Betfair Offer – Premier League Double Odds

It’s Week 27 of the Premier League 2016/17 and you don’t want to miss this Betfair Sportsbook offer. Place a pre-match single bet on the First, Last or Anytime Goalscorer market in any Premier League match this weekend, and if our winning selection scores again, Betfair will double our odds on that market. Translated into matched betting terms, this gives us a potential profit of £50.00+ and here’s how…

Betfair Offer - Premier League Double Odds

Qualifying Bets:

This weekend’s eligible matches are as follows…

Fixture Kick-Off Date
Man Utd v Bournemouth 12:30 Saturday 4th March 2017
Leicester v Hull 15:00 Saturday 4th March 2017
Stoke v Middlesbrough 15:00 Saturday 4th March 2017
Swansea v Burnley 15:00 Saturday 4th March 2017
Watford v Southampton 15:00 Saturday 4th March 2017
West Brom v Crystal Palace 15:00 Saturday 4th March 2017
Liverpool v Arsenal 17:30 Saturday 4th March 2017
Tottenham v Everton 13:30 Sunday 5th March 2017
Sunderland v Man City 16:00 Sunday 5th March 2017
West Ham v Chelsea 20:00 Monday 6th March 2017

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

In order to be eligible for this offer, our £10.00 (max.) qualifying bet must be placed pre-match on either the First, Last or Anytime Goalscorer market. If our selection wins and then scores again, Betfair will double our odds. Winnings will be paid in cash at the normal price and then topped up to double odds with free bets. So, for example, if we place £10.00 on a winning Goalscorer at odds of 6.00 (5/1), we would receive £60.00 in cash and £50.00 in free bets, if he scores again.

It’s best that we place our qualifying bets on the First Goalscorer market as this gives us the best effective odds.

The terms state this offer is limited to one per person. This just means that we can only use one account for this offer, so we’re okay to bet on multiple matches (live chat).

It’s entirely up to you which matches you place your qualifying bets on. The lay odds are unlikely to be tight enough until the run up to kick-off, so I’ll use fictional odds for Man Utd v Bournemouth in the following example and I’ll update the bottom of this post with my actual selection after the matches have been played.

I like to place my exchange lay bets with Smarkets as they have great liquidity, the site is really easy to use and they only charge 2% commission in comparison to the 5% charged by other betting exchanges.

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 £9.77…

betfair

Place £10.00 on Zlatan Ibrahimovic @ 3.40 = Potential profit of £24.00

smarkets white

Lay £9.77 on Zlatan Ibrahimovic @ 3.50 = Potential liability of £24.43

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

Ibrahimovic scores first and then doesn’t score again + £24.00 – £24.43 = £0.43 loss
Ibrahimovic scores first and then scores again anytime + £24.00 – £24.43 + £19.20 (80% extracted from £24.00 free bet) = £18.77 profit
Ibrahimovic doesn’t score first – £10.00 + £9.57 = £0.43 loss

So, if Ibrahimovic scores first and then scores again anytime, we’ll make a nice profit of £18.77. Any other outcome and we’ll have made a small loss of £0.43. Risking £0.43 to make a profit of £18.77, gives us effective odds of 44.65, so given that the odds on Ibrahimovic scoring two or more goals are only 3.25, this is a very profitable offer in the long run, even though we need him to score the first goal.

This offer is available on all ten matches. It’s entirely up to you what you place your qualifying bets on. I’ll update the following table with my actual selections once the matches have been played…

Fixture Selection Back Odds Lay Odds Qualifying Loss Potential Profit
Man Utd v Bournemouth Ibrahimovic 3.40 3.50 £0.43 £18.77
Leicester v Hull
Stoke v Middlesbrough
Swansea v Burnley
Watford v Southampton
West Brom v Crystal Palace
Liverpool v Arsenal Giroud 7.00 7.40 £0.70 £47.30
Tottenham v Everton Kane 3.80 4.20 £1.09 £21.31
Sunderland v Man City Aguero 3.40 3.90 £1.41 £17.79
West Ham v Chelsea Costa 4.50 5.00 £1.14 £26.86

Free bets will be credited within 12 hours of each match ending and will be valid for 48 hours. Free bet stakes are not returned with any winnings.

If you’re unsure how to extract 80% of any free bet, check out my Free Bet Strategy page for a walk-through guide on how it should be done.

Got a question?
Leave me a comment below…

I usually respond within 24 hours.

Matt Kirman - Matched Betting Blogger

Matt KirmanMatched 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.