A nice in-play offer from Betfred. Place an in-play bet of £10.00 or more (at odds of 1.50 or greater) on the Champions League Final between Real Madrid and Atlético Madrid and if it loses, Betfred will give us a £10.00 free bet. Translated into matched betting terms, this gives us a guaranteed profit of approximately £5.95 and here’s how…
Step 1:
We need our Betfred bet to lose in order to receive our free bet. We therefore need to select a bet with fairly long odds and hope it doesn’t come in. As the qualifying bet is an in-play bet, we won’t know what odds are available until the game has kicked off, but the following odds will give you an idea of how this offer might work out.
Place £10.00 on Real to win on penalties @ 10.00 = Potential profit of £90.00
Lay £8.37 on Real to win on penalties @ 12.00 = Potential liability of £92.07
Step 2:
Let’s have a look at our potential profit/loss for the two outcomes…
| Real win on penalties | +£90.00 – £92.07 = £2.07 loss |
| Real don’t win on penalties | -£10.00 + £7.95 (£8.37 minus 5% commission) = £2.05 loss |
So as long as Real Madrid don’t win via a penalty shootout, we would lose £2.05 in qualifying for our £10.00 free bet. If Real were to win on penalties, we would lose £2.07 with no free bet.
Step 3:
If our in-play bet loses, our free bet will be credited within 48 hours. By using straightforward matched betting, we should be able to extract at least 80% of the free bet, so approximately £8.00. If we take into consideration our estimated qualifying loss of £2.05, we should make around £5.95 profit on this offer.
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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.