Kick-off time (GMT): 20/11/2016 : 18:00
It’s less than 50 days to Christmas now and you don’t want to miss today’s Betsafe offer on the ATP Tour Finals! Simply place a £25.00 bet on Andy Murray v Novak Djokovic and Betsafe will give us a £10.00 free in play bet. Translated into matched betting terms, this gives us a guaranteed profit of £6.11 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.
Our qualifying bet must be placed at odds of 1.50 (1/2) or greater. Having looked at the odds available, we need to place our qualifying bet on Andy Murray in the ‘Match Winner’ market.
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 £24.09…
Place £25.00 on Murray @ 2.833 = Potential profit of £45.83
Lay £24.09 on Murray @ 2.96 = Potential liability of £47.22
Let’s have a look at our potential profit/loss for the possible outcomes…
|Murray wins||+ £45.83 – £47.22 = £1.39 loss|
|Murray doesn't win||- £25.00 + £23.61 (£24.09 minus 2% commission) = £1.39 loss|
So, regardless of the result of the match, we will lose £1.39 in qualifying for our £10.00 free in play bet.
Our free bet must be used in play on the ATP Tour Finals at odds of 1.50 (1/2) or greater. When we place our free bet, we must tick the free bet box found on our betslip. Any winnings generated from the free bet must be wagered once at odds of 1.50 (1/2) or greater.
By using straightforward matched betting, we should be able to extract 75% of our £10.00 free bet as cash, so around £7.50. If we take into consideration our qualifying loss of £1.39, this gives us a guaranteed profit of £6.11 on this Betsafe offer!