Joshua v Ruiz Jr Offer – Betfred

It’s Anthony Joshua v Andy Ruiz Jr on Saturday night and Betfred are getting in on the action! Simply place a £10.00+ pre-fight bet on Joshua v Ruiz Jr and Betfred will give us a £5.00 free bet for every knockdown that is recorded. Translated into matched betting terms, this gives us a potential profit of £11.71 and here’s how…

Key Terms:

  • The minimum stake to qualify is £10.00.
  • Our qualifying bet must be placed pre-fight on Joshua v Ruiz Jr at odds of 1.50 (1/2) or greater.
  • We’ll receive a £5.00 free bet every time a knockdown is recorded.

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 what you place your qualifying bet on. Having looked at the odds available, we could place our qualifying bet on Andy Ruiz Jr in the Bout Winner market.

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 £9.91…

Betfred logo

Place £10.00 on Andy Ruiz Jr @ 3.25 = Potential profit of £22.50

Smarkets logo

Lay £9.91 on Andy Ruiz Jr @ 3.30 = Potential liability of £22.79

Outcomes:

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

Outcome Bookie Exchange Profit/Loss
Andy Ruiz Jr wins +£22.50 -£22.79 £0.29 loss
Andy Ruiz Jr doesn’t win -£10.00 +£9.71 £0.29 loss

So, regardless of the outcome, we’ll lose £0.29 in qualifying for our potential free bets.

Free Bets:

We’ll receive a £5.00 free bet for every knockdown that is recorded. Free bets will be credited within 24 hours of our qualifying bet being settled and will be valid until 09:00 on Monday 9th December 2019.

By using straightforward matched betting, we should be able to extract 80% cash from any free bet.

If three knockdowns are recorded, we’ll receive £15.00 in free bets, from which we can extract £12.00 cash. If we take into account our qualifying loss of £0.29, this gives us a potential profit of £11.71 on this Betfred offer!

* Anthony Joshua won the fight by unanimous points decision and there were no knockdowns, resulting in a loss of £0.29 on this Betfred 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.