🚨 BIG ANNOUNCEMENT: 0% commission with Smarkets for all MBB users!   Find out more

Betfair Exchange – Belgium v Canada Offer

It’s Belgium v Canada at World Cup 2022 on Wednesday night, and Betfair are getting in on the action! Place an Exchange bet of up to £10.00 on ‘Belgium to win’, and if your bet loses, your stake will be refunded as a free bet. Translated into matched betting terms, this gives you a profit of £2.59 and here’s how…

Key terms

  • Place an Exchange bet of up to £10.00 on ‘Belgium to win‘ (v Canada).
  • Applies to bets placed between 09:00 on Tuesday 22nd November 2022, and 19:00 (kick-off) on Wednesday 23rd November 2022.
  • Applies to your first bet placed on the selected market only.
  • Applies to back bets only; lay bets do not qualify.
  • Money back as a free bet if your bet loses.
  • Betfair Rewards ‘Basic’ customers are excluded from this promotion.
  • If eligible, your free bet will be credited within 24 hours.
  • The free bet will be valid on any football exchange market for 7 days.

Qualifying bet

If your qualifying bet loses, Betfair will refund your stake as a free bet, so you can treat this as a ‘Money Back if Bet Loses‘ offer.

You can work out your lay stake using the ‘Money Back if Bet Loses‘ setting on my Matched Betting Calculator. You can enter ‘£8.00‘ as your ‘Cashback’ figure as that is the amount you can expect to convert your £10.00 free bet into, should your bet lose.

Select bet type

Back Bet (Bookie)

Advanced
%

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 you that your lay stake should be £4.69.

Place £10.00 on ‘Belgium to win’ @ 1.55 = Potential profit of £5.23

Lay £4.69 on ‘Belgium’ (Full-time result) @ 1.56 = Potential liability of £2.62

Outcomes

Let’s look at your profit/loss for the possible outcomes.

OutcomeBetfairExchangeFree BetProfit/Loss
Belgium win+ £5.23– £2.62£2.61 profit
Belgium lose or draw– £10.00+ £4.59+ £8.00£2.59 profit

So, no matter the outcome, you’ll make a minimum profit of £2.59 on this Betfair Exchange offer!

If you’re unsure how to convert your £10.00 free bet into £8.00 cash (80%), please see my ‘Free Bets Guide‘ for a walkthrough.

* Belgium won the match 1-0, resulting in a £2.61 profit on this Betfair Exchange offer. *

Got a question?
Leave me a comment below

I usually respond within 24 hours.

Matt Kirman - Matched Betting Blogger

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £60,000 worth of profit, and made it my mission to make matched betting accessible to everyone.