Kick-off time (GMT): 07/02/2016 : 23:30
It’s the Super Bowl 50 tonight and you don’t want to miss this BetStars offer. Place a pre-match bet of £10.00+ on any Super Bowl market at odds of 1.50 (1/2) or greater and BetStars will give us a £5.00 free bet to use on any sport. Translated into matched betting terms, this gives us a guaranteed profit of £3.06 and here’s how…
If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walk-through guide on how it should be done.
Our qualifying bet must be placed at odds of 1.50 (1/2) or greater on any pre-match market on Super Bowl 50 today (Sunday 7th February 2016). Having looked at the odds available, I’ve opted to place my qualifying bet on Denver Broncos to win (Money Line).
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 stakes using my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £9.24…
Place £10.00 on Denver Broncos to win @ 2.80 = Potential profit of £18.00
Lay £9.24 on Denver Broncos to win @ 3.05 = Potential liability of £18.94
Let’s have a look at our potential profit/loss for the possible outcomes…
|Denver Broncos win||+ £18.00 – £18.94 = £0.94 loss|
|Denver Broncos don't win||- £10.00 + £9.06 = £0.94 loss|
So regardless of the result of Super Bowl 50, we will lose £0.94 in qualifying for our £5.00 free bet.
Our £5.00 free bet will expire 7 days after placement of our qualifying bet and can be used on any sport.
By using straightforward matched betting, we should be able to extract 80% of our £5.00 free bet as cash, so around £4.00. If we take into account our qualifying loss of £0.94, this gives us a guaranteed profit of £3.06 on this BetStars offer!