It’s Barcelona v Atletico Madrid in La Liga on Tuesday night and you don’t want to miss this Novibet free bet offer! Simply place a £30.00+ single bet on Barcelona v Atletico Madrid and Novibet will give us a £10.00 free bet. Translated into matched betting terms, this gives us a guaranteed profit of £7.55 and here’s how…
Key Terms:
- Applies to single pre-match or in play bets on any Barcelona v Atletico Madrid market.
- Minimum stake of £30.00.
- Minimum odds of 1.70 (7/10).
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 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 Barcelona in the Match Result market.
At the time of writing, laying our bet with Betfair gives us the smallest qualifying loss.
Betfair are currently offering new customers 0% commission up to £500 for the first 30 days.
If you’re an existing Betfair customer, you can opt in to pay just 2% commission by selecting their Basic reward plan.
For more information about My Betfair Rewards and how to opt in, please see my Betfair 2% Commission page.
We can calculate our lay stake using my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £30.16…
Place £30.00 on Barcelona @ 1.88 = Potential profit of £26.40
Lay £30.16 on Barcelona @ 1.89 = Potential liability of £26.84
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
| Outcome | Bookie | Exchange | Profit/Loss |
|---|---|---|---|
| Barcelona win | +£26.40 | -£26.84 | £0.44 loss |
| Barcelona don’t win | -£30.00 | +£29.55 | £0.45 loss |
So, regardless of the outcome, we’ll lose a maximum of £0.45 in qualifying for our £10.00 free bet.
Free Bet:
Our £10.00 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.
By using straightforward matched betting, we should be able to extract 80% cash from our £10.00 free bet, so £8.00. If we take into account our maximum qualifying loss of £0.45, this gives us a guaranteed profit of £7.55 on this Novibet offer!
* The match was drawn 2-2, resulting in a profit of £7.55 on this Novibet offer. *
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £100,000 worth of profit, and made it my mission to make matched betting accessible to everyone.