The Ashes 2015 gets underway on Wednesday and you won’t want to miss this Unibet offer. Simply place a £20.00 bet on the ‘Head to Head’ market (1X2) before the match starts and if the test is drawn, Unibet will refund losing bets as a bonus. Translated into matched betting terms, this gives us a potential profit of £17.25 and here’s how…
If you’re unsure about how to place qualifying bets, check out my Qualifying Bet Strategy page for a walkthrough guide on how it should be done.
We need to place our £20.00 qualifying bet on either England or Australia. This is due to the fact that only losing bets are refunded in the event that the test is drawn. Have looked at the odds on offer, I’ve opted to place my qualifying bet on Australia.
I like to place my exchange lay bets with Smarkets as they have great liquidity, the site is really easy to use and they only charge 2% commission in comparison to the 5% charged by other betting exchanges. We can calculate our lay stakes using the matched betting calculator.
Place £20.00 on Australia @ 1.90 = Potential profit of £18.00
Lay £18.63 on Australia @ 2.06 = Potential liability of £19.75
Let’s have a look at our potential profit/loss for the possible outcomes…
|Australia win||+£18.00 – £19.75 = £1.75 loss|
|Draw||-£20.00 + £18.25 + £19.00 (95% extracted from £20.00 bonus) = £17.25 profit|
|England win||-£20.00 + £18.25 = £1.75 loss|
So, if the test is drawn, we will make a nice profit of £17.25! We stand to lose £1.75 on any other outcome. Risking £1.75 for a potential profit of £17.25 gives us effective odds of 10.86. The fact that the odds of the match being drawn are only 3.40, makes this a very profitable offer in the long run.
The £20.00 bonus needs to be rolled over once at minimum odds of 1.40. By using straightforward matched betting, we should be able extract around 95% as cash.