A fantastic Australian Open offer from Youwin. Bet £10.00 pre-live on the women’s Aussie Open final and they’ll give us a £10.00 Free Bet on the Men’s final! Translated into matched betting terms, this gives us a guaranteed minimum profit of £6.35. And here’s how…
Step 1:
Our qualifying bet must be placed at mnimum odds of 1.5. Having looked at the odds available, I’ve decided to place my bet on Dominika Cibulkova to win.
Place £10.00 on Dominika Cibulkova @ Youwin @ 3.10 = Potential profit of £21.00.
Lay £8.86 on Dominika Cibulkova @ Betfair @ 3.55 = Potential liability of £22.59.
Step 2:
Let’s have a look at our current potential profit/loss for the two outcomes…
| Dominika Cibulkova wins | +£21.00 – £22.59 = -£1.59 |
| Dominika Cibulkova doesn’t win | -£10.00 + £8.42 (£8.86 minus 5% commission) = -£1.58 |
So regardless of the outcome, we will lose a maximum of £1.59 in order to claim our free £10.00 bet on the men’s final.
Step 3:
Our free bet will be credited to our accounts instantly and must be placed at minimum odds of 1.20. Having looked at the odds available, I’ve decided to place my free bet on Stanislas Wawrinka winning the final 3-2.
Place £10.00 free bet on Wawrinka 3-2 @ Youwin @ 15.25 = Potential profit of £142.50.
Lay £8.41 on Wawrinka 3-2 @ Betfair @ 17.00 = Potential liability of £134.56.
Step 2:
Let’s have a look at our potential profit/loss for the two outcomes…
| Wawrinka wins 3-2 | +£142.50 – £134.56 = +£7.94 |
| Wawrinka doesn’t win 3-2 | +£7.99 (£8.41 minus 5% commission) = +£7.99 |
So regardless of the result of the men’s final, we will make a minimum profit of £7.94 from our free bet. If we take into consideration our initial maximum loss of £1.59, we should make a minimum profit of £6.35 on this 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.