A rare Sportingbet free bet offer! If Manchester City beat Manchester United, Sportingbet will refund losing correct scores, first goalscorers & scorecasts, as a free bet up to £25.00. Translated into matched betting terms, this gives us a potential risk-free profit of £11.34 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.
We need to select a scoreline that isn’t a Manchester City win. This ensures that if City win, we will automatically be eligible for a free bet refund as our qualifying bet will have lost. Having looked at the odds available, I’ve opted for a 2-2 draw.
Place £25.00 on 2-2 draw @ 13.00 = Potential profit of £300.00
Lay £21.74 on 2-2 draw @ 15.00 = Potential liability of £304.36
Let’s have a look at our current potential profit/loss for the following outcomes…
| 2-2 draw | +£300.00 – £304.36 = £4.36 loss |
| Not 2-2 draw and Man City win | -£25.00 + £20.65 + £20.00 (extract 80% from our £25.00 free bet) = £15.65 profit |
| Not 2-2 draw and Man City don’t win | -£25.00 + £20.65 = £4.35 loss |
So as things stand we will make £15.65 profit if Manchester City win. Unfortunately, we also stand to lose a maximum of £4.36 if they don’t win and so we need to insure ourselves against this by laying Manchester City at Betfair. We need to divide £4.36 by 0.95 in order to factor in the 5% commission. This gives us a lay stake of £4.59.
Lay £4.59 on Man City @ 1.94 = Potential liability of £4.31
Let’s have a look at our resulting potential profit/loss for the following outcomes…
| 2-2 draw | -£4.36 + £4.36 = £0.00 |
| Not 2-2 draw and Man City win | £15.65 – £4.31 = £11.34 profit |
| Not 2-2 draw and Man City don’t win | -£4.35 + £4.36 = £0.01 profit |
So if Manchester City win, we will make a nice profit of £11.34! If they don’t, then we will break even and there’s no harm done. If you’re not sure how to extract 80% of the £30.00 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 £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.