Peterborough face Swindon in today’s early kick-off and you don’t want to miss this BetBright offer! Place a bet of £5.00+ on the Correct Score market for Peterborough v Swindon and if it loses, BetBright will give us our money back as a free bet up to £10.00, to use on today’s football. Translated into matched betting terms, this gives us a guaranteed profit of £5.33 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.
If you’ve already read my risk-free bet strategy page, you’ll know that we need to select a Correct Score with fairly high back odds and close lay odds.
It’s entirely up to you what you place your qualifying bet on, but having looked at the odds available, I’ve opted to place my qualifying bet on a 2-2 draw.
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 stake by selecting the ‘Risk-Free Bet’ setting on my matched betting calculator. We can enter £8.00 as our ‘Cashback’ amount, as this is the amount we expect to extract from our £10.00 free bet if our qualifying bet loses…
As you can see, the calculator tells us that our lay stake should be £7.48…
Place £10.00 on a 2-2 draw @ 12.00 = Potential profit of £110.00
Lay £7.48 on a 2-2 draw @ 15.00 = Potential liability of £104.67
Let’s have a look at our potential profit/loss for the possible outcomes…
| 2-2 draw | + £110.00 – £104.67 = £5.33 profit |
| Not a 2-2 draw | – £10.00 + £7.33 + £8.00 (extract 80% from £10.00 free bet) = £5.33 profit |
So, regardless of the result of the match, we will make a guaranteed profit of £5.33 on this BetBright offer!
If our qualifying bet loses, our free bet will be credited by 14:30 today (Saturday 3rd September 2016) and must be used on any football market today. Free bet stakes will not be returned with any winnings.
If you’re unsure how to extract 80% from our £10.00 free bet, please see my free bet strategy page for a walk-through guide on how it should be done.
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.