France and Romania will get Euro 2016 underway tonight and 10Bet are getting in on the action! Simply opt-in to the promotion and bet £30.00 on France v Romania, and 10Bet will give us a £10.00 free bet. Translated into matched betting terms, this gives us a guaranteed profit of £5.56 and here’s how…
Qualifying Bet:
We must opt-in on the promotion page to be eligible for this offer.
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.
Qualifying bets must be placed pre-match or in play on France v Romania at minimum odds of 1.60 (3/5) or greater to be eligible.
It’s entirely up to you what you place your qualifying bet on. Having looked at the odds available, I’ve opted to place my qualifying bet on France winning the first half.
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 my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £28.13…
Place £30.00 on France (1X2 1st Half) @ 1.80 = Potential profit of £24.00
Lay £28.13 on France (Half-Time Result) @ 1.94 = Potential profit of £26.44
Let’s have a look at our potential profit/loss for the possible outcomes…
| France winning at half-time | + £24.00 – £26.44= £2.44 loss |
| France not winning at half-time | – £30.00 + £27.56 = £2.44 loss |
So, regardless of the score at half-time, we will lose £2.44 in qualifying for our £10.00 free bet.
Free Bet:
Our £10.00 free bet will be credited shortly after placement of our qualifying bet and must be used on any sport within 10 days. The Free Bet will always be used prior to real money. Free bet stakes are not included in any returns.
By using straightforward matched betting, we should be able to extract 80% of our £10.00 free bet as cash, so around £8.00. If we take into account our qualifying loss of £2.44, this gives us a guaranteed profit of £5.56 on this 10Bet offer.
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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.