West Ham host Leicester in the Premier League on Friday night and Betfair are getting in on the action! Place a £10.00 Exchange back bet on the Match Odds market for West Ham v Leicester and Betfair will give us a £5.00 free Sportsbook bet to use on a football multiple. Translated into matched betting terms, this gives us a potential profit of £20.00+ and here’s how…
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.
To qualify for a £5.00 free Sportsbook multiple bet, we must place a £10.00 Betfair Exchange back bet on the Match Odds market (minimum odds of 1.20) for West Ham v Leicester, which kicks off at 20:00 on Friday 24th November 2017. Our qualifying bet will be our first eligible bet placed after 10:00 on Tuesday 21st November 2017.
We’ll need to lay our bet at Smarkets as it’s against the terms of this offer to lay against our selections at Betfair.
It’s entirely up to you which outcome you place your qualifying bet on. Having looked at the odds available, we could place our qualifying bet on West Ham.
It’s worth noting that if you opted in earlier this month, Betfair are charging 2% commission on Premier League Match Odds bets throughout November 2017.
We can calculate our lay stake using my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £9.87…
Place £10.00 on West Ham @ 2.84 = Potential profit of £18.03
Lay £9.87 on West Ham @ 2.86 = Potential loss of £18.35
Let’s have a look at our potential profit/loss for the possible outcomes…
| West Ham win | + £18.03 – £18.35 = £0.32 loss |
| West Ham don’t win | – £10.00 + £9.67 (£9.87 minus 2% commission) = £0.33 loss |
So, we’ll make a maximum loss of £0.33 in qualifying for our £5.00 free multiple bet.
Free Bet:
Our £5.00 free bet will be credited between 22:00 on Friday 24th November 2017 and 10:00 on Saturday 25th November 2017 and must be used on a football multiple bet before 23:59 on Sunday 26th November 2017.
It’s up to you how you use the free multiple bet. One option is to lay it sequentially at Smarkets but I think we’re just as well placing it on a double and hoping to make a nice profit.
I’ll update the bottom of this post on Saturday with my suggested double. It depends on the odds of the double as to how much profit we stand to make.
If we were to hit a winner at odds of 5/1 and taking our maximum qualifying loss of £0.33 into account, that gives us a potential profit of £24.67 on this Betfair offer!
* A double of Newcastle and Stoke both to win was available at odds of 9.00. Unfortunately both teams failed to win, resulting in an overall loss of £0.33 on this Betfair offer. *
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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.