£3.08
Guaranteed Profit
£3.08
Actual Profit

Betfair Exchange Free Bet Offer


Posted by Matt (administrator) Matt
Start Time: 29/06/2020 00:00

There’s another big week of sports action to look forward to and you don’t want to miss this Betfair Exchange free bet offer! Simply place £20.00+ in Exchange bets between Monday and Sunday and Betfair will give us a £5.00 free bet to start a free bet streak. Translated into matched betting terms, this gives us a guaranteed profit of £3.08 and here’s how…

Banner showing the Betfair Exchange free bet offer
Banner showing the Betfair Exchange free bet offer

Key Terms:

  • We must opt in on the promotion page, to be eligible.
  • We must place £20.00+ in Exchange bets between 00:00 on Monday 29th June 2020 and 23:59 on Sunday 5th July 2020.
  • Back bets must be placed at odds of 1.50 or greater.
  • In respect of lay bets, the liability will be considered as the stake.
  • Bets must settle with the promotional period to qualify.
  • £5.00 free bet will be valid on the Betfair Exchange for 72 hours.
  • Every time we place a winning bet with our free bet, we’ll receive another free bet matching the winning stake.

Qualifying Bet:

If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walk-through guide on how they should be done.

If you’re paying 2% commission with Betfair’s Basic package, you won’t be eligible for this ‘Bet & Get’ Exchange offer.

We’ll need to lay our bet at another exchange.

It’s entirely up to you what you place your qualifying bet on. Having looked at the odds available, we could place our qualifying bet on Chelsea (1.63) to beat West Ham in the Premier League on Wednesday.

We can calculate our lay stake using my 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 £19.73.

Betfair logo

Aim to lose no more than £0.75 on our qualifying bet

Outcomes:

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

OutcomeBetfairOther ExchangeProfit/Loss
Chelsea win+£11.97-£12.62£0.65 loss
Chelsea don't win-£20.00+£19.33£0.67 loss

So, regardless of the outcome, we’ll lose a maximum of £0.67 in qualifying for our £5.00 free bet.

Free Bet(s):

We’ll receive our £5.00 free bet upon settlement of our qualifying bet. The free bet will be valid on the Betfair Exchange for 72 hours, excluding SP bets and the following markets: Asian Handicap, Asian Total Goals, Spreads and Totals, Line Markets & Each Way.

Every time we place a winning bet with our free bet, we’ll receive another free bet matching the winning stake. The size of the free bet re-credited will be the stake in the case of back bets, or our liability in the case of lay bets (£5 max).

I think it’s best to just place and lay the free bet as normal and if it wins, the extra free bet will be a nice little bonus. You could always place your free bet at lower odds than normal if you wanted to maximise your chances of hitting a winner.

By using straightforward matched betting, we should be able to extract 75% cash from our initial £5.00 free bet, so £3.75. If we take into account our maximum qualifying loss of £0.67, this gives us a guaranteed profit of £3.08 on this Betfair Exchange offer!

* West Ham beat Chelsea 3-2, resulting in a profit of £3.08 on this Betfair Exchange offer. *

Comments


  1. Ryan Berry

    10

    We really should be aiming for at least £4 from the free bet surely? Considering the odds are close even with high odds
    2:2 draw is offering 22/23 odds which would actually give £4.25 after commission

    +0
    Reply
    1. Matt

      294

      It depends how you want to play it Ryan.

      There’s nothing wrong with going for long odds like you say and banking a bit more profit. This is a free bet streak offer though so some people may wish to go for lower odds and maximise their chances of hitting another free bet.

      +2
      Reply

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