The 2016 Australian Open tennis gets underway on Monday and you don’t want to miss this Unibet price boost! They’ve enhanced Novak Djokovic to win the Australian Open from 4/5 to a tasty 6/5. Translated into matched betting terms, this gives us a potential risk-free profit of £8.00 and here’s how…
Maximum stakes for this offer may vary for different accounts, but the following example is based on a maximum stake of £20.00.
We can underlay this price boost on the Betfair Exchange to make this offer risk-free.
To be able to place our lay bet, we will need to transfer some funds to our Australian wallet.
We just need to divide our stake of £20.00 by 0.95 to account for the 5% commission that Betfair charge on net winnings. This gives us a lay stake of £21.05…
Place £20.00 on Novak Djokovic @ 2.20 = Potential profit of £24.00
Lay £21.05 on Novak Djokovic @ 1.76 = Potential liability of £16.00
Let’s have a look at our profit/loss for the two potential outcomes…
| Djokovic wins | +£24.00 – £16.00 = £8.00 profit |
| Djokovic doesn’t win | -£20.00 + £20.00 (£21.05 minus 5% commission) = £0.00 |
So if Djokovic doesn’t win the 2016 Australian Open, we break even and there’s no harm done, however, if he does win, we will make a nice risk-free profit of £8.00 on this Unibet offer.
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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.