It’s Betfair free bet time again! Simply place a pre-match Sportsbook single bet on England v Italy 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 £18.36 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 a draw.
Place £25.00 on a draw @ 3.00 = Potential profit of £50.00
Lay £24.59 on a draw @ 3.10 = Potential liability of £51.64
Step 2:
Let’s have a look at our potential profit/loss for the various outcomes…
Draw |
+£50.00 – £51.64 = £1.64 loss |
Italy win |
-£25.00 + £23.36 + £20.00 (Assumes an 80% return from our £25.00 free bet) = £18.36 profit |
England win |
-£25.00 + £23.36 = £1.64 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 £18.36 profit if Italy win the game! If Italy don’t win the game, we will make a small loss of £1.64, which I’m sure you’ll agree is a risk worth taking as the odds of Italy beating England are currently 2.98.
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.