BetBright Offer – Tottenham v West Ham

Tottenham host West Ham in the 16:00 kick-off today and BetBright are running a great little money-back offer! Simply place a £10.00 correct score bet on Tottenham v West Ham and if it loses, BetBright will refund our stake as a free bet to be used on Crystal Palace v Sunderland on Monday. Translated into matched betting terms, this gives us a guaranteed profit of £4.30 and here’s how…

Qualifying Bet:

We need to find a selection that has tight back and lay odds. 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 Tottenham.

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 following matched betting calculator…

Back Bet (Bookie)

%

Lay Bet (Betting Exchange)

%

Min £
Max £
Lay stake required: £
Bookie
Exchange
Cashback
Total
If back (bookie) bet wins
£
£
£
= £
If lay (exchange) bet wins
£
£
£
= £
Total profit: £

Optimal Underlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

Optimal Overlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

As you can see, the calculator tells us that our lay stake should be £6.94…

betbright

Place £10.00 on 2-1 Tottenham @ 7.40 = Potential profit of £64.00

smarkets white

Lay £6.94 on 2-1 Tottenham @ 9.60 = Potential liability of £59.70

Let’s have a look at our potential profit/loss for the possible outcomes…

2-1 Tottenham +£64.00 – £59.70 = £4.30 profit
Not 2-1 Tottenham -£10.00 + £6.80 + £7.50 (extract 75% from our £10.00 free bet) = £4.30 profit

So regardless of the result of the match, we will make a guaranteed profit of £4.30 on this BetBright offer!

If our qualifying bet loses, our free bet will be credited by 12:00 on Monday 23rd November 2015 and must be used on the correct score market for Crystal Palace v Sunderland.

If you’re not sure how to extract 75% of the £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

Matt KirmanMatched 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.