The Ashes 2021/22 series is underway, and you don’t want to miss this Hollywoodbets offer! Place a bet on the 1st Test, and if it loses, Hollywoodbets will refund 50% of our stake as a free bet up to £20.00. Translated into matched betting terms, this gives us a profit of £8.29 and here’s how…
Key terms
- Applies to bets placed on the 1st Test of The Ashes 2021/22 series.
- The 1st Test takes place between Wednesday 8th December 2021 and Sunday 12th December 2021.
- Minimum stake of £10.00.
- Minimum odds of 1.80 (4/5).
- If our bet loses, our free bet refund will equal 50% of our qualifying stake.
- Maximum free bet of £20.00.
Qualifying bet
If our qualifying bet loses, we’ll receive a free bet equal to 50% of our stake, up to a maximum of £20.00. We can therefore treat this as a risk-free bet offer.
At the time of writing, a draw is available at back odds of 4.75 (15/4). The lay odds are currently 5.30.
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
To qualify for the maximum 50% free bet refund of £20.00, we’ll need a qualifying back stake of £40.00.
We can work out our lay stake by using the ‘Risk-Free Bet’ setting on my Matched Betting Calculator. We can enter £16.00 as our ‘Cashback’ figure as this is the amount (80%) we can expect to convert our £20.00 free bet into, should our bet lose…
As you can see, the calculator tells us that our lay stake should be £32.95…
Place £40.00 on ‘X’ (Match Result) @ 4.75 = Potential profit of £150.00
Lay £32.95 on ‘The Draw’ (Match Odds) @ 5.30 = Potential liability of £141.68
Outcomes
Let’s have a look at our profit/loss for the two potential outcomes…
| Outcome | Hollywoodbets | Betfair | Free Bet | Profit/Loss |
|---|---|---|---|---|
| Draw | + £150.00 | – £141.68 | £8.32 profit | |
| Australia or England win | – £40.00 | + £32.29 | + £16.00 | £8.29 profit |
So, no matter the outcome, we’ll make a minimum profit of £8.29 on this Hollywoodbets offer!
If eligible, our free bet will be credited within 24 hours of the 1st Test finishing and valid on cricket markets for 7 days. Free bet stakes are not included in any returns.
If you’re unsure how to convert your free bet into 80% cash, please see my Free Bet Strategy page for a walkthrough of how it can be done.
* Australia won the 1st Test by 9 wickets, resulting in £8.29 profit on this Hollywoodbets 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.