A couple of tasty televised matches today and a Betfred price boost offer to go with them! Betfred are offering 3.50 (5/2) on both Manchester City and Chelsea to win today. Translated into matched betting terms, this gives us a potential risk-free profit of £11.23 and here’s how…
Price Boost Bet:
The maximum stake for this offer is £100.00.
Place £100.00 on Man City and Chelsea @ 3.50 = Potential profit of £250.00
Match 1: Tottenham v Manchester City (Kick-Off: 12:45)
On the first match, we have 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.
Lay £102.04 on Man City @ 1.98 = Potential liability of £100.00
| If Man City win | – £100.00 = -£100.00 |
| If Man City don’t win | – £100.00 + £100.00 = £0.00 |
So if Man City don’t win, the offer will be over and we’ll have broken even. However, if Man City do win, we will lose £100.00.
Match 2: Newcastle United v Chelsea (Kick-Off: 17:30)
So, if Man City win, this means on the next match we will have to cover both the £100.00 and the original stake of £100.00. If we divide £200.00 by 0.98 (to account for the 2% Smarkets commission), this gives us a lay stake of £204.08.
Lay £204.08 on Chelsea @ 1.68 = Potential liability of £138.77
| If Chelsea win | -£100.00 – £138.77 + £250.00 = £11.23 profit |
| If Chelsea don’t win | -£100.00 – £100.00 + £200.00 = £0.00 |
So if either Man City or Chelsea don’t win, we’ll have broken even overall. However, if both Man City and Chelsea win, we’ll have made a nice profit of £11.23!
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £100,000 worth of profit, and made it my mission to make matched betting accessible to everyone.