Kick-off time (GMT): 31/12/2016 : 12:15
The top flight action continues today and you don’t want to miss this Betfred price boost. They’ve enhanced Chelsea, Man Utd and Celtic all to win to a tasty 5/2! Translated into matched betting terms, this gives us a risk-free potential profit of £41.86 and here’s how…
Maximum stakes for this offer may vary for different accounts, but the following example is based on a maximum stake of £100.00.
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.
On the first match, we need to cover our original stake of £100.00. If we divide £100.00 by 0.98 (to account for the 2% Smarkets commission), this gives us a lay stake of £102.04…
|If Celtic win||- £79.59 = – £79.59|
|If Celtic don't win||- £100.00 + £100.00 = £0.00|
So, if Celtic don’t win, the offer will be over and we’ll have broken even. However, if Celtic do win, we’ll have lost £79.59 so far.
So, if Celtic win, this means on the next matches, we need to cover both the £79.59 loss from the first match plus the original stake of £100.00. If we divide £179.59 by 0.95 (to account for the 5% Betfair commission), this gives us a lay stake of £189.04…
|If Chelsea & Man Utd both win||+ £250.00 – £79.59 – £128.55 = £41.86 profit|
|If Chelsea or Man Utd don't win||- £100.00 – £79.59 + £179.59 = £0.00|
So, if any team fails to win along the way, we’ll have broken even and there’s no harm done. However, if Chelsea, Man Utd and Celtic all win, we’ll have made a nice risk-free profit of £41.86!
I’d like to point out that the above workings are based on the lay odds that were available at the time of writing. If the lay odds fluctuate before we are able to place our lay bets, this may result in us making more potential profit, less potential or even a slight loss, so please bear that in mind before deciding whether or not to do this offer.