It’s the final day of the Premier League 2016/17 season on Sunday and you don’t want to miss this Betfred offer! Simply place a pre-match bet on 3 or more Premier League fixtures and Betfred will give us a free bet to our average stake up to £10.00, to use in play. Translated into matched betting terms, this gives us a guaranteed profit of £6.30 and here’s how…
Qualifying Bets:
If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy for a walk-through guide on how they should be done.
Qualifying bets must be placed at odds of 1.50 (1/2) or greater between 00:00 on Saturday 20th May 2017 and 14:30 on Sunday 21st May 2017, to be eligible.
To qualify for the maximum £10.00 free bet, we must place bets totalling £30.00 across 3 separate Premier League fixtures being played on Sunday 21st May 2017
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 the matched betting calculator.
Aim to lose no more than £0.40 on each of our 3 qualifying bets
So, we’ll lose approximately £1.20 in qualifying for our £10.00 free bet.
Free Bet:
Our £10.00 free in play bet will be credited by 15:15 on Sunday 21st May 2017 and will be valid until 09:00 on Monday 22nd May 2017.
By using straightforward matched betting, we should be able to extract at least 75% of the £10.00 free bet as cash, so around £7.50. If we take into consideration our total qualifying loss of £1.20, we should make a guaranteed profit of £6.30 on this Betfred offer!
Extracting profit from our free bet can be a little tricky when betting in play. One option is to wait until half-time, as the odds don’t fluctuate as much as when the game is live. If you place your free bet and then something happens in the game that changes the lay odds, it will affect your profit one way or the other.
Another option is to place 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.
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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.