Betfair NBA Basketball Offer – Free £10.00

January 15, 2014 / Basketball / 4 Comments

Kick-off time (GMT): 16/01/2014 : 00:05am

Potential profit
£6.87
My profit £6.85

A great basketball offer from Betfair.  Stake 5 x £10.00 matched BACK Exchange bets (min odds per selection 1.5) on any NBA pre match or in-play fixtures taking place on Thursday 16th January 2014 (jump ball 00:05) and get a free £10.00 bonus credited to your account.  Translated into matched betting terms, this gives us a minimum guaranteed profit of £6.85.  And here’s how…

I’ve decided to lay all of my bets at Ladbrokes as I find their betting exchange easy to use and the liquidity and odds are usually pretty good.  It’s entirely up to you what you bet on, but here are my selections…

 

Bet 1:

Place £10.00 on Milwaukee Bucks @ Betfair @ 3.15 = Potential profit of £21.50.

Lay £9.40 on Milwaukee Bucks @ Ladbrokes @ 3.40 = Potential liability of £22.56.

 

Milwaukee Bucks win +£21.50 – £22.56 = -£1.06
Milwaukee Bucks don't win -£10.00 + £8.93 (£9.40 minus 5% commission) = -£1.07

 

Bet 2:

Place £10.00 on Washington Wizards @ Betfair @ 3.45 = Potential profit of £24.50.

Lay £9.86 on Washington Wizards @ Ladbrokes @ 3.55 = Potential liability of £25.14.

 

Washington Wizards win +£24.50 – £25.14 = -£0.64
Washington Wizards don't win -£10.00 + £9.37 (£9.86 minus 5% commission) = -£0.63

 

Bet 3:

Place £10.00 on LA Clippers @ Betfair @ 1.53 = Potential profit of £5.30.

Lay £9.94 on LA Clippeers @ Ladbrokes @ 1.59 = Potential liability of £5.86.

 

LA Clippers win +£5.30 – £5.86 = -£0.56
LA Clippers don't win -£10.00 + £9.44 (£9.94 minus 5% commission) = -£0.56

 

Bet 4:

Place £10.00 on Philadelphia 76ers @ Betfair @ 1.84 = Potential profit of £8.40.

Lay £10.00 on Philadelphia 76ers @ Ladbrokes @ 1.89 = Potential liability of £8.90.

 

Philadelphia 76ers win +£8.40 – £8.90 = -£0.50
Philadelphia 76ers don't win -£10.00 + £9.50 (£10.00 minus 5% commission) = -£0.50

 

Bet 5:

Place £10.00 on Toronto Raptors @ Betfair @ 1.61 = Potential profit of £6.10.

Lay £10.13 on Toronto Raptors @ Ladbrokes @ 1.64 = Potential liability of £6.48.

 

Toronto Raptors win +£6.10 – £6.48 = -£0.38
Toronto Raptors don't win -£10.00 + £9.62 (£10.13 minus 5% commission) = -£0.38

 

So regardless of the results, we will lose a maximum of £3.15 in order to claim our free £10.00 bonus credit, which gives us a minimum £6.85 profit on this offer.

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4 Comments

  1. ned

    December 31, 2014
    / Reply

    In basketball why do you need to lay since there are no draws, only 1 clear winner. Why don't you just bet on both sides?

    • Matt

      Matt

      January 1, 2015
      / Reply

      Well that just shows how little I know about basketball! If that's the case, although laying would still work out about the same, you're absolutely right, just bet on both sides.

  2. Asen

    April 22, 2015
    / Reply

    Guys, don't be fooled. There are Draws in Basketball as in football. If the game ends 99-99 in Regular time there is Overtime, which means if you don't lay your bet you lose your money!

    • Matt

      Matt

      April 22, 2015
      / Reply

      Hi Asen, I'm a little confused by your comment. We are backing teams to win at Betfair and then laying them at the Ladbrokes Exchange. This means that if any game is drawn, our back bet will lose and our lay bet will win, so every outcome is covered.


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