A nice In-Play offer from Betfred. Place an In-Play bet of £10.00 or more (at odds of 1/2 or greater) on any of Wednesday’s International Friendlies and if your bet loses Betfred will give you a £10.00 Free Bet for any of the weekend’s games. Translated into matched betting terms, this gives us a potential profit of approximately £5.87. And here’s how…
Step 1:
We need our Betfred bet to lose in order to receive our free bet. We therefore need to select a bet with fairly long odds and hope it doesn’t come in. As the qualifying bet is an In-Play bet, we won’t know what odds are available until the game has kicked off, but the following odds will give you an idea of how this offer might work out.
Place £10.00 on Chile to beat Germany @ Betfred @ 7.00 = Potential profit of £60.00.
Lay £8.81 on Chile to beat Germany @ Betfair @ 8.00 = Potential liability of £61.67.
Step 2:
Let’s have a look at our potential profit/loss for the two outcomes…
| Chile win | +£60.00 – £61.67 = £1.67 loss |
| Chile don’t win | -£10.00 + £8.37 (£8.81 minus 5% commission) = £1.63 loss |
So if Chile were to win, we would lose £1.67 with no free bet. If Chile don’t win, we would lose £1.63 and then receive our £10.00 free bet.
Step 3:
If our in-play bet loses, our free bet will be credited by 17:00 on Friday 7th March 2014. By using straightforward matched betting, we should be able to extract at least 75% of the free bet, so approximately £7.50. If we take into consideration our estimated loss of £1.63, we should make around £5.87 profit on this offer.
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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.