Manchester City host Steaua Bucharest in the Champions League Play-Offs tonight and BetBright are getting in on the action! Simply place a £10.00 Correct Score bet on Manchester City v Steaua Bucharest and if it loses, BetBright will refund our stake as a free bet to be used on West Ham v Astra Giurgiu. Translated into matched betting terms, this gives us a guaranteed profit of £4.83 and here’s how…
Qualifying Bet:
This offer is only available on the BetBright app!
Qualifying bets must be placed between 00:00 on Tuesday 23rd August 2016 and 19:45 (kick-off) tonight (Wednesday 24th August 2016), to be eligible.
If you’ve read my risk-free bet strategy page, you’ll know that we need to find a Correct Score with high back and lay odds, that are tight. If we underlay our bet instead of matching it completely, we can guarantee ourselves a profit on any outcome. Having looked at the odds available, I’ve opted to place my qualifying bet on 2-1 to Manchester City.
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 stake using the ‘Risk-Free Bet’ setting on the matched betting calculator. We can enter £8.00 as our ‘Cashback’ figure as this is the amount we expect to extract from our £10.00 free bet, in the event that our qualifying bet loses…
As you can see, the calculator tells us that our lay stake should be £6.97…
Place £10.00 on 2-1 Man City @ 9.50 = Potential profit of £85.00
Lay £6.97 on 2-1 Man City @ 12.50 = Potential liability of £80.17
Let’s have a look at our potential profit/loss for the possible outcomes…
| 2-1 Man City | + £85.00 – £80.17 = £4.83 profit |
| Not 2-1 Man City | – £10.00 + £6.83 + £8.00 (extract 80% from our £10.00 free bet) = £4.83 profit |
So regardless of the result of the match, we will make a guaranteed profit of £4.83 on this BetBright offer!
If our qualifying bet loses, our free bet will be credited by 11:00 on Thursday 25th August 2016 and will be valid for 7 days. Free bet stakes are not included in any returns.
If you’re unsure how to extract 80% cash from a £10.00 free bet, please see my free bet strategy page for a walk-through guide on 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.