Another fantastic Paddy Power free bet offer. Simply back Liverpool or Chelsea to win and if the match is drawn, Paddy Power will refund bets as a free bet up to a maximum of £50.00. Translated into matched betting terms, this gives us a minimum profit of £7.35 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.
It’s entirely up to you whether you back or Liverpool or Chelsea but having looked at the odds available, I’ve opted for a Chelsea win.
Place £50.00 on Chelsea @ 2.29 = Potential profit of £64.50
Lay £49.14 on Chelsea @ 2.38 = Potential liability of £67.81
Let’s have a look at our current potential profit/loss for the following outcomes…
| Chelsea win | +£64.50 – £67.81 = £3.31 loss |
| Draw | -£50.00 + £46.68 + £40.00 (extract 80% from our £50.00 free bet) = £36.68 profit |
| Liverpool win | -£50.00 + £46.68 = £3.32 loss |
So as things stand we will make £36.68 profit if the match is drawn and lose a maximum of £3.32 on any other result. It’s not too often that we’re able to do this, but by laying the draw at Betfair, we are able to guarantee a decent profit on any of three outcomes…
Lay £11.50 on the draw @ 3.55 = Potential liability of £29.33
Let’s have a look at our resulting potential profit/loss for the following outcomes…
| Chelsea win | -£3.31 + £10.93 = £7.62 profit |
| Draw | £36.68 – £29.33 = £7.35 profit |
| Liverpool win | -£3.32 + £10.93 = £7.61 profit |
So regardless of the result of the match, we will make a minimum profit of £7.35! If you’re not sure how to extract 80% of the £50.00 free bet refund, please see my Free Bet Strategy page for a walkthrough 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.