Premier League Darts Offer – Betfred

It’s Night 2 of the Premier League of Darts 2021 on Tuesday and Betfred are getting in on the action! Simply place a £10.00+ bet on Tuesday’s Premier League Darts and Betfred will give us a £5.00 free bet to use Wednesday. Translated into matched betting terms, this gives us a guaranteed profit of £3.30 and here’s how…

Key terms

  • Applies to single bets placed on the Premier League Darts, played on Tuesday 6th April 2021.
  • Applies to bets placed after 09:00 on Tuesday 6th April 2021.
  • Minimum stake of £10.00.
  • Minimum odds of 1.50 (1/2).

Qualifying bet

If you’d like more information about qualifying bets and how they work, please see my qualifying bets guide.

It’s entirely up to you what you place your qualifying bet on. At the time of writing, Peter Wright is back odds of 2.875 (15/8) to beat Michael van Gerwen. The lay odds are currently 3.05.

Either exchange works for this offer

Betfair and Smarkets are both great options for this offer. If you’ve not used one of them, now is a great time to give them a try.

  • 2% commission for all new signups
  • 0% commission for 60 days

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 £9.49…

Betfred logo

Place £10.00 on Peter Wright @ 2.875 = Potential profit of £18.75

Betfair logo

Lay £9.49 on Peter Wright @ 3.05 = Potential liability of £19.45

Outcomes

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

OutcomeBetfredBetfairProfit/Loss
Peter Wright wins+ £18.75– £19.45£0.70 loss
Peter Wright loses or draws– £10.00+ £9.30£0.70 loss

So, no matter the outcome, we’ll lose £0.70 in qualifying for our £5.00 free bet.

Free bet

Our £5.00 free bet will be credited by 17:00 on Wednesday 7th April 2021 and will be valid until 09:00 on Thursday 8th April 2021.

Using straightforward matched betting, we should be able to convert our free bet into 80% cash, so £4.00. If we take into account our qualifying loss of £0.70, this gives us a guaranteed profit of £3.30 on this Betfred offer!

* Michael van Gerwen beat Peter Wright 7-2, resulting in a profit of £3.30 on this Betfred offer. *

Got a question?
Leave me a comment below

I usually respond within 24 hours.

Matt Kirman - Matched Betting Blogger

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £60,000 worth of profit, and made it my mission to make matched betting accessible to everyone.