Man Utd are the visitors to Stamford Bridge on Monday night and you don’t want to miss this 32Red Sport offer! Simply opt in and place a £20.00+ First Goalscorer bet on Chelsea v Man Utd and 32Red Sport will give us a £10.00 free bet to use on Day 1 of Cheltenham Festival 2017. Translated into matched betting terms, this gives us a guaranteed profit of £6.37 and here’s how…
Qualifying Bet:
We must opt in to this promotion before placing our qualifying bet, to be eligible.
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.
To be eligible for our £10.00 free bet, we must place a £20.00+ First Goalscorer bet on Chelsea v Man Utd (19:45 on Monday 13th March 2017). Qualifying bets must be placed after 00:01 on Saturday 11th March 2017.
The back and lay odds should tighten up as the match draws nearer. In the meantime I’ll use fictional odds in the following example and I’ll update the bottom of the post with my actual selection after the match.
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 £18.75…
Place £20.00 on Diego Costa @ 4.20 = Potential profit of £64.00
Lay £18.75 on Diego Costa @ 4.50 = Potential liability of £65.62
Let’s have a look at our potential profit/loss for the possible outcomes…
| Costa scores first | + £64.00 – £65.62 = £1.62 loss |
| Costa doesn’t score first | – £20.00 + £18.37 (£18.75 minus 2% commission) = £1.63 loss |
So, regardless of the outcome, we’ll lose a maximum of £1.63 in qualifying for our £10.00 free bet.
Free Bet:
Our £10.00 free bet will be credited by 12:00 on Tuesday 14th March 2017 and will be valid until 23:59 the same day. 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 maximum qualifying loss of £1.63, this gives us a guaranteed profit of £6.37 on this 32Red Sport 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.