Betsafe Offer – 20% Profit Boost on Wimbledon 2016

Wimbledon 2016 is well underway and you don’t want to miss this Betsafe offer! Simply place a minimum of 6 bets on any Wimbledon 2016 matches and Betsafe will give us a 20% boost on our net profits in cold hard cash, up to a maximum of £100.00. Translated into matched betting terms, this gives us a guaranteed profit of £20.00-£40.00 and here’s how…

The Terms:

We must opt-in on the promotion page, to be eligible.

Betsafe will give us a 20% boost on our Wimbledon 2016 net profits between Monday 27th June 2016 and Sunday 10th July 2016. Refunds will be paid in cash, which will be credited by 23:59 on Monday 11th July 2016. The maximum pay-out for this offer is £100.00.

A minimum of six (6) bets must be placed on Wimbledon 2016 matches at odds of 1.50 (1/2) or greater, to be eligible. All Wimbledon 2016 bet types count, including combi bets.

The Theory:

In order to claim the maximum price boost of £100.00, we need to have net profits totaling £500.00.

Before we get into how this offer should be done, I would only recommend doing this offer, if you’re an experienced matched bettor and fully understand the process involved.

My personal preference for this offer is to place our first 5 qualifying matched bets. There is no minimum stake for this offer, so it’s entirely up to you how you play it. We can either place 5 bets of the same value or mix things up and vary our stakes. I think £100.00 is a decent sized stake for these qualifying bets and we should be able to get some tight odds on the Match Winner markets.

Once we’ve placed our first 5 qualifying bets, we’ll be able to assess our net profit/loss at that point, before placing our final qualifying bet.

Say, for example, we have a net profit of £250.00, we then know that we need to win £250.00 on our final qualifying bet to get the maximum £100.00 profit boost. On the other hand, if our account has a net loss of £250.00, we then know that we need to win £750.00 on our final qualifying bet to get the maximum £100.00 profit boost.

Qualifying Bets:

For the purposes of the following example, let’s assume we have broken even on our first 5 qualifying bets for a small qualifying loss of around £10.00.

Having looked at the odds available, I’ve opted to place my final qualifying bet on David Ferrer beating Nicolas Mahut at back odds of 1.66 and lay odds of 1.70.

We need to make a profit of £500.00 on this bet, to get the maximum £100.00 profit boost.

In order to work out our back stake, we need to divide £500.00 by 0.66 (back odds – 1), which gives us £757.58. If our £757.58 back bet wins at odds of 1.66, it will return £1,257.58 plus a profit boost of £100.00. So, in order to work out our effective odds, we just need to divide our total returns of £1,357.58 by our stake of £757.58, which gives us 1.792.

I’d like to add at this point that it’s always best to stick to round numbers when placing your bets, as odd amounts such as £757.58 can easily be flagged up as a matched bet. You should instead place £750.00 on Ferrer with Betsafe and then place the extra £7.50 on Ferrer with another bookmaker, especially if you can get better odds elsewhere.

I like to place my exchange lay bets with Smarkets as they have great liquidity in the run up to races, 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 enter our effective odds of 1.792 into my matched betting calculator in order to calculate our lay stake…

As you can see, the calculator tells us that our lay stake should be £808.09…

Let’s have a look at our potential profit/loss for the possible outcomes…

So, regardless of the outcome of the match, we will make a profit of £34.34!

Of course, it all depends on the net profit/loss of our account after our first 5 qualifying bets and what odds are available for the final qualifying bet, but having taken into account my projected qualifying loss of £10.00, we should be able to make a guaranteed profit of somewhere between £20.00 and £40.00 on this Betsafe offer!