A nice little Betfred in play offer. Place a single bet of £10.00 or more on the South African Open outright market and Betfred will give us a £10.00 free bet to use In Play on the Hyundai Tournament Of Champions on Friday. Translated into matched betting terms, this gives us an minimum guaranteed profit of £6.52 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. Having looked at the odds available, I’ve decided to place my qualifying bet on Hennie Otto.
Place £10.00 on Hennie Otto @ 17.00 = Potential profit of £160.00
Lay £8.97 on Hennie Otto @ 19.00 = Potential liability of £161.46
Let’s have a look at our potential profit/loss for the two outcomes…
| Hennie Otto wins | +£160.00 – £161.46 = £1.46 loss |
| Hennie Otto doesn’t win | -£10.00 + £8.52 (£8.97 minus 5% commission) = £1.48 loss |
So regardless of the outcome, we will lose a maximum of £1.48 in order to claim our £10.00 in-play free bet.
Free Bet:
Our account will be credited with the free bet in time for the Hyundai Tournament of Champions which tees off on Friday 9th January 2015. By using straightforward matched betting, we should be able to extract at least 80% of the free bet, so approximately £8.00. If we take into consideration our initial maximum qualifying loss of £1.48, we should make a minimum guaranteed profit of £6.52 on this offer.
If you’re not sure how to extract 80% of the £10.00 free bet, 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.