It’s time for another Sky Bet free bet offer! If our horse loses in the 1:50 at Cheltenham today, Sky Bet will refund all losing outright bets on that race as a free bet up to £10.00. Translated into matched betting terms, this gives us a potential profit of £6.69 and here’s how…
Qualifying Bet:
If you’re unsure about how to place qualifying bets, check out my Qualifying Bet Strategy page for a walkthrough guide on how it should be done.
It’s entirely up to you which horse you go for, but I’m inclined to select a horse with fairly long odds on the basis that it is more likely to lose than the shorter options. Having looked at the odds on offer, I’ve opted to place my qualifying bet on Black Thunder.
Place £10.00 on Black Thunder @ 8.00 = Potential profit of £70.00
Lay £9.14 on Black Thunder @ 8.80 = Potential liability of £71.29
Let’s have a look at our potential profit/loss for the possible outcomes…
| Black Thunder wins | +£70.00 – £71.29 = £1.29 loss |
| Black Thunder doesn’t win | -£10.00 + £8.69 + £8.00 (extract 80% from our £10.00 free bet) = £6.69 profit |
If you’re unsure how to extract 80% of our £10.00 free bet, check out my Free Bet Strategy page for a walkthrough guide on how it should be done.
So if Black Thunder loses, we will make £6.69 profit. Unfortunately, we also stand to lose £1.29 if Black Thunder wins but I’m happy to let this one run as the potential profit far outweighs the potential loss, making this a profitable offer in the long run. If you do want to cover the potential loss, you can always stick a quid on Black Thunder to win with another bookmaker.
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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.