It’s Betfair free bet time again! If your selected refund trigger (exclusive to us) occurs in the game (90 minutes plus injury time) Betfair will refund our first bet, should it lose, from pre-match MATCH ODDS, Correct Score, Anytime Correct Score, First, Last or Anytime Goalscorer 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.
We need to place our qualifying bet on the match odds market as this is where we will find the best odds for matching, which will keep our qualifying loss at a minimum. Chelsea are slight favourites to beat Manchester United and so I’ve selected them as my refund trigger. You have the option to select either a Manchester United win, a draw or an Chelsea win. Having looked at the odds on offer, I’ve placed my qualifying bet on a Manchester United win.
Place £25.00 on Man United @ 3.00 = Potential profit of £50.00
Lay £24.59 on Man United @ 3.10 = Potential liability of £51.64
Let’s have a look at our potential profit/loss for the three outcomes…
Man United win |
+£50.00 – £51.64 = £1.64 loss |
Chelsea win |
-£25.00 + £23.36 + £20.00 (Assumes an 80% return from our £25.00 free bet) = £18.36 profit |
Draw |
-£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 Chelsea win. If Chelsea don’t win, we stand to lose £1.64. Ordinarily, I would advise laying a small amount on a Chelsea win at Betfair to cover the potential loss but as the potential loss is really small and Chelsea are in great form, I’m happy to let this one run as it is.
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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.