Germany and England step up their Euro 2016 preparations tonight and Betfred are getting in on the action! Place a £10.00 or £20.00 pre-match single on Germany v England and Betfred will give us a 50% stake match (either £5.00 or £10.00) as a free bet to use in play on the game. Translated into matched betting terms, this gives us a guaranteed profit of £7.05 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.
Qualifying bets must be placed pre-match at minimum odds of 1.50 (1/2) or greater. In order to claim the maximum £10.00 free bet, we will need to stake £20.00. It’s entirely up to you what you place your qualifying bet on, but having looked at the odds available, I’ve opted to place my qualifying bet on a Germany win.
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 £19.95…
Place £20.00 on Germany @ 1.666 = Potential profit of £13.32
Lay £19.95 on Germany @ 1.69 = Potential liability of £13.77
Let’s have a look at our potential profit/loss for the two outcomes…
Germany win | + £13.32 – £13.77 = £0.45 loss |
Germany don’t win | – £20.00 + £19.55 = £0.45 loss |
So, regardless of the result of the match, we’ll lose £0.45 in qualifying for our £10.00 free bet.
Free Bet:
Our £10.00 free bet will be credited within 10 minutes of the match kicking off (19:45 on Saturday 26th March 2016) and will be valid for 7 days. Any free bets that haven’t been used after 7 days, will be removed. This implies that we don’t necessarily have to use them in play on the game, but I think it’s best that we do, just to be on the safe side.
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 £10.00 free bet as cash, so £7.50. If we take into account our qualifying loss of £0.45, this gives us a guaranteed profit of £7.05!
Extracting profit from a 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 it 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.
More reload offers – Make £300+ per month
With detailed walkthroughs for all the best offers as they’re released, you’ll be bagging recurring profits in no time.
More reload offers
Got a question?
Leave me a comment below…
I usually respond within 24 hours.
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.