There’s plenty of International football to get stuck into this week and BetBright are getting in on the action! Place a bet on any International Friendlies being played between Wednesday 23rd March 2016 and Tuesday 29th March 2016 and BetBright will give us a £5.00 free bet for every £20.00 staked up to a maximum of £25.00 in free bets. Translated into matched betting terms, this gives us a guaranteed profit of £14.42 and here’s how…
Qualifying Bet:
If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walk-through guide on how it should be done.
Qualifying bets must be placed on the Match Odds (1X2) markets at minimum odds of 1.66 (4/6) or greater, to be eligible for the free bets. In order to claim the maximum amount of £25.00 in free bets, we will need to stake a total of £100.00. Having looked at the odds available, I’ve opted to place my qualifying bet on Czech Republic beating Scotland.
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 stakes using my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £98.90…
Place £100.00 on Czech Republic @ 1.80 = Potential profit of £80.00
Lay £98.90 on Czech Republic @ 1.84 = Potential liability of £83.08
Let’s have a look at our potential profit/loss for the possible outcomes…
| Czech Republic win | + £80.00 – £83.08 = £3.08 loss |
| Czech Republic don’t win | – £100.00 + £96.92 = £3.08 loss |
So regardless of the result of match, we will lose £3.08 in qualifying for our 5 x £5.00 free bets.
Free Bets:
Our 5 x £5.00 free bets will be credited by 11:00 on Wednesday 30th March 2016 and must used on the Euro 2016 Outright market.
By using straightforward matched betting, we should be able to extract at least 70% from our 5 x £5.00 free bets as cash, so around £17.50. At the time of writing, World Champions, Germany are odds of 4.25 at BetBright with lay odds of 4.40 at Betfair. If we take into account our qualifying loss of £3.08, this gives us a guaranteed profit of £14.42 on this BetBright 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.