Betfred Offer – Arsenal v Tottenham

Arsenal face Tottenham in the Premier League today and Betfred are getting in on the action! Place a single bet of at least £10.00 on any pre-match market for Arsenal v Tottenham 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 £3.46 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 between 17:00 on Saturday 5th November 2016 and 12:00 (kick-off) on Sunday 6th November 2016, at odds of 1.50 (1/2) or greater, to be eligible.

Having looked at the odds available, I’ve opted to place my qualifying bet on Arsenal in the Match Result market.

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 stakes using my matched betting calculator…

As you can see, the calculator tells us that our lay stake should be £9.91…

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

So, regardless of the result of the match, we will lose £0.29 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 (12:00 on Sunday 6th November 2016) and will be valid until 09:00 on Monday 7th November 2016.

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 £0.29, this gives us a guaranteed profit of £3.46!

Extracting profit from our free bet can be a little tricky when betting in play. My advice is to wait until half-time to place your free bet and then lay them at Smarkets. This is simply because the odds don’t fluctuate as much as when the game is live. There’s nothing worse than placing a free bet on a market and then something happens in the game that changes the odds before you have chance to get your lay bet on! I tend to look at the correct score markets first and then if I can’t find anything suitable I move onto goal scorer markets.

If you can’t wait until half-time, you might want to look at placing it on 1-1, 2-1 or 3-1 whilst the score is at 0-0. By selecting a scoreline where both teams score, it reduces the risk of the odds fluctuating unfavourably.