Everton host Arsenal in the early kick-off today and BetBright are running a great little in play offer. Simply bet £20.00 pre-match on Everton v Arsenal and BetBright will give us a £10.00 risk-free in play bet on the same game! Translated into matched betting terms, this gives us a potential profit of £39.01 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 they should be done.
It’s entirely up to you what you place your qualifying bet on, as long as you place it at the minimum odds of 1.66 (4/6) or greater. Having looked at the odds available, I’ve opted to place my qualifying bet on an Arsenal win.
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 £19.40…
Place £20.00 on Arsenal @ 2.60 = Potential profit of £32.00
Lay £19.40 on Arsenal @ 2.70 = Potential liability of £32.99
Let’s have a look at our potential profit/loss for the possible outcomes…
Arsenal win | + £32.00 – £32.99 = £0.99 loss |
Arsenal don’t win | – £20.00 + £19.01 = £0.99 loss |
So regardless of the result of match, we will lose £0.99 in qualifying for our £10.00 risk-free in play bet.
Risk-Free In Play Bet:
Our £10.00 risk-free in play bet need to be placed at minimum odds of 1.66 (4/6) using our own funds. If our £10.00 in play bet loses, BetBright will refund our stake as a free bet within 1 hour of our in play bet settling. Free bets must be used by midnight tonight (23:59 Saturday 19th March 2016).
It’s entirely up to you how you want to play this…
If you can find some decent odds in play (preferably at half-time), then it could be worth using the ‘Risk-Free Bet’ setting on my matched betting calculator to bank somewhere between £4.00-£5.00 guaranteed profit.
However, I’m not so sure we’ll be able to find great in play odds, so I’ll be using this risk-free bet as a punt. If I hit a winner, happy days and if I don’t, I should be able to extract 80% out of the £10.00 free bet refund as cash. This means I stand to lose a maximum of £2.99, but I could win big.
If I were to place my £10.00 risk-free in play bet on a winning selection at odds of 5.00, I would have winnings of £40.00. If we take into account our qualifying loss of £0.99, this gives us a potential profit of £39.01 on this BetBright offer. I’ll update the bottom of this post with my actual in play selection after the game.
* I actually placed my free in play bet on ‘Over 2.5 Goals’ when the score was 2-0 to Arsenal. Arsenal won the game 2-0, meaning I made a loss of £2.99 on this BetBright offer. *
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Matt Kirman – Matched 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.