Kick-off time (GMT): 12/07/2015 : 03:00
It’s time for another fantastic Paddy Power offer! Simply place a single bet of £20.00 or more pre-fight on Chad Mendes v Conor McGregor and Paddy Power will give us a £10.00 free bet to be used in-play. Translated into matched betting terms, this gives us a guaranteed profit of £6.29 and here’s how…
If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walkthrough guide on how to place your qualifying bets.
It’s entirely up to you what you place your qualifying bet on, as long as you place it at the minimum odds of 1.50 (1/2) or above. Having looked at the odds available, I’ve opted to place my qualifying bet on Conor McGregor.
We can calculate our lay stakes using the matched betting calculator.
Place £20.00 on Conor McGregor @ 1.533 = Potential profit of £10.66
Lay £19.78 on Conor McGregor @ 1.60 = Potential liability of £11.87
Let’s have a look at our potential profit/loss for the following outcomes…
|Conor McGregor wins||+£10.66 – £11.87 = £1.21 loss|
|Conor McGregor doesn't win||-£20.00 + £18.79 = £1.21 loss|
So regardless of the result of the fight, we will lose £1.21 in qualifying for our £10.00 in-play free bet.
It’s impossible to know what odds will be available until the fight has commenced but by using straightforward matched betting, we should be able to extract 75% out of the £10.00 free bet as cash, so £7.50. If we take into account our qualifying loss of £1.21, this gives us a guaranteed profit of £6.29!
If you’re not sure how to extract 75% of the £10.00 free in play bet, please see my Free Bet Strategy page for a walkthrough guide on how it should be done.