There’s a big day of Premier League action to look forward to and you don’t want to miss this BetBright price boost. They’ve enhanced Liverpool and Tottenham both to win from 2/1 to a tasty 5/2! Translated into matched betting terms, this gives us a risk-free potential profit of £10.63 and here’s how…
Price Boost Bet:
The maximum stake for this price boost is £20.00.
Place £20.00 on Liverpool & Tottenham to win @ 3.50 = Potential profit of £50.00
As both matches kick-off at different times and don’t overlap, we can lay each leg sequentially for a risk-free potential profit.
Match 1: West Ham v Liverpool (Kick-Off: 14:15)
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.
On the first match, we need to cover our original stake of £20.00. If we divide £20.00 by 0.98 (to account for the 2% Smarkets commission), this gives us a lay stake of £20.41…
Lay £20.41 on Liverpool @ 1.64 = Potential liability of £13.06
| If Liverpool win | – £13.06 = – £13.06 |
| If Liverpool don’t win | – £20.00 + £20.00 = £0.00 |
So, if Liverpool don’t win, the offer will be over and we’ll have broken even. However, if Liverpool do win, we’ll have lost £13.06 so far.
Match 2: Tottenham v Man Utd (Kick-Off: 16:30)
So, if Liverpool win, this means on the next match, we need to cover both the £13.06 loss from the first match plus our original stake of £20.00. If we divide £33.06 by 0.98 (to account for the 2% Smarkets commission), this gives us a lay stake of £33.74…
Lay £33.74 on Tottenham @ 1.78 = Potential liability of £26.31
| If Tottenham win | + £50.00 – £13.06 – £26.31 = £10.63 profit |
| If Tottenham don’t win | – £20.00 – £13.06 + £33.06 = £0.00 |
So, if Liverpool or Tottenham fail to win along the way, we’ll have broken even and there’s no harm done. However, if both teams win, we’ll have made a nice risk-free profit of £10.63!
I’d like to point out that the above workings are based on the lay odds that were available at the time of writing. If the lay odds fluctuate before we are able to place our lay bets, this may result in us making more potential profit, less potential or even a slight loss, so please bear that in mind before deciding whether or not to do this offer.
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £90,000 worth of profit, and made it my mission to make matched betting accessible to everyone.