Kick-off time (GMT): 22/11/2016 : 18:38
There’s a big evening of greyhound racing at Nottingham tonight and you don’t want to miss this Betfred offer! Simply place a bet on 3 or more races from Nottingham and Betfred will give us a free bet to our average stake, up to £25.00. Translated into matched betting terms, this gives us a guaranteed profit of £17.00 and here’s how…
If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy for a walk-through guide on how they should be done.
Qualifying bets must be placed at minimum odds of 1.50 (1/2) or greater, to be eligible. To qualify for the maximum £25.00 free bet, we must place bets totalling £75.00 across 3 of the following races running tonight (Tuesday 22nd November 2016)…
We will need to lay our bets for this offer on the Betfair Exchange.
NOTE: The liquidity for greyhound racing does not improve until approximately 10-15 minutes before the race starts. You should therefore only do this offer if you’re comfortable with that. If you’ve not done a greyhound offer before, you may just want to observe the changing odds or at least use lower stakes until you get the hang of things.
We can calculate our lay stakes using the matched betting calculator.
So, we will lose approximately £3.00 in qualifying for our £25.00 free bet.
Our £25.00 free bet will be credited within 24 hours of our qualifying bets being settled and will be valid for 7 days.
By using straightforward matched betting, we should be able to extract 80% of each £25.00 free bet as cash, so around £20.00. If we take into consideration our total qualifying loss of £3.00, this gives us a guaranteed profit of £17.00 on this Betfred offer.