10Bet Offer – Portugal v France

It’s the big finale tonight as Portugal take on France and 10Bet are getting in on the action! Simply opt-in to the promotion, bet £30.00 on Portugal v France, and 10Bet will give us a £10.00 free bet to use during the game. Translated into matched betting terms, this gives us a guaranteed profit of £6.90 and here’s how…

Qualifying Bet:

We must opt-in on the promotion page to be eligible for this offer.

If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walk-through guide on how they should be done.

Qualifying bets must be placed pre-match on Portugal v France at minimum odds of 1.60 (3/5) or greater to be eligible. We can place our qualifying bet on any market apart from Over/Under, Forecast/Tricast and any type of Handicap market (excluding 3Way Handicap).

It’s entirely up to you what you place your qualifying bet on. Having looked at the odds available, I’ve opted to place my qualifying bet on France in the ‘1X2 FT’ market.

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 my matched betting calculator…

Back Bet (Bookie)

%

Lay Bet (Betting Exchange)

%

Min £
Max £
Lay stake required: £
Bookie
Exchange
Cashback
Total
If back (bookie) bet wins
£
£
£
= £
If lay (exchange) bet wins
£
£
£
= £
Total profit: £

Optimal Underlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

Optimal Overlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

As you can see, the calculator tells us that our lay stake should be £30.00…

10bet

Place £30.00 on France @ 2.10 = Potential profit of £33.00

smarkets white

Lay £30.00 on France @ 2.12 = Potential profit of £33.60

Let’s have a look at our potential profit/loss for the possible outcomes…

France win + £33.00 – £33.60= £0.60 loss
France don’t win – £30.00 + £29.40 (£30.00 minus 2% commission) = £0.60 loss

So, regardless of the result, we will lose £0.60 in qualifying for our £10.00 free in play bet.

Free Bet:

Our £10.00 free bet will be credited shortly after placement of our qualifying bet and must be used in play on Portugal v France, which kicks off at 20:00 tonight (Sunday 10th July 2016). Free bets will expire at the end of 90 minutes. Free bet stakes are not included in any returns.

It’s impossible to know what odds will be available until the match has kicked off but by using straightforward matched betting, we should be able to extract 75% out of the £10.00 free in play bet as cash, so £7.50. If we take into account our qualifying loss of £0.60, this gives us a guaranteed profit of £6.90!

Extracting profit from a free bet can be a little tricky when betting in play. My advice is to wait until half-time to place your free bet and then lay it at Smarkets. This is simply because the odds don’t fluctuate as much as when the game is live. There’s nothing worse than placing a free bet on a market and then something happens in the game that changes the odds before you have chance to get your lay bet on! I tend to look at the correct score markets first and then if I can’t find anything suitable I move onto goal scorer markets.

If you can’t wait until half-time, you might want to look at placing it on 1-1, 2-1 or 3-1 whilst the score is at 0-0. By selecting a scoreline where both teams score, it reduces the risk of the odds fluctuating unfavourably.

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £70,000 worth of profit, and made it my mission to make matched betting accessible to everyone.