Arsenal v Chelsea Offer – 10Bet

It’s Arsenal v Chelsea on Sunday and 10Bet are getting in on the action! Simply place a single bet of £100.00+ on Arsenal v Chelsea and 10Bet will give us a £5.00 free bet for every goal scored in the match. Translated into matched betting terms, this gives us a potential profit of £23.98 and here’s how…

Key Terms:

  • We must opt-in on the promotion page to be eligible.
  • The minimum stake to qualify is £100.00.
  • We must place our bet at odds of 1.80 (4/5) or greater.
  • Qualifying bets must be placed between 00:01 and 14:00 (kick-off) on Sunday 29th December 2019.

Qualifying Bet:

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.

It’s entirely up to you what you place your qualifying bet on. Having looked at the odds available, we could place our qualifying bet on a Draw in the 1X2 FT market.

At the time of writing, laying our bet at Smarkets gives us the smallest qualifying loss.

Smarkets are currently offering £10.00 risk-free every week to both new and existing customers…

Banner showing the £10 Risk-Free Every Week offer from Smarkets

Banner showing the £10 Risk-Free Every Week offer from Smarkets

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 £97.94…

10Bet logo

Place £100.00 on a draw @ 3.80 = Potential profit of £280.00

Smarkets logo

Lay £97.94 on a draw @ 3.90 = Potential liability of £284.02

Outcomes:

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

Outcome Bookie Exchange Profit/Loss
Draw +£280.00 -£284.02 £4.02 loss
Not a draw -£100.00 +£95.98 £4.02 loss

So, regardless of the outcome, we’ll lose £4.02 in qualifying for our potential free bet.

Free Bet:

The free bet amount will be £5.00 multiplied by the amount of goals scored in the match and will be credited within 24 hours of our qualifying bet being settled. Free bets will be valid for 7 days and free bet stakes will not be included with any returns.

By using straightforward matched betting, we should be able to extract 80% cash from any free bet.

Therefore, if 7 goals are scored in the game, we’ll receive a £35.00 free bet, from which we can extract £28.00 cash. If we take into account our qualifying loss of 4.02, this gives us a potential profit of £23.98 on this 10Bet offer!

* Chelsea won the match 2-1, resulting in a profit of £7.98 on this 10Bet 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.