Kick-off time (GMT): 08/07/2015 : 10:30
The Ashes 2015 series is under way, so jump on this Betfred offer! Simply place an in play bet on 3 or more days of the 1st Test (at minimum odds of 1.50) and Betfred will give us a free bet to our average stake up to a maximum of £25.00. Translated into matched betting terms, this gives us a guaranteed profit of £14.00 and here’s how…
If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy for a walkthrough guide on how to place your qualifying bets.
To qualify for the £25.00 free bet, we must place an in play bet on 3 or more days of the 1st Test at minimum odds of 1.50 (1/2). It’s entirely up to you who you place your qualifying bets on.
I like to place my exchange lay bets with Smarkets as they have great liquidity, the site is really easy to use and they only charge 2% commission in comparison to the 5% charged by other betting exchanges. We can calculate our lay stakes using the matched betting calculator.
So we will lose approximately £6.00 on our qualifying bets in order to claim our £25.00 free bet.
By using straightforward matched betting, we should be able to extract 80% of our £25.00 free bet as cash, so around £20.00. If we take into consideration our qualifying loss of £6.00, this gives us a guaranteed profit of £14.00!
If you’re not sure how to extract 80% of the £25.00 free bet, please see my Free Bet Strategy page for a walkthrough guide on how it should be done.