Liverpool host Manchester United in the Premier League tonight and you don’t want to miss this NetBet offer. Bet £20.00 on either Liverpool or Manchester United to win the match and get double winnings, as a free bet, if our selection wins to nil. Translated into matched betting terms, this gives us a potential profit of £15.08 and here’s how…
Qualifying Bet:
We must opt-in to this promotion prior to 20:00 on Monday 17th October 2016, to be eligible.
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.
To qualify, we must place a pre-match bet on either Liverpool or Manchester United to win in the Match Betting market. If our selected team wins to nil, NetBet will double our winnings up to a maximum of £20.00 in free bets. Free bets will be credited on Tuesday 18th October 2016.
Having looked at the odds available, I’ve opted to place my qualifying bet on Liverpool.
In order to work out our back stake, we need to divide £20.00 by 1.20 (back odds minus 1.00). This gives us a back stake of £16.67. It’s best that we stick to round numbers, so I’m going to stake £20.00 instead.
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 stake using my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £19.47…
Place £20.00 on Liverpool @ 2.20 = Potential profit of £24.00
Lay £19.47 on Liverpool @ 2.28 = Potential liability of £24.92
Let’s have a look at our potential profit/loss for the possible outcomes…
| Liverpool win the match having conceded | + £24.00 – £24.92 = £0.92 loss |
| Liverpool win the match to nil | + £24.00 – £24.92 + £16.00 (extract 80% of £20.00 free bet) = £15.08 profit |
| Liverpool don’t win the match | – £20.00 + £19.08 = £0.92 loss |
So, if Liverpool win the match to nil, we will make a nice profit of £15.08. Any other outcome and we’ll have made a loss of £0.92. Risking £0.92 to make a profit of £15.08, gives us effective odds of 17.39, so given that Liverpool are odds of 3.65 to win to nil, this is a very profitable offer in the long run.
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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.