The Premier League action continues on Boxing Day and you don’t want to miss this BetMcLean price boost. They’ve enhanced Man Utd and Man City both to win from 3/5 to a tasty evens! Translated into matched betting terms, this gives us a risk-free potential profit of £7.09 and here’s how…
Price Boost Bet:
The maximum stake for this price boost is £25.00.
Place £25.00 on Man Utd & Man City @ 2.00 = Potential profit of £25.00
Match 1: Man Utd v Sunderland (Kick-Off: 15:00)
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.
On the first match, we need to cover our original stake of £25.00. If we divide £25.00 by 0.98 (to account for the 2% Smarkets commission), this gives us a lay stake of £25.51…
Lay £25.51 on Man Utd @ 1.25 = Potential liability of £6.38
| If Man Utd win | – £6.38 = – £6.38 |
| If Man Utd don’t win | – £25.00 + £25.00 = £0.00 |
So, if Man Utd don’t win, the offer will be over and we’ll have broken even. However, if Man Utd do win, we’ll have lost £6.38 so far.
Match 2: Hull City v Man City (Kick-Off: 17:15)
So, if Man Utd win, this means on the next match, we need to cover both the £6.38 loss from the first match plus the original stake of £25.00. If we divide £31.38 by 0.98 (to account for the 2% Smarkets commission), this gives us a lay stake of £32.02…
Lay £32.02 on Man City @ 1.36 = Potential liability of £11.53
| If Man City win | + £25.00 – £6.38 – £11.53 = £7.09 profit |
| If Man City don’t win | – £25.00 – £6.38 + £31.38 = £0.00 |
So, if either team fails to win along the way, we’ll have broken even and there’s no harm done. However, if Man Utd and Man City both win, we’ll have made a nice risk-free profit of £7.09!
I’d like to point out that the above workings are based on the lay odds that were available at the time of writing. If the lay odds fluctuate before we are able to place our lay bets, this may result in us making more potential profit, less potential or even a slight loss, so please bear that in mind before deciding whether or not to do 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.