Fulham host Newcastle United in the opening game of the Championship 2016/17 season tonight and Stan James are getting in on the action. Simply place a £20.00 bet on the Match Betting market for Fulham v Newcastle United and if our bet is a winner, Stan James will give us a £10.00 free bet. Translated into matched betting terms, this gives us a guaranteed profit of £3.31 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.
Qualifying bets must be placed between 09:00 on Wednesday 3rd August 2016 and 19:45 on Friday 5th August 2016, to be eligible.
Having looked at the odds available, I’ve opted to place my qualifying bet on Newcastle United.
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.
If our £20.00 back bet on Newcastle United wins at odds of 2.05, it will return £41.00. We will then receive an additional £10.00 free bet, from which we should be able to extract 80% as cash, so £8.00. This gives us total returns of £49.00 from a £20.00 stake, which gives us effective odds of 2.45.
We can enter these effective odds into the matched betting calculator in order to calculate our lay stake…
As you can see, the calculator tells us that our lay stake should be £23.79…
Place £20.00 on Newcastle @ 2.05 = Potential profit of £21.00
Lay £23.79 on Newcastle @ 2.08 = Potential liability of £25.69
Let’s have a look at our potential profit/loss for the possible outcomes…
| Newcastle win | + £21.00 – £25.69 + £8.00 (extract 80% of £10.00 free bet) = £3.31 profit |
| Newcastle don’t win | – £20.00 + £23.31 (£23.79 minus 2% commission) = £3.31 profit |
So, regardless of the result of the match, we will make a guaranteed profit of £3.31 on this Stan James offer!
If eligible, our free bet will be credited within 48 hours of our qualifying bet settling and will be valid for 3 days. Free bet stakes are not returned with any winnings.
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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.