Another nice in-play offer from Betfred. Place an In Play bet of £10.00 or more (at odds of 1/2 or greater) on Real Madrid v Juventus, and if it loses, Betfred will give us a £10.00 free bet to use tomorrow. Translated into matched betting terms, this gives us an estimated profit of £6.25 and here’s how…
If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walkthrough guide on how to place your qualifying bets.
We need our qualifying bet to lose in order to receive our free bet. We therefore need to place our qualifying bet at fairly long odds. 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 2-1 Real Madrid @ 9.00 = Potential profit of £80.00
Lay £9.63 on 2-1 Real Madrid @ 9.40 = Potential liability of £80.86
Let’s have a look at our potential profit/loss for the two outcomes…
| 2-1 Real Madrid | +£80.00 – £80.86 = £0.86 loss |
| Not 2-1 Real Madrid | -£10.00 + £9.14 + £8.00 (extract 80% of £10.00 free bet) = £7.14 profit |
So as things stand we will make £7.14 profit if Real Madrid don’t win 2-1. We also stand to lose £0.86 if they do win 2-1. It’s not often that we are able to do this but by placing a further back bet on 2-1 Real Madrid, we can guarantee ourselves a profit on any outcome…
Place £0.89 on 2-1 Real Madrid @ 9.00 = Potential profit of £7.12
Let’s have a look at our overall profit/loss for the possible outcomes…
| 2-1 Real Madrid | -£0.86 + £7.12 = £6.26 profit |
| Not 2-1 Real Madrid | £7.14 – £0.89 = £6.25 profit |
So regardless of the result of Real Madrid v Juventus, we would make a guaranteed minimum profit of £6.25!
If you’re not sure how to extract 80% of the £10.00 free bet refund, please see my Free Bet Strategy page for a walkthrough guide on how it should be done.
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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.