It’s a big day of Premier League football and Ladbrokes are running a tasty little price boost on the action. They’ve enhanced Everton and Manchester City both to win from 7/1 to a tasty 10/1! Translated into matched betting terms, this gives us a potential risk-free profit of £21.30 and here’s how…
Price Boost Bet:
The maximum stake for this offer is £10.00.
Place £10.00 on Everton & Man City to win @ 11.00 = Potential profit of £100.00
Match 1: Everton v Southampton (Kick-Off: 15:00 on Saturday 16th April 2016)
On the first match, we need to cover our original stake of £10.00. If we divide £10.00 by 0.98 (to account for the 2% Smarkets commission), this gives us a lay stake of £10.20.
Lay £10.20 on Everton @ 3.20 = Potential liability of £22.44
| If Everton win | – £22.44 = – £22.44 |
| If Everton don’t win | – £10.00 + £10.00 = £0.00 |
So, if Everton don’t win, the offer will be over and we’ll have broken even. However, if Everton do win, we will have lost £22.44 so far.
Match 2: Chelsea v Man City (Kick-Off: 17:30 on Saturday 16th April 2016)
So, if Everton win, this means we need to cover both the £22.44 loss from the first match plus the original stake of £10.00. If we divide £32.44 by 0.98 (to account for the 2% Smarkets commission), this gives us a lay stake of £33.10.
Lay £33.10 on Man City @ 2.70 = Potential liability of £56.26
| Double wins | – £22.44 – £56.26 + £100.00 = £21.30 profit |
| Double doesn’t win | – £10.00 – £22.44 + £32.44 = £0.00 |
So, if either Everton or Man City fail to win along the way, we’ll have broken even and there’s no harm done. However, if they both win, we’ll have made a nice risk-free profit of £21.30!
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.