Betfair Australian Open Bonza Bonus

A great tennis offer from Betfair.  Stake at least 5 x £20.00 matched Exchange bets (min odds of 1.5 per selection) on the first round of the ATP/WTA Australian Open between Monday 13th January and Thursday 16th January 2014 and get a free £10.00 bonus credited to your account.  Translated into matched betting terms, this gives us a minimum guaranteed profit of £9.40.  And here’s how…

When using a betting exchange like Betfair, the term stake applies to both a back bet and a lay bet.  The best option therefore is to place a lay bet with Betfair and then back the same bet with a bookmaker.  The beauty of this is that we can choose to back the same bet with whichever bookmaker is offering the best odds.  I’ve decided to back all five of my bets with Stan James as their odds seemed pretty competitive.  These are the bets I’ve gone for…

 

Bet 1:

Place £21.28 on Benjamin Becker @ Stan James @ 1.91 = Potential profit of £19.36.

Lay £21.74 on Benjamin Becker @ Betfair @ 1.92 = Potential liability of £20.00.

 

Becker wins +£19.36 – £20.00 = -£0.64
Becker loses -£21.28 + £20.65 (£21.74 minus 5% commission) = -£0.63

 

Bet 2:

Place £24.14 on Blaz Rola @ Stan James @ 1.80 = Potential profit of £19.31.

Lay £24.69 on Blaz Rola @ Betfair @ 1.81 = Potential liability of £20.00.

 

Rola wins +£19.31 – £20.00 = -£0.69
Rola loses -£24.14 + £23.46 (£24.69 minus 5% commission) = -£0.68

 

Bet 3:

Place £29.28 on Tobias Kamke @ Stan James @ 1.73 = Potential profit of £21.37.

Lay £32.26 on Tobias Kamke @ Betfair @ 1.62 = Potential liability of £20.00.

 

Kamke wins +£21.37 – £20.00 = +£1.37
Kamke loses -£29.28 + £30.65 (£32.26 minus 5% commission) = +£1.37

 

Bet 4:

Place £37.90 on Wayne Odesnik @ Stan James @ 1.53 = Potential profit of £20.09.

Lay £39.99 on Wayne Odesnik @ Betfair @ 1.50 = Potential liability of £20.00.

 

Odesnik wins +£20.09 – £20.00 = +£0.09
Odesnik loses -£37.90 + £37.99 (£39.99 minus 5% commission) = +£0.09

 

Bet 5:

Place £26.41 on Dusan Lajovic @ Stan James @ 1.73 = Potential profit of £19.28.

Lay £27.04 on Dusan Lajovic @ Betfair @ 1.74 = Potential liability of £20.01.

 

Lajovic wins +£19.28 – £20.01 = -£0.73
Lajovic loses -£26.41 + £25.69 (£27.04 minus 5% commission) = -£0.72

 

So regardless of the results, we will lose a maximum of £0.60 in order to claim our free £10.00 bonus credit, which gives us a minimum £9.40 profit on this offer.

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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.