It’s a busy week of International Friendlies as everyone plays their final warm-up games before Euro 2016 and NetBet are getting in on the action! Simply opt-in to the promotion, bet £10.00 on any International Friendly taking place between 1st and 8th June 2016, and NetBet will give us a £10.00 free bet to be used on Euro 2016. Translated into matched betting terms, this gives us a guaranteed profit of £7.46 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 they should be done.
We must opt-in on the promotion page before 11:00 on Wednesday 8th June 2016 to be eligible for this offer.
Qualifying bets must be placed as a single bet at minimum odds of 1.60 (3/5) or greater.
It’s entirely up to you what you place your qualifying bet on. Having looked at the odds available, I’ve opted to place my qualifying bet on England beating Portugal on Thursday 2nd June 2016.
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 £9.65…
Place £10.00 on England @ 2.20 = Potential profit of £12.00
Lay £9.65 on England @ 2.30 = Potential profit of £12.54
Let’s have a look at our potential profit/loss for the possible outcomes…
| England win | + £12.00 – £12.54 = £0.54 loss |
| England don’t win | – £10.00 + £9.46 = £0.54 loss |
So, regardless of the result of the match, we will lose £0.54 in qualifying for our £10.00 free bet.
Free Bet:
Our £10.00 free bet will be credited within 24 hours of the promotion ending and can be used on any Euro 2016 match taking place between Friday 10th June and Friday 17th June 2016. Free bet stakes are not included in any returns.
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 £0.54, this gives us a guaranteed profit of £7.46 on this NetBet 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.