BoyleSports Offer – 12.40 Ascot

Another weekend of horse racing, means another BoyleSports risk-free offer. Simply place a £20.00 bet on the 12.40 at Ascot racecourse today and if it loses, BoyleSports will give us a £10.00 free bet to be used on the 1.50 at Ascot. Translated into matched betting terms, this gives us a guaranteed profit of £4.26 and here’s how…

 

Qualifying Bet:

This offer is only available on mobiles.

We need to find a selection that has tight back and lay odds. If we underlay our bet instead of matching it completely, we can guarantee ourselves a profit on any outcome. Having looked at the odds available, I’ve opted to place my qualifying bet on Pyrshan.

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.

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 £16.60…

boylesports

Place £20.00 on Pyrshan @ 12.00 = Potential profit of £220.00

smarkets white

Lay £16.60 on Pyrshan @ 14.00 = Potential liability of £215.74

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

Pyrshan wins +£220.00 – £215.74 = £4.26 profit
Pyrshan doesn’t win -£20.00 + £16.26 + £8.00 (extract 80% from our £10.00 free bet) = £4.26 profit

So regardless of the result of the race, we will make a guaranteed profit of £4.26.

If our qualifying bet loses, our free bet will be credited 20 minutes prior to the 1.50 at Ascot and must be used on that race.

If you’re unsure how to extract 80% of our £10.00 free bet, check out my Free Bet Strategy page for a walk-through guide on how it should be done.

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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.