Unibet Offer – England v West Indies

England host West Indies in their first ever day/night test match and Unibet are getting in on the action. Place a £10.00+ in play bet at odds of 3.00 (2/1) or greater on England v West Indies and if it’s a winner, Unibet will match our stake as a free in play bet, up to £10.00. Translated into matched betting terms, this gives us a potential profit of £8.20 and here’s how…

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.

The test match will be played over a maximum of five days between Thursday 17th August 2017 and Monday 21st August 2017.

Qualifying bets must be placed in play at odds of 3.00 (2/1) or greater, to be eligible. Only our first in play bet will be eligible for this offer.

We need to find a selection with tight back and lay odds as close to the 3.00 (2/1) as possible to give ourselves the best chance of bagging a free in play bet.

Having looked at the odds available, I’ve opted to place my qualifying bet on a draw in the Match market.

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 stake 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 £10.39…

Unibet logo

Place £10.00 on a draw @ 8.50 = Potential profit of £75.00

Smarkets logo

Lay £10.39 on a draw @ 8.20 = Potential liability of £74.80

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

Draw + £75.00 – £74.80 + £8.00 (80% of £10.00 free bet) = £8.20 profit
Not a draw – £10.00 + £10.18 (£10.39 minus 2% commission) = £0.18 profit

So, if the match is drawn, we’ll make a profit of £8.20, otherwise we’ll make a small qualifying profit of £0.18.

If our qualifying bet wins, our £10.00 free in play bet will be credited on the next working day after the game. Free bet stakes are not included in any returns.

If you’re not sure how to extract 80% of our £10.00 free in play bet, please see my Free Bet Strategy page for a walk-through guide on how it should be done.

Extracting profit from our free bets can be a little tricky when betting in play. One option is to wait until half-time, as the odds don’t fluctuate as much as when the game is live. If you place your free bet and then something happens in the game that changes the lay odds, it will affect your profit one way or the other.

Another option is to place it on 1-1, 2-1 or 3-1 whilst the score is at 0-0. By selecting a scoreline where both teams score, it reduces the risk of the odds fluctuating unfavourably.

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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.