It’s Arsenal v Everton in the Premier League on Friday night and you don’t want to miss this Novibet risk-free bet offer! Simply place a single in play bet of £10.00+ on Arsenal v Everton and if it loses, Novibet will credit our account with a £5.00 free bet. Translated into matched betting terms, this gives us a guaranteed profit of £2.50+ and here’s how…
Key terms
- Applies to first in play bet on Arsenal v Everton.
- Minimum stake of £10.00.
- Minimum odds of 1.70 (7/10).
- Maximum free bet of £5.00 if our bet does not win.
Qualifying bet
If our first in play bet of £10.00+ loses, Novibet will credit our account with a £5.00 free bet, so we can treat this as a risk-free bet offer.
We’ll need to place our bet at long odds in order to maximise our profit, though we won’t know what odds are available until the match is underway.
Let’s say Everton are back odds of 5.00 and lay odds of 5.30 to win the match.
Either exchange works for this offer
Betfair and Smarkets are both great options for this offer. If you’ve not used one of them, now is a great time to give them a try.
- Money back as cash up to £20
- 0% commission for 60 days
We can work out our lay stake by using the ‘Risk-Free Bet’ setting on my Matched Betting Calculator. We can enter £4.00 as our ‘Cashback’ figure as this is the amount we can expect to convert our £10.00 free bet into, should our bet lose…
As you can see, the calculator tells us that our lay stake should be £8.71…
Place £10.00 on Everton @ 5.00 = Potential profit of £40.00
Lay £8.71 on Everton @ 5.30 = Potential liability of £37.45
Outcomes
Let’s have a look at our potential profit/loss for the possible outcomes…
| Outcome | Novibet | Betfair | Free Bet | Profit/Loss |
|---|---|---|---|---|
| Everton win | + £40.00 | – £37.45 | £2.55 profit | |
| Everton lose or draw | – £10.00 | + £8.53 | + £4.00 | £2.53 profit |
So, as you can see, with some decent odds we should be able to make a guaranteed profit of £2.50+ on this Novibet offer!
If eligible, our free bet will be credited within 24 hours of our qualifying bet being settled and will be valid for 7 days. Free bet stakes are not included in any returns.
If you’re unsure how to convert your £5.00 free bet into £4.00 cash (80%), please see my free bets guide for a walkthrough of how it should be done.
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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.