12BET Offer – Tottenham & Leicester Enhanced Double

There’s a big weekend of Premier League action to look forward to and 12BET are running a tasty little price boost. Place a double bet on Tottenham and Leicester City at the normal odds quoted on site and if it wins, 12BET will top our account balance up with a Price Boost. Translated into matched betting terms, this gives us a potential risk-free profit of £17.44 and here’s how…

Price Boost Bet:

The maximum stake for this offer is £10.00.

The current odds on Tottenham and Leicester City both winning are 5.99. This means that if our double wins, we will receive £59.90 cash (normal odds) and a £30.10 free bet (price boost up to 9.00). We know we can extract 80% of any free bet as cash, so in this case £24.08, giving us total cash returns of £83.98 and a profit of £73.98.

12bet

Place £10.00 on Tottenham and Leicester @ 5.99 = Potential profit of £73.98

Match 1: Tottenham v Arsenal (Kick-Off: 12:45 on Saturday 5th March 2016)

On the first match, we have to cover our original stake of £10.00. If we divide £10.00 by 0.98 (to account for the 2% Smarkets commission), this gives us a lay stake of £10.20.

smarkets white

Lay £10.20 on Tottenham @ 2.46 = Potential liability of £14.89

If Tottenham win – £14.89 = – £14.89
If Tottenham don’t win – £10.00 + £10.00 = £0.00

So if Tottenham don’t win, the offer will be over and we’ll have broken even. However, if Tottenham do win, we will have lost £14.89 so far.

Match 2: Watford v Leicester (Kick-Off: 17:30 on Saturday 5th March 2016)

So, if Tottenham win, this means on the next match we will have to cover both the £14.89 lost on the first match plus the original stake of £10.00. If we divide £24.89 by 0.98 (to account for the 2% Smarkets commission), this gives us a lay stake of £25.40.

smarkets white

Lay £25.40 on Leicester @ 2.64 = Potential liability of £41.65

If Leicester win – £14.89 – £41.65 + £73.98 = £17.44 profit
If Leicester don’t win – £10.00 – £14.89 + £24.89 = £0.00

So, if either Tottenham or Leicester fail to win along the way, we’ll have broken even and there’s no harm done. However, if Tottenham and Leicester both win, we’ll have made a nice risk-free profit of £17.44!

If our double wins, our free bet will be credited to our account within 24 hours of settlement.

I’d like to point out that the above workings are based on the lay odds that were available at the time of writing. If the lay odds fluctuate before we are able to place our lay bets, this may result in us making more potential profit, less potential or even a slight loss, so please bear that in mind before deciding whether or not to do this 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.