Smart Live Gaming Offer – The Open Championship 2016

The 145th Open Championship gets underway on Thursday and you don’t want to miss this Smart Live Gaming offer! Place a bet on the The Open Championship Winner market and if either of Jason Day, Jordan Spieth or Rory McIllroy wins the event, Smart Live Gaming will refund losing bets on that market up to a maximum of £20.00. Translated into matched betting terms, this gives us a potential profit of £14.70 and here’s how…

Qualifying Bet:

We must opt in on the promotion page to be eligible for this offer.

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 00:00 on Tuesday 12th July 2016 and 06:00 on Thursday 14th July 2016, to be eligible.

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

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.

You can find The Open Championship outright market by entering ‘The Open Championship’ in the search box at the top of the homepage or by using the following link trail…

Smarkets > Golf > Majors 2016 > The Open Championship

We can calculate our lay stake using my matched betting calculator…

Back Bet (Bookie)

%

Lay Bet (Betting Exchange)

%

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

Optimal Underlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

Optimal Overlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

As you can see, the calculator tells us that our lay stake should be £19.08…

smart live gaming

Place £20.00 on Dustin Johnson @ 10.00 = Potential profit of £180.00

smarkets whiteLay £19.08 on Dustin Johnson @ 10.50 = Potential liability of £181.30

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

Dustin Johnson wins + £180.00 – £181.30 = £1.30 loss
Day / Spieth / McIlroy wins – £20.00 + £18.70 + £16.00 (extract 80% from stake refund) = £14.70 profit
Another player wins – £20.00 + £18.70 = £1.30 loss

So, if Jason Day, Jordan Spieth or Rory McIlroy wins The Open Championship 2016, we will make a nice profit of £14.70. Any other outcome and we’ll have made a loss of £1.30. Risking £1.30 to make a profit of £14.70, gives us effective odds of 12.31, which I’m sure you’ll agree, makes this is a profitable offer in the long run.

If Jason Day, Jordan Spieth or Rory McIlroy wins the tournament, our £25.00 free bet will be credited by 19:00 on Monday 18th July 2016.

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £70,000 worth of profit, and made it my mission to make matched betting accessible to everyone.