Another fantastic Cash for Goals offer from Betfair. Stake £20.00 or more pre-match on the Correct Score market for the Arsenal v Manchester United game on Wednesday. We’ll get £2.00 with every goal scored in the 90 mins, up to a maximum of £10.00. We must Opt in using the link on the Betfair promotions page to take be eligible for this offer. Translated into matched betting terms, this gives us a potential profit of just under £10.00! And here’s how…
When using a betting exchange like Betfair, the term stake applies to both a back bet and a lay bet. The best option therefore is to place a lay bet with Betfair and then back the same bet with a bookmaker. The beauty of this is that we can choose to back the same bet with whichever bookmaker is offering the best odds. Having looked at the odds available, I’ve decided to go with a 0-0 draw.
Step 1:
Place £1.93 on 0-0 draw @ Ladbrokes @ 15.00 = Potential profit of £27.02.
Lay £2.00 on 0-0 draw @ Betfair @ 14.50 = Potential liability of £27.00.
Step 2:
Let’s have a look at our current potential profit/loss for the two outcomes…
|
0-0 draw |
+£27.02 – £27.00 = £0.02 loss |
|
Not 0-0 draw |
-£1.93 + £1.90 (£2.00 minus 5% commission) = £0.03 loss |
So regardless of the result, we will lose a maximum of £0.03 in order to qualify for our Cash For Goals bonus of £2.00 per goal scored in the same game! That gives us a potential maximum profit of £9.98!
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Matt Kirman – Matched 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.