Liverpool will be looking to pose Arsenal a few problems tonight and Betway are getting in on the action! Place a bet of £25.00 or more at odds of 1.75 (3/4) or greater on Liverpool v Arsenal and Betway will give us a £10.00 free bet. Translated into matched betting terms, this gives us a guaranteed profit of £6.59 and here’s how…
Qualifying Bet:
If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walk-through guide on how it should be done.
Qualifying bets can be placed pre-match or in play at minimum odds of 1.75 or above to be eligible for the free bet. Having looked at the odds available, I’ve opted to place my qualifying bet on an Arsenal win.
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.
We can calculate our lay stakes using my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £24.07…
Place £25.00 on Arsenal @ 2.60 = Potential profit of £40.00
Lay £24.07 on Arsenal @ 2.72 = Potential liability of £41.41
Let’s have a look at our potential profit/loss for the possible outcomes…
Arsenal win | + £40.00 – £41.41 = £1.41 loss |
Arsenal don’t win | – £25.00 + £23.59 = £1.41 loss |
So regardless of the result of match, we will lose £1.41 in qualifying for our £10.00 free bet.
Free Bet:
Our £10.00 free bet will be credited at 12:00 on Thursday 14th January 2016 and will be valid for 7 days.
By using straightforward matched betting, we should be able to extract 80% of our £10.00 free bet as cash, so around £8.00. If we take into account our qualifying loss of £1.41, this gives us a guaranteed profit of £6.59 on this Betway offer!
If you’re unsure how to extract 80% of our £10.00 free bet, check out my Free Bet Strategy page for a walk-through guide on how it should be done.
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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.