Indian Premier League Offer – Betfred

It’s a big Thursday of Indian Premier League cricket action and you don’t want to miss this Betfred free bet offer! Simply bet £10.00+ on Mumbai Indians v Delhi Capitals and Betfred will give us a £5.00 free bet to use on Sunrisers Hyderabad v Royal Challengers Bangalore. Translated into matched betting terms, this gives us a guaranteed profit of £3.26 and here’s how…

Key Terms:

  • Applies to single bets on Mumbai Indians v Delhi Capitals on Thursday 5th November 2020.
  • Minimum stake of £10.00.
  • Minimum odds of 1.50 (1/2).

NOTE: There is a small risk involved if you decide to lay your bet at Betfair or Smarkets. In the event that the match is tied, a super over will decide the winner and all exchange bets will be voided. It’s a fairly unlikely outcome, but it means there’s a small chance you could lose your £10.00 stake at Betfred and not win your exchange bet. You can still lay your bet if you’re comfortable with the small risk, otherwise you should look at dutching your bet at a bookmaker with the same rules as Betfred.

Qualifying Bet:

If you’d like more information about dutching, please see my Dutching Guide for a walkthrough of how it 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 Mumbai Indians (4/6) in the Match Winner market.

At the time of writing, Paddy Power have the best odds for Delhi Capitals at 2.25 (5/4).

We can calculate our Delhi Capitals stake using the ‘First Selection‘ and ‘Standard Bet‘ settings on my Dutching Calculator

Select bet type

Selection 1

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Stake
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Return
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Profit/Loss
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Selection 2

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Stake
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Return
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Profit/Loss
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Total stake
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As you can see, the calculator tells us to stake £7.41 on Delhi Capitals in the Match Odds market…

Betfred logo

Place £10.00 on Mumbai Indians @ 1.667 = Potential profit of £6.67

Paddy Power logo

Place £7.41 on Delhi Capitals @ 2.25 = Potential profit of £9.26

Outcomes:

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

Outcome Betfred Paddy Power Profit/Loss
Mumbai Indians win + £6.67 – £7.41 £0.74 loss
Delhi Capitals win – £10.00 + £9.26 £0.74 loss

So, regardless of the outcome, we’ll lose £0.74 in qualifying for our free bet.

Free Bet:

Our £5.00 free bet will be credited by 14:00 on Friday 6th November 2020 and will be valid until 09:00 on Saturday 7th November 2020. Although the promotion page suggests using the free bet on Sunrisers Hyderabad v Royal Challengers Bangalore, Betfred free bets can usually be used on any sports market.

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 £0.74, this gives us a guaranteed profit of £3.26 on this Betfred offer!

* Mumbai Indians won by 57 runs, resulting in a profit of £3.26 on this Betfred offer. *

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £60,000 worth of profit, and made it my mission to make matched betting accessible to everyone.