Got confirmation from IASBet online help that I can bet through the free bet winnings at any odds. Identified a close match between betting odds and lay odds for an Inter Milan win against Catania. A £112.50 bet at odds of 1.26 with a corresponding lay of £116.19 at 1.27 is a £31.37 liability and a guaranteed loss of just £2.12. I know this goes against the recommendation from Bet72, but I just don't have that much in my Betfair account at the moment.
Update (Sunday, 14 September 2008): Inter Milan duly beat Catania 2 : 1 despite playing the whole of the second half with 10 men, so my IASBet account improved by £29.25 and my Betfair account depreciated by £31.37, meaning a loss (as predicted) of £2.12. I won't update the overall total until all monies have been reclaimed from IASBet as we still have the unknown element of the exchange rate to contend with.
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