A great basketball offer from Betfair. Stake 5 x £10.00 matched BACK Exchange bets (min odds per selection 1.5) on any NBA pre match or in-play fixtures taking place on Thursday 16th January 2014 (jump ball 00:05) and get a free £10.00 bonus credited to your account. Translated into matched betting terms, this gives us a minimum guaranteed profit of £6.85. And here’s how…
I’ve decided to lay all of my bets at Ladbrokes as I find their betting exchange easy to use and the liquidity and odds are usually pretty good. It’s entirely up to you what you bet on, but here are my selections…
Bet 1:
Place £10.00 on Milwaukee Bucks @ Betfair @ 3.15 = Potential profit of £21.50.
Lay £9.40 on Milwaukee Bucks @ Ladbrokes @ 3.40 = Potential liability of £22.56.
| Milwaukee Bucks win | +£21.50 – £22.56 = -£1.06 |
| Milwaukee Bucks don’t win | -£10.00 + £8.93 (£9.40 minus 5% commission) = -£1.07 |
Bet 2:
Place £10.00 on Washington Wizards @ Betfair @ 3.45 = Potential profit of £24.50.
Lay £9.86 on Washington Wizards @ Ladbrokes @ 3.55 = Potential liability of £25.14.
| Washington Wizards win | +£24.50 – £25.14 = -£0.64 |
| Washington Wizards don’t win | -£10.00 + £9.37 (£9.86 minus 5% commission) = -£0.63 |
Bet 3:
Place £10.00 on LA Clippers @ Betfair @ 1.53 = Potential profit of £5.30.
Lay £9.94 on LA Clippeers @ Ladbrokes @ 1.59 = Potential liability of £5.86.
| LA Clippers win | +£5.30 – £5.86 = -£0.56 |
| LA Clippers don’t win | -£10.00 + £9.44 (£9.94 minus 5% commission) = -£0.56 |
Bet 4:
Place £10.00 on Philadelphia 76ers @ Betfair @ 1.84 = Potential profit of £8.40.
Lay £10.00 on Philadelphia 76ers @ Ladbrokes @ 1.89 = Potential liability of £8.90.
| Philadelphia 76ers win | +£8.40 – £8.90 = -£0.50 |
| Philadelphia 76ers don’t win | -£10.00 + £9.50 (£10.00 minus 5% commission) = -£0.50 |
Bet 5:
Place £10.00 on Toronto Raptors @ Betfair @ 1.61 = Potential profit of £6.10.
Lay £10.13 on Toronto Raptors @ Ladbrokes @ 1.64 = Potential liability of £6.48.
| Toronto Raptors win | +£6.10 – £6.48 = -£0.38 |
| Toronto Raptors don’t win | -£10.00 + £9.62 (£10.13 minus 5% commission) = -£0.38 |
So regardless of the results, we will lose a maximum of £3.15 in order to claim our free £10.00 bonus credit, which gives us a minimum £6.85 profit on this offer.
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £100,000 worth of profit, and made it my mission to make matched betting accessible to everyone.