It’s time for another fantastic Paddy Power offer! Simply place a single bet of £20.00 or more pre-match on Serena Williams v Victoria Azarenka and Paddy Power will give us a £10.00 free bet to be used in-play. Translated into matched betting terms, this gives us a guaranteed profit of £6.47 and here’s how…
Qualifying Bet:
If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walkthrough guide on how to place your qualifying bets.
It’s entirely up to you what you place your qualifying bet on, as long as you place it at the minimum odds of 1.50 (1/2) or above. Having looked at the odds available, I’ve opted to place my qualifying bet on Victoria Azarenka.
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.
Place £20.00 on Azarenka @ 3.75 = Potential profit of £55.00
Lay £18.84 on Azarenka @ 4.00 = Potential liability of £56.53
Let’s have a look at our potential profit/loss for the following outcomes…
| Azarenka wins | +£55.00 – £56.53 = £1.53 loss |
| Azarenka doesn’t win | -£20.00 + £18.47 = £1.53 loss |
So regardless of the result of the match, we will lose £1.53 in qualifying for our £10.00 in-play free bet.
Free Bet:
It’s impossible to know what odds will be available until the match has commenced but by using straightforward matched betting, we should be able to extract 80% out of the £10.00 free bet as cash, so £8.00. If we take into account our qualifying loss of £1.53, this gives us a guaranteed profit of £6.47!
My advice is to wait until a change of ends to place your free bet and then lay it at the betting exchange. This is simply because the odds don’t fluctuate as much as when the game is live. There’s nothing worse than placing your free bet on a market and then something happens in the game that changes the odds before you have chance to get your lay bet on!
If you’re not sure how to extract 80% of the £10.00 in-play free bet, please see my Free Bet Strategy page for a walkthrough guide on how it should be done.
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.