Kick-off time (GMT): 01/01/2014 :
A nice little offer from Youwin. Place a £10.00 match winner bet on any of the matches during the PDC World Championship and Youwin will drop a £10.00 Free Bet on the BDO World Championship Outright into your account. Translated into matched betting terms, this gives us a potential profit of over £6.00! And here’s how…
The terms and conditions state that our qualifying bet must be at minimum odds of 1.5. With this is mind, I’ve decided to place my bet on the 3rd round match between Simon Whitlock and Kevin Painter.
Place £10.00 on Kevin Painter to win @ Youwin @ 2.9 = Potential profit of £19.00.
Lay £9.90 on Kevin Painter @ Betfair @ 2.98 = Potential liability of £19.60.
Let’s have a look at our current potential profit/loss for the two outcomes…
|Painter wins||+£19.00 – £19.60 = -£0.60|
|Painter loses||-£10.00 + £9.41 (£9.90 minus 5% commission) = -£0.59|
So regardless of the result, we will lose a maximum of £0.60 in order to claim our free £10.00 bet.
Once our account has been credited with the free bet, it is time to claim our profit. The terms and conditions state that the free bet stake is not returned so we need to choose this setting on our matched betting calculator in order to get the correct figures. With this is mind and considering the odds available, I’ve decided to place my free bet on Tony O’Shea to win the BDO World Darts Championship.
Place £10.00 free bet on Tony O’Shea to win @ Youwin @ 19.0 = Potential profit of £180.00.
Lay £7.21 on Tony O’Shea @ Betfair @ 25.0 = Potential liability of £173.04.
Let’s have a look at our potential profit/loss for the two outcomes…
|O'Shea wins||+£180.00 – £173.04 = +£6.96|
|O'Shea doesn't win||-£10.00 (free bet) + £6.85 (£7.21 minus 5% commission) = +£6.85|
Whatever the outcome of the tournament, we are guaranteed to gain £6.85 from our £10.00 free bet. If we take into account our £0.60 loss earlier, we stand to make a minimum profit of £6.25 on this offer.