Arsenal host Chelsea in the Premier League tonight and you don’t want to miss this Betfred offer! Place a single bet of at least £10.00 on any pre-match market for Arsenal v Chelsea and Betfred will give us a £5.00 free bet to be used in play on the same match. Translated into matched betting terms, this gives us a guaranteed profit of £3.32 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 it should be done.
Qualifying bets must be placed at odds of 1.50 (1/2) or greater between 09:00 and 19:30 today (Wednesday 3rd January 2018), to be eligible.
Having looked at the odds available, we could place our qualifying bet on Chelsea in the Match Result market.
I like to place my exchange lay bets with Betfair as they have great liquidity and the site is really easy to use. Also, if we opt in, they are charging just 2% commission on Premier League Match Odds bets until 4th January 2018.
We can calculate our lay stakes using my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £9.77…
Place £10.00 on Chelsea @ 2.50 = Potential profit of £15.00
Lay £9.77 on Chelsea @ 2.58 = Potential liability of £15.43
Let’s have a look at our potential profit/loss for the possible outcomes…
| Chelsea win | + £15.00 – £15.43 = £0.43 loss |
| Chelsea don’t win | – £10.00 + £9.57 (£9.77 minus 2% commission) = £0.43 loss |
So, regardless of the result of the match, we’ll lose £0.43 in qualifying for our £5.00 free in play bet.
Free Bet:
Our £5.00 free bet will be credited within 15 minutes of kick-off (19:45 on Wednesday 3rd January 2018) and will be valid until 09:00 on Thursday 4th January 2018.
It’s impossible to know what odds will be available until the match has kicked off but by using straightforward matched betting, we should be able to extract 75% out of the £5.00 free bet as cash, so £3.75. If we take into account our qualifying loss of £0.43, this gives us a guaranteed profit of £3.32 on this Betfred 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.