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…
As you can see, the calculator tells us that our lay stake should be £6.94…
Place £10.00 on 2-1 Tottenham @ 7.40 = Potential profit of £64.00
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
Since 2014, I’ve blogged over £70,000 worth of profit, and made it my mission to make matched betting accessible to everyone.