Joshua v Ruiz Jr Offer – Bet UK

It’s Anthony Joshua v Andy Ruiz Jr on Saturday night and Bet UK are getting in on the action! Simply bet £10.00+ on the Round Betting market and Bet UK will give us a £10.00 free bet to place on another Round Betting selection. Translated into matched betting terms, this gives us a guaranteed profit of £4.01 and here’s how…

Key Terms:

  • The minimum stake to qualify is £10.00.
  • We must place our bet at odds of 6.00 (5/1) or greater.
  • Qualifying bets must be placed between 12:00:01 on Monday 2nd December 2019 and the first punch (21:00 approx.) on Saturday 7th December 2019.

Qualifying Bet:

If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walk-through guide on how they should be done.

It’s entirely up to you which Round Betting selection you place your qualifying bet on. Having looked at the odds available, we could place our qualifying bet on Anthony Joshua to Win In Round 7.

At the time of writing, laying our bet at Smarkets gives us the smallest qualifying loss.

We can calculate our lay stakes using my matched betting calculator…

Back Bet (Bookie)

%

Lay Bet (Betting Exchange)

%

Min £
Max £
Lay stake required: £
Bookie
Exchange
Cashback
Total
If back (bookie) bet wins
£
£
£
= £
If lay (exchange) bet wins
£
£
£
= £
Total profit: £

Optimal Underlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

Optimal Overlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

As you can see, the calculator tells us that our lay stake should be £6.51…

Bet UK logo

Place £10.00 on Anthony Joshua to Win In Round 7 @ 13.00 = Potential profit of £120.00

Smarkets logo

Lay £6.51 on Anthony Joshua Round 7 @ 20.00 = Potential liability of £123.69

Outcomes:

Let’s have a look at our potential profit/loss for the possible outcomes…

Outcome Bookie Exchange Profit/Loss
Joshua wins in Round 7 +£120.00 -£123.69 £3.69 loss
Joshua doesn’t win in Round 7 -£10.00 +£6.37 £3.63 loss

So, regardless of the outcome, we’ll lose a maximum of £3.69 in qualifying for our £10.00 free bet.

Free Bet:

Our £10.00 free bet must be placed before the fight starts at odds of 6.00 (5/1) or greater on the Round Betting market. Free bet stakes will not be included in any winnings.

By using straightforward matched betting, we should be able to extract around 75% cash from our £10.00 free bet, so £7.50.

At the time of writing, Anthony Joshua to Win In Round 11 has back odds of 23.00 and lay odds of 28.00, enabling us to extract at least £7.70 cash from our £10.00 free bet.

If we take into account our maximum qualifying loss of £3.69, this gives us a guaranteed profit of £4.01 on this Bet UK offer!

* Anthony Joshua won the fight by unanimous points decision, resulting in a profit of £4.07 on this Bet UK offer. *

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £70,000 worth of profit, and made it my mission to make matched betting accessible to everyone.