Grand Slam Of Darts 2018 Offer – Bwin

The Grand Slam Of Darts 2018 gets underway on Saturday and you don’t want to miss this Money Back Special from Bwin! Simply place a pre-match bet on any Grand Slam Of Darts match and if our bet loses, Bwin will give us our money back as a free bet, up to £10.00. Translated into matched betting terms, this gives us a guaranteed profit of £4.60 and here’s how…

Key Terms:

  • We must opt in on the promotion page to be eligible.
  • Minimum stake of £5.00.
  • Qualifying bets must be placed pre-match at odds of 1.50 (1/2) or greater.
  • The promotional period runs from Saturday 10th November 2018 until Sunday 18th November 2018.
  • If our bet loses, Bwin will refund our stake as a free bet, up to a maximum of £10.00.

Qualifying Bet:

If you’re unsure about how to place qualifying bets, check out my Qualifying Bet Strategy page for a walk-through guide on how it should be done.

Losing stakes are refunded as a free bet, so this is effectively a risk-free bet offer. We therefore need to select something with long odds.

Having looked at the odds available, we could place our qualifying bet on Jonny Clayton to beat Michael van Gerwen.

At the time of writing, laying our bet at Smarkets is likely to give us the biggest guaranteed profit.

We can work out our lay stake by using the ‘Risk-Free Bet’ setting on my matched betting calculator. We can enter £8.00 as our ‘Cashback’ figure as this is the amount we can expect to extract (80%) from our £10.00 free bet, should our bet lose…

Select bet type

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 £6.79…

Bwin logo

Place £10.00 on Jonny Clayton @ 8.25 = Potential profit of £72.50

Smarkets logo

Lay £6.79 on Jonny Clayton @ 11.00 = Potential liability of £67.90

Outcomes:

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

Jonny Clayton wins + £72.50 – £67.90 = £4.60 profit
Jonny Clayton doesn’t win – £10.00 + £6.65 + £8.00 (extract 80% from our £10.00 free bet) = £4.65 profit

So, regardless of the outcome, we’ll make a guaranteed profit of £4.60 on this Bwin offer!

If our selection loses, our free bet will be credited within 48 hours of our qualifying bet being settled. Free bets will be valid for 3 days and free bet stakes will not be returned with any winnings.

If you’re unsure how to extract around 80% cash from a £10.00 free bet, check out my Free Bet Strategy page for a walk-through guide on how it should be done.

* Jonny Clayton won the match 5-4 (legs), resulting in a profit of £4.60 on this Bwin 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.