Betfair Offer – Ryder Cup 2016

September 29, 2016 / Golf / 6 Comments

Kick-off time (GMT): 30/09/2016 : 13:35

Guaranteed profit
£7.42

The Ryder Cup 2016 tees off on Friday and Betfair are getting in on the action! Place a £25.00+ pre-tournament single on the Ryder Cup Outright Winner market on the Betfair Sportsbook, and Betfair will give us a £5.00 free bet on Saturday and Sunday. Translated into matched betting terms, this gives us a guaranteed profit of £7.42 and here’s how…

betfair-offer-ryder-cup-2016

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.

To qualify for the 2 x £5.00 free bets, we must place a bet of £25.00 or more on the Ryder Cup 2016 Outright Winner market, before the action gets underway at 11:00 on Friday 30th September 2016.

It’s entirely up to you who you place your qualifying bet on. Having looked at the odds available, I’ve opted to place my qualifying bet on the USA.

We’ll need to place our lay bet with Smarkets. You can find the Ryder Cup 2016 market by entering ‘Ryder Cup’ in the search box at the top of the homepage or by using the following link trail…

Smarkets > Golf > Ryder Cup > Ryder Cup Winner 2016

We can work out our lay stake by entering our odds into my matched betting calculator…


Back Bet (Bookie)

%

Lay Bet (Betting Exchange)

%
Lay stake required: £
Bookie
Exchange
Total
If back (bookie) bet wins
= £
If lay (exchange) bet wins
= £
Bookie
Exchange
Cashback
Total
If back
bet wins
= £
If lay
bet wins
= £

Total profit:
+ Free bet

As you can see, the calculator tells us that our lay stake should be £24.92…

betfair

Place £25.00 on USA @ 1.615 = Potential profit of £15.38

smarkets white

Lay £24.92 on USA @1.64 = Potential liability of £15.95

Let’s have a look at our potential profit/loss for the two outcomes…

USA win + £15.38 – £15.95 = £0.58 loss
USA don't win - £25.00 + £24.42 (£24.92 minus 2% commission) = £0.58 loss

So, regardless of the outcome, we will lose £0.58 in qualifying for our 2 x £5.00 free bets.

Free Bet:

Our two £5.00 free bets will be credited at 12:00 on Saturday and Sunday respectively and must be used on any Betfair Sportsbook golf market. Free bets will be valid for 48 hours and free bet stakes are not returned with any winnings.

By using straightforward matched betting, we should be able to extract 80% of the 2 x £5.00 free bets as cash, so £8.00. If we take into consideration our qualifying loss of £0.58, we should make a guaranteed profit of £7.42 on this Betfair Sportsbook offer!

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6 Comments

  1. biscuit1966

    biscuit1966

    September 29, 2016
    / Reply

    I did Europe to win at 3/2.94 I see the lay price is now out to 3.15.Also with the free bets,Smarkets are only offering Odds on the winner/tie at the moment for laying.

    • David

      September 29, 2016
      / Reply

      I thought that about Smarkets also, is it definitely guaranteed that Smarkets will offer enough golf markets to lay in the next week to take full advantage of the free bets provided by Betfair?

  2. Tony S

    Tony S

    September 29, 2016
    / Reply

    Using Ladbrokes exchange meself...

    • biscuit1966

      biscuit1966

      September 29, 2016
      / Reply

      Good idea Tony,will have a look!

  3. Rich

    September 29, 2016
    / Reply

    The tie is 13.0/13.0 right now

  4. BillHill

    September 30, 2016
    / Reply

    Would not using ladbrokes exchange flag you up as an arber or match bettor to them?


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