It’s Betfair free bet time again! If the Champions League Final between Real Madrid and Atletico Madrid finishes in a draw, Betfair will refund losing Correct Score, First/Anytime Goalscorer & Scorecast bets as a FREE BET up to £25.00. Translated into matched betting terms, this gives us a potential profit of £17.75 and here’s how…
Whenever I do these Betfair free bet offers, I always stick to the correct score market. I find the liquidity at the Ladbrokes exchange is far better than goalscorer markets and I just feel more comfortable here.
We need to select a score that isn’t a draw as this will ensure that we qualify for the free bet if the match is level after 90 minutes as our initial bet will have lost. Having looked at the odds on offer, I’ve opted for a 1-0 Real Madrid win.
Step 1:
Place £25.00 on 1-0 Real Madrid @ 8.00 = Potential profit of £175.00
Lay £23.95 on 1-0 Real Madrid @ 8.40 = Potential liability of £177.23
Step 2:
Let’s have a look at our potential profit/loss for the various outcomes…
1-0 Real Madrid |
+£175.00 – £177.23 = £2.23 loss |
Not 1-0 Real Madrid and draw |
-£25.00 + £22.75 + £20.00 (Assumes an 80% return from our £25.00 free bet) = £17.75 profit |
Not 1-0 Real Madrid and not draw |
-£25.00 + £22.75 = £2.25 loss |
So we will make £17.75 profit if the game is drawn! If the game isn’t drawn, we will make a maximum loss of £2.25, which I’m sure you’ll agree is a risk worth taking as odds on the draw are currently 3.30.
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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.