Kick-off time (GMT): 29/08/2016 : 16:00
The US Open 2016 is in full swing and Betfred are getting in on the action!. Simply place an in play bet on 3 or more US Open matches on the same day of play and Betfred will give us a free bet equal to our average stake (up to £25.00) to use on the following day’s matches. Translated into matched betting terms, this gives us a guaranteed daily profit of £14.00 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 they should be done.
To qualify, we must place an in play bet, at odds of 1.50 (1/2) or greater, on 3 or more US Open tennis matches being played on the same day of play.
It’s entirely up to you who you place your qualifying bets on.
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 the matched betting calculator.
So we will lose approximately £6.00 in qualifying for each £25.00 free bet.
Our free bets will be credited by 15:00 the following day and will be valid until 10:00 the day after that.
By using straightforward matched betting, we should be able to extract 80% of each £25.00 free bet as cash, so around £20.00. If we take into consideration our daily qualifying loss of £6.00, this gives us a guaranteed daily profit of £14.00!
The offer started on Day 3 (Wednesday 31st August 2016). It’s unknown at the moment how many days this offer will run for, so I will update the profit figure once the offer has ended.
* This offer ran for Days 3 and 4 of the tournament, meaning I made an overall profit of £28.00 on this Betfred offer. *