New Zealand v England Offer – Betfred

It’s New Zealand v England in the Cricket World Cup Final 2019 on Sunday and you don’t want to miss this Betfred ‘Bet £10, Get £5’ offer! Place a pre-match single bet of £10.00 or more on New Zealand v England and Betfred will give us a £5.00 free bet to use in play. Translated into matched betting terms, this gives us a guaranteed profit of £3.23 and here’s how…

Key Terms:

  • We must place a pre-match single bet of £10.00 or more.
  • Qualifying bets must be placed at odds of 1.50 (1/2) or greater.
  • Applies to bets placed between 12:00 on Saturday 13th July 2019 and 10:30 (first ball) on Sunday 14th July 2019.

Qualifying Bet:

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

Having looked at the odds available, we could place our qualifying bet on New Zealand in the Match 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 £9.42…

Betfred logo

Place £10.00 on New Zealand @ 3.75 = Potential profit of £27.50

Smarkets logo

Lay £9.42 on New Zealand @ 4.00 = Potential liability of £28.26

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

Outcome Bookie Exchange Profit/Loss
New Zealand win +£27.50 -£28.26 £0.76 loss
New Zealand don’t win -£10.00 +£9.23 £0.77 loss

So, regardless of the result, we’ll lose a maximum of £0.77 in qualifying for our £5.00 free bet.

Free Bet:

Our £5.00 free bet will be credited by 11:00 on Sunday 14th July 2019 and will be valid until 09:00 on Monday 15th July 2019.

By using straightforward matched betting, we should be able to extract 80% cash from our £5.00 free bet, so £4.00. If we take into account our maximum qualifying loss of £0.77, this gives us a guaranteed profit of £3.23 on this Betfred offer!

* Both teams scored 241 runs, meaning the match was drawn and a Super Over was required. Smarkets cricket rules state that if a result is determined by a super-over, remaining undetermined markets, including the winner market, will be voided. Unfortunately for us, this meant we lost £10.00 on our qualifying bet, resulting in an overall loss of £6.00 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.