It’s Betfair free bet time again! Simply place a pre-match Sportsbook single bet on Costa Rica v England and if England lose, Betfair will refund all losing bets as a free bet up to a maximum of £25.00. Translated into matched betting terms, this gives us a potential profit of £17.88 and here’s how…
Qualifying Bet:
If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walkthrough guide on how to place your qualifying bets.
It makes sense to stick to the match odds market for this offer as this will be cheapest to lay at the betting exchange. We need to select either an England win or a draw. This will ensure that we get a free bet refund if England lose as our qualifying bet will have lost. Having looked at the odds available, I’ve opted for an England win.
Place £25.00 on England @ 1.85 = Potential profit of £21.25
Lay £24.09 on England @ 1.97 = Potential liability of £23.37
Let’s have a look at our potential profit/loss for the various outcomes…
|
England win |
+£21.25 – £23.37 = £2.12 loss |
|
Costa Rica win |
-£25.00 + £22.88 + £20.00 (Assumes an 80% return from our £25.00 free bet) = £17.88 profit |
|
Draw |
-£25.00 + £22.88 = £2.12 loss |
If you’re not sure how to extract 80% of our £25.00 free bet, please see my Free Bet Strategy page for a walkthrough guide on how it should be done.
So we will make £17.88 profit if Costa Rica win the game! If Costa Rica don’t win the game, we will make a loss of £2.12, which I’m sure you’ll agree is a risk worth taking as the odds of Costa Rica beating England are currently 4.20.
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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.