Like backing the favourites at massively enhanced prices? Yeah we all do, that’s why Betsafe are offering us the chance to back Barcelona at a HUGE PRICE of 3.00 when they face Manchester City again in the last 16 of the UEFA Champions league tonight. Translated into matched betting terms, this gives us a guaranteed profit of £17.20 and here’s how…
Qualifying Bet:
If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walkthrough guide on how to place your qualifying bets.
The first thing we need to do is click the ‘Join In’ button on the Betsafe site. Then, it’s simply a case of backing Barcelona to beat Manchester City at the current odds. The current odds at the time of writing are 2.13. If Barcelona win, we will be paid out at 2.13 in cash as normal and have the remaining amount bringing our winnings up to 3.00 credited as bonus funds by Thursday 26th February 2015.
If Barcelona win, our bonus winnings (£43.50) will need to be rolled over once at minimum odds of 1.50. By using straightforward matched betting we should be able to extract the majority of this as cash. Backing and laying at odds of 1.50 and 1.55 respectively would only cost us £2.17 and then our funds are available to withdraw. In order to account for this small rollover loss, I’ve adjusted the 3.00 enhancement to 2.957 in the following calculations…
Place £50.00 on Barcelona @ 2.957 = Potential profit of £97.85
Lay £70.74 on Barcelona @ 2.14 = Potential liability of £80.64
Let’s have a look at our potential profit/loss for the two outcomes…
Barcelona win | +£97.85 – £80.64 = £17.21 profit |
Barcelona don’t win | -£50.00 + £67.20 (£70.74 minus 5% commission) = £17.20 profit |
So regardless of the outcome of the match, we will make a guaranteed profit of £17.20 on this Betsafe offer!
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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.