It’s Arsenal v Everton in Sunday’s late kick-off and you don’t want to miss this Money Back Special from SportPesa! Place a bet of up to £200.00 on any market for Arsenal v Everton and if our bet loses, SportPesa will refund 20% of our stake as a bonus, up to a maximum of £40.00. Translated into matched betting terms, this gives us a guaranteed profit of £10.14 and here’s how…
Key Terms:
- The minimum and maximum qualifying stakes are £5.00 and £200.00 respectively.
- Qualifying bets must be placed between 10:00 on Friday 21st September 2018 and 16:00 (kick-off) on Sunday 23rd September 2018.
- We must place our bet at odds of 2.00 (evens) or greater.
- If our bet loses, SportPesa will refund 20% of our stake as a bonus.
Qualifying Bet:
If you’re unsure about how to place qualifying bets, check out my Qualifying Bet Strategy page for a walk-through guide on how it should be done.
Losing stakes are partially refunded as a bonus, so this is effectively a risk-free bet offer.
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 Full Time‘ market.
At the time of writing, laying our bet with Smarkets gives us the biggest guaranteed profit.
We can calculate our lay stake by using the ‘Risk-Free Bet‘ setting on my matched betting calculator. We can enter £32.00 as our ‘Cashback’ figure as this is the amount we can expect to extract (80%) from our £40.00 bonus refund, should our bet lose…
As you can see, the calculator tells us that our lay stake should be £181.78…
Place £200.00 on a draw @ 5.05 = Potential profit of £810.00
Lay £181.78 on a draw @ 5.40 = Potential liability of £799.83
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
Draw | + £810.00 – £799.83 = £10.17 profit |
Not a draw | – £200.00 + £178.14 + £32.00 (extract 80% from our £40.00 bonus) = £10.14 profit |
So, regardless of the outcome, we’ll make a guaranteed profit of £10.14 on this SportPesa offer!
If our selection loses, our bonus will be credited within 48 hours of our qualifying bet being settled and will be valid for 5 days.
The bonus stake is not included in any returns, so we can treat it exactly the same as a stake not returned free bet.
If you’re unsure how to extract around 80% cash from a £40.00 stake not returned bonus, check out my Free Bet Strategy page for a walk-through guide on how it should be done.
* Arsenal won the match 2-0, resulting in a profit of £10.14 on this SportPesa 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.