Betfair Free Bet Offer – Real Madrid v Atletico Madrid

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:

betfair2

 
 

Place £25.00 on 1-0 Real Madrid @ 8.00 = Potential profit of £175.00

ladbrokes

 

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

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.