Pools – footie5

Think you know your football? Using a free bet, you could win £25,000 if you correctly predict the results of five matches in a given round.

SkySports Super 6

This is like the previous bet – but even harder.

If you predict the scores of six football matches you’d win £250,000, over the £232,710 average house price. It seems a tall order, though you could attempt the feat as a free bet.

Betway 4 to score

You could similarly win a hefty sum with Betfair with a free bet, though the criteria to win is precise. In four matches you’d need to select the first goalscorer correctly every time.

This sounds achievable if strikers like Harry Kane score first, though if a center-back scores from a corner you might come unstuck.

Euromillions – match 5

This game is £2.50 to play and the goal is to match five numbers with what’s selected. If you get all five you’d win around £23,590, enough for a house deposit. There’s approximately a one in 3.107 million chance of that happening.

Marc Gershon from WinMyDreamHome.com said, “Property affordability has become a huge issue and while these bets may seem unlikely to come in, they may be a more realistic route to secure a foot on the ladder for some. Whether it’s football, premium bonds, the lottery, or even a house competition like Win My Dream Home, it’s always important to bet responsibly and within your means.”

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