Another weekend of Premier League football means more in-play free bets, courtesy of our good friends Paddy Power. Simply place a single bet of £20.00 or more pre-match on the big games and Paddy Power will give us £10.00 worth of free bets to be used in-play. Translated into matched betting terms, this gives us a guaranteed profit of £25.20 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.
This weekends’ eligible matches are as follows…
| Match | Kick-Off | Date |
|---|---|---|
| Manchester United v Newcastle United | 12:45 | Saturday 22nd August 2015 |
| West Bromwich Albion v Chelsea | 13:30 | Sunday 23rd August 2015 |
| Everton v Manchester City | 16:00 | Sunday 23rd August 2015 |
| Arsenal v Liverpool | 20:00 | Monday 24th August 2015 |
It’s entirely up to you what you place your qualifying bets on, as long as you place them at the minimum odds of 1.50 (1/2) or above.
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 the matched betting calculator.
Aim to lose no more than £1.20 on each of your qualifying bets
Free Bet:
It’s impossible to know what odds will be available until the matches have kicked off but by using straightforward matched betting, we should be able to extract 75% out of the 8 x £5.00 free bets as cash, so £30.00. If we take into account our qualifying loss of £4.80, this gives us a guaranteed profit of £25.20!
Extracting profit from our free bets can be a little tricky when betting in-play. My advice is to wait until half-time to place your free bets and then lay them at the betting exchange. This is simply because the odds don’t fluctuate as much as when the game is live. There’s nothing worse than placing a free bet on a market and then something happens in the game that changes the odds before you have chance to get your lay bet on! I tend to look at the correct score markets first and then if I can’t find anything suitable I move onto goal scorer markets.
If you’re not sure how to extract 75% of the 8 x £5.00 free in-play bets, please see 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 £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.