It’s Chelsea v Wolves in the Premier League on Saturday, and Betfair are getting in on the action! Place an Exchange bet of up to £10.00 on ‘Both teams to score – No’, 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 £3.00 and here’s how…
Key terms
- Place an Exchange bet of up to £10.00 on ‘Both teams to score – No‘ in Chelsea v Wolves.
- Applies to bets placed between 12:00 on Friday 7th October 2022 and 15:00 (kick-off) on Saturday 8th October 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 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.
As you can see, the calculator tells you that your lay stake should be £5.11.
Place £10.00 on ‘Both teams to score – No’ @ 1.72 = Potential profit of £6.84
Lay £5.11 on ‘No’ (Both teams to score) @ 1.75 = Potential liability of £3.83
Outcomes
Let’s look at your profit/loss for the possible outcomes.
| Outcome | Betfair | Exchange | Free Bet | Profit/Loss |
|---|---|---|---|---|
| Both teams to score – No | + £6.84 | – £3.83 | £3.01 profit | |
| Both teams to score – Yes | – £10.00 | + £5.00 | + £8.00 | £3.00 profit |
So, no matter the outcome, you’ll make a minimum profit of £3.00 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.
* Chelsea won the match 3-0, resulting in a £3.01 profit on this Betfair Exchange 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.