It’s the Wimbledon Ladies’ Singles Final 2016 today and Paddy Power are getting in the action! They’ve enhanced Serena Williams to win 2-0 against Angelique Kerber from 4/6 to a tasty 7/5! Translated into matched betting terms, this gives us a guaranteed profit of £5.43 and here’s how…
The maximum stake for this price boost is £20.00.
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 stake using my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £25.95…
Place £20.00 on 2-0 Serena Williams @ 2.40 = Potential profit of £28.00
Lay £25.95 on 2-0 Serena Williams @ 1.87 = Potential liability of £22.57
Let’s have a look at our profit/loss for the two potential outcomes…
2-0 Serena Williams | + £28.00 – £22.57 = £5.43 profit |
Not 2-0 Serena Williams | – £20.00 + £25.43 (£25.95 minus 2% commission) = £5.43 profit |
So, regardless of the result of the match, we’ll make a guaranteed profit of £5.43 on this Paddy Power offer.
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Matt Kirman – Matched 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.