It’s Derek Chisora v Joseph Parker on Saturday night and you don’t want to miss this Novibet free bet offer! Simply place a £20.00+ pre-fight single bet on Chisora v Parker and Novibet will give us a £5.00 free bet. Translated into matched betting terms, this gives us a guaranteed profit of £2.33 and here’s how…
Key terms
- Applies to pre-fight single bets on Derek Chisora v Joseph Parker (starts at around 22:00 on Saturday 1st May 2021).
- Minimum stake of £20.00.
- Minimum odds of 1.70 (7/10).
Qualifying bet
If you’d like more information about qualifying bets and how they work, please see my qualifying bets guide.
It’s entirely up to you what you place your qualifying bet on.
At the time of writing, Joseph Parker By Decision or Technical Decision is available in the Fight Outcome market at back odds of 2.75 (7/4). The lay odds are currently 2.96.
Either exchange works for this offer
Betfair and Smarkets are both great options for this offer. If you’ve not used one of them, now is a great time to give them a try.
- Money back as cash up to £20
- 0% commission for 60 days
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 £18.71…
Place £20.00 on ‘Joseph Parker By Decision or Technical Decision’ @ 2.75 = Potential profit of £35.00
Lay £18.71 on ‘Parker by Dec/Tech Dec’ @ 2.96 = Potential liability of £36.67
Outcomes
Let’s have a look at our potential profit/loss for the possible outcomes…
| Outcome | Novibet | Betfair | Profit/Loss |
|---|---|---|---|
| Parker wins by decision or technical decision | + £35.00 | – £36.67 | £1.67 loss |
| Any other outcome | – £20.00 | + £18.33 | £1.67 loss |
So, no matter the outcome, we’ll lose £1.67 in qualifying for our £5.00 free bet.
Free bet
Our £5.00 free bet will be credited within 24 hours of our qualifying bet being settled and will be valid for 7 days. Free bet stakes are not included in any returns.
Using straightforward matched betting, we should be able to convert our free bet into 80% cash, so £4.00. If we take into account our qualifying loss of £1.67 this gives us a guaranteed profit of £2.33 on this Novibet offer!
* Joseph Parker won the fight on a split decision, resulting in a profit of £2.33 on this Novibet 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.