Sky Bet Offer – Ryder Cup 2016

September 27, 2016 / Golf / 22 Comments

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

Potential profit
£17.78
My profit £9.78

The Ryder Cup 2016 gets underway on Friday and Sky Bet are getting in on the action. Place a £10.00+ single bet or £5.00 each-way bet on the Top Overall Event Points market and Sky Bet will give us a £5.00 free bet every time our player wins a match. Translated into matched betting terms, this gives us a potential profit of £17.78 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 10:00 on Saturday 24th September 2016 and 13:45 on Friday 30th September 2016, to be eligible. Qualifying bets must be placed before the respective player tees off. 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 but it makes sense to go for a player with fairly low odds. This gives us a good chance of bagging some free bets and keeps our qualifying loss to a minimum. The Ryder Cup 2016 is scheduled to finish on Sunday 2nd October 2016.

Having looked at the odds available, I’ve opted to place my qualifying bet on Rory McIlroy.

We’ll need to place our lay bet with Betfair. 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…

Betfair > Golf > Ryder Cup 2016 > Top Overall Scorer

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 £8.19…

skybet

Place £10.00 on Rory McIlroy @ 7.00 = Potential profit of £60.00

betfair

Lay £8.19 on Rory McIlroy @ 8.60 = Potential liability of £62.22

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

Rory McIlroy top scores + £60.00 – £62.22 = £2.22 loss
Rory McIlroy doesn't top score - £10.00 + £7.78 (£8.19 minus 5% commission) = £2.22 loss

So, regardless of who is the top points scorer, we will lose £2.22 in qualifying for our potential free bets.

Free Bets:

Every time our player wins a match in the Ryder Cup 2016, we will receive a £5.00 free bet within 24 hours. Free bets will be valid for 7 days and free bet stakes are not included in any returns.

Each player can play in a maximum of five matches, although with squad rotation, some players may only play three or four matches. If Rory McIlroy were to play and win five matches, we would receive £25.00 in free bets, from which we would extract 80% as cash, so £20.00.

If we take into account our qualifying loss of £2.22, this gives us a potential profit of £17.78 on this Sky Bet offer!

* Rory McIlroy won 3 of his 5 matches, meaning I made a profit of £9.78 on this Sky Bet offer. *

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22 Comments

  1. CBG

    September 27, 2016
    / Reply

    Could the lay bet be placed on "Top Overall Scorer - Top 4" ?

    • Matt

      Matt

      September 27, 2016
      / Reply

      We need to go 'like for like' on this CBG by laying our selection on the 'Top Overall Scorer' market.

  2. Bob47474

    September 27, 2016
    / Reply

    Going to stay away from this, might avoid the horses too this week, just do a few £50 'mug' bets. Make me not seem so greedy after that £75 money back! I really hope I don't get gubbed.

  3. matwest904q

    Matt

    September 27, 2016
    / Reply

    I've gone and laid on the the wrong market. I laid on the Top Overall Scorer - Top 4 instead of the Top Overall Scorer and it's been matched. How can I minimise the damage? I feel like such an idiot, I've been mega careful up to this point. Thanks in advance.

    • Matt

      Matt

      September 28, 2016
      / Reply

      You can just place a back bet on the same market at Betfair to effectively cash out for a small loss. In order to calculate the correct back stake, just multiply your lay stake by the lay odds and then divide by the back odds. You are then free to lay the correct market.

  4. pptoonarmy

    September 27, 2016
    / Reply

    Can't see the "Top Scorer" market in Smarkets? Am I looking hard enough? :-)

  5. PP

    September 27, 2016
    / Reply

    Smarkets are not laying on Top Scorer it would seem

    • Matt

      Matt

      September 28, 2016
      / Reply

      Yes apologies mate, I mentioned this in the blog post but should have used the Betfair logo instead of Smarkets. All correct now!

  6. biscuit1966

    biscuit1966

    September 29, 2016
    / Reply

    Closest I can find as of Thursday 10.25am is Patrick Reed at 13/14.5 a QL of £1.50 Rory is currently 7/9.6

    • Ian

      September 29, 2016
      / Reply

      Yes, me too. Although reckon Reed is a good shout, he's on good form.

      Might be worth waiting until tomorrow morning, when hopefully more bets will be placed and the odds will tighten up a bit

  7. biscuit1966

    biscuit1966

    September 29, 2016
    / Reply

    13/14 now £1.16 QL

  8. biscuit1966

    biscuit1966

    September 29, 2016
    / Reply

    £121 tied up in liability so will leave for now.

  9. Dave

    September 29, 2016
    / Reply

    It's 8/9.4 on Mcilroy now.

  10. Alan

    September 29, 2016
    / Reply

    I can't find the Top Overall Scorer market on Sky. Has it been withdrawn?

    • Dave

      September 29, 2016
      / Reply

      They are having technical issues atm Alan

      • Alan

        September 30, 2016
        / Reply

        Thanks buddy, sorted now.

  11. Dave

    September 30, 2016
    / Reply

    Anyone know the difference between winner and to lift the trophy in Ryder cup? There's two separate markets for it.

    • Ian

      September 30, 2016
      / Reply

      Winner is Europe Win / Tie / USA Win. To lift the trophy removes the tie. If it is a tie, Europe will retain the trophy as current holders.

    • bugsbunnies

      September 30, 2016
      / Reply

      Dav , if its a draw as europe are the holders they will lift the trophy

  12. WASTID

    September 30, 2016
    / Reply

    Reduce your QL on this by placing an Each Way bet instead of win.

    e.g - Speith is 9.0 and 10.0 on the win markets. So for the "place" with SkyBet you are getting 3.0 but on the exchange his place price is 2.70.

    Personally, I have underlayed the place bet so that I make a minor profit no matter the result, but if he places then its enough profit to turn the whole bet into a small profit overall. And I am qualifying for the free bets.

    • Matt

      Matt

      October 1, 2016
      / Reply

      Well played mate. At the time of writing the place odds were terrible, so I opted for the Win Single.

    • Richie

      October 2, 2016
      / Reply

      I put on the each way bet and didn't bother laying it all, hoping that my free bets would cover my qualifying bet (which they have thanks to mcilroy). So anything won now is profit.

      But I didn't note the each way terms. How many places are they paying?


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