BetBright Offer – Everton v Chelsea

Everton host Chelsea tonight in the FA Cup Quarter-Finals and BetBright are running a great little in play offer. Simply bet £20.00 pre-match on Everton v Chelsea and BetBright will give us a £10.00 risk-free in play bet on the same game! Translated into matched betting terms, this gives us a potential profit of £39.46 and here’s how…

Qualifying Bet:

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.

It’s entirely up to you what you place your qualifying bet on, as long as you place it at the minimum odds of 1.66 (4/6) or greater. Having looked at the odds available, I’ve opted to place my qualifying bet on a Chelsea win.

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 £19.85…

Place £20.00 on Chelsea @ 2.70 = Potential profit of £34.00

smarkets white

Lay £19.85 on Chelsea @ 2.74 = Potential liability of £34.54

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

Chelsea win + £34.00 – £34.54 = £0.54 loss
Chelsea don’t win – £20.00 + £19.46 = £0.54 loss

So regardless of the result of match, we will lose £0.54 in qualifying for our £10.00 risk-free in play bet.

Risk-Free In Play Bet:

Our £10.00 risk-free in play bet need to be placed at minimum odds of 1.66 (4/6) using our own funds. If our £10.00 in play bet loses, BetBright will refund our stake as a free bet.

It’s entirely up to you how you want to play this…

If you can find some decent odds in play (preferably at half-time), then it could be worth using the ‘Risk-Free Bet’ setting on my matched betting calculator to bank somewhere between £4.00-£5.00 guaranteed profit.

However, I’m not so sure we’ll be able to find great in play odds, so I’ll be using this risk-free bet as a punt. If I hit a winner, happy days and if I don’t, I should be able to extract 80% out of the £10.00 free bet refund as cash. This means I stand to lose a maximum of £2.54, but I could win big.

If I were to place my £10.00 risk-free in play bet on a winning selection at odds of 5.00, I would have winnings of £40.00. If we take into account our qualifying loss of £0.54, this gives us a potential profit of £39.46 on this BetBright offer. I’ll update the bottom of this post with my actual in play selection after the game.

* I actually placed my risk-free in play bet on Chelsea to win when the score was 0-0. Everton won the match 2-0, meaning I made a loss of £2.54 on this offer. *

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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.