888sport Offer – Premier League Profit Boost

There’s plenty of Premier League action to look forward to this weekend and you don’t want to miss this 888sport offer! Simply place a bet on any Premier League match and 888sport will apply a 50% boost to our winnings! Translated into matched betting terms, this gives us a minimum guaranteed profit of £3.21 and here’s how…

Qualifying bet:

The maximum stake for this offer is £10.00.

To be eligible for this offer, we must deposit £20.00+ using the deposit code ‘888PLBoost’ between Friday 5th May 2017 and Monday 8th May 2017. A profit boost token will then be credited to our account.

Our profit boost token gives us a 50% boost on our winnings. Only the fractional odds are boosted by 50%, so say we back a selection at 10/1 (11.00), our boosted odds would be 15/1 (16.00).

Having looked at the odds available, I’ve opted to place my qualifying bet on Watford (21/4) in Leicester City v Watford (Match Odds market)…

21 / 4 = 5.25… 5.25 * 1.50 = 7.875… 7.875 + 1.00 = 8.875

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 stake by entering our boosted odds into the 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 £13.49…

888sport logo

Place £10.00 on Watford @ 8.875 = Potential profit of £78.75

smarkets logo

Lay £13.49 on Watford @ 6.60 = Potential liability of £75.54

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

Watford win + £78.75 – £75.54 = £3.21 profit
Watford don’t win – £10.00 + £13.22 (£13.49 minus 2% commission) = £3.22 profit

So, regardless of the outcome, we’ll make a minimum guaranteed profit of £3.21 on this 888sport 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 £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.