It’s Week 11 of the Premier League Darts 2017 and 10Bet are getting in on the action! Simply place a pre-match Winner bet on any match in the Betway Premier League, and if the match ends in a draw, 10Bet will refund losing stakes as a free bet, up to £10.00. Translated into matched betting terms, this gives us an overall potential profit of £30.00+ and here’s how…
Qualifying Bets:
The schedule for tonight (Thursday 13th April 2017) is as follows…
| Start time | Fixture |
|---|---|
| 19:15 | Gary Anderson v Dave Chisnall |
| 20:00 | Michael van Gerwen v Peter Wright |
| 20:45 | Adrian Lewis v Raymond van Barneveld |
| 21:30 | Phil Taylor v James Wade |
| 22:15 | Peter Wright v Gary Anderson |
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.
We’ll need to place our bets on either player to win in the ‘Winner FT’ market. There are 12 legs in each match, so if the match ends in a 6-6 draw, 10Bet will refund losing bets as a free bet, up to a maximum of £10.00.
It’s entirely up to you who you go for. Having looked at the odds available for Michael van Gerwen v Peter Wright, I’ve opted to place my qualifying bet on Michael van Gerwen.
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…
As you can see, the calculator tells us that our lay stake should be £9.86…
Place £10.00 on van Gerwen @ 1.40 = Potential profit of £4.00
Lay £9.86 on van Gerwen @ 1.44 = Potential liability of £4.33
Let’s have a look at our potential profit/loss for the possible outcomes…
| van Gerwen wins | + £4.00 – £4.33 = £0.33 loss |
| Draw | – £10.00 + £9.66 + £8.00 (extract 80% from £10.00 free bet) = £7.66 profit |
| Wright wins | – £10.00 + £9.66 = £0.34 loss |
So, if the match is drawn, we’ll make a nice profit of £7.66. Any other outcome and we’ll make a maximum loss of £0.34. Risking £0.34 to make a profit of £7.66, gives us effective odds of 23.53. Given that the odds on a draw are 5.50, this is a profitable offer in the long run.
This offer is available on all five matches. It’s entirely up to you what you place your qualifying bets on. I’ll update the following table with my actual selections once the matches have been played…
| Fixture | Selection | Back Odds | Lay Odds | Qualifying Loss | Potential Profit |
|---|---|---|---|---|---|
| Anderson v Chisnall | Anderson | 1.526 | 1.51 | £0.04 | £7.97 |
| van Gerwen v Wright | van Gerwen | 1.40 | 1.44 | £0.34 | £7.66 |
| Lewis v van Barneveld | van Barneveld | 2.25 | 2.40 | £0.74 | £7.26 |
| Taylor v Wade | Taylor | 1.714 | 1.75 | £0.29 | £7.71 |
| Wright v Anderson | Wright | 2.55 | 2.78 | £0.95 | £7.05 |
If eligible, our free bets will be credited within 24 hours of our qualifying bets being settled and will be valid for 7 days. Free bets can be used on any sports market with odds between 1.80 (4/5) and 8.00 (7/1). Free bet stakes are not included in any returns.
If you’re not sure how to extract 80% cash from a free bet, please see my Free Bet Strategy page for a walk-through guide on how it should be done.
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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.