Betsafe In-Play Offer – Football Bonus

These Betsafe in-play offers don’t come around often enough, but when they do, there are big profits to be had! Simply place 5 or more LIVE bets of £5.00 or more on any football markets this week and Betsafe will credit us with a bonus equal to 50% of our net profit, up to a maximum of £100.00! Translated into matched betting terms, this gives us a guaranteed profit of at least £36.00 and here’s how…

This Betsafe offer is available from Thursday 24th September 2015 until 23:59 on Monday 28th September 2015.

YOU MUST ‘JOIN IN’ TO BE ELIGIBLE FOR THE BONUS!

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.

This isn’t the easiest offer there has ever been, so if you’re unsure about anything, I would advise sitting this one out.  If on the other hand, you’re okay with everything and fancy it, here are my thoughts…

It’s impossible to know what odds are going to be available as this is an in-play offer. Having read through the terms of the offer, we can place our bets on any in-play football market, so I think our best bet is to target the match odds markets. It’s always best to place football in-play bets during half-time as there is less chance of the odds fluctuating whilst we are trying to place our back and lay bets. I will be trying to find a selection as close to 2.00 (Evens) as I can. Obviously, it goes without saying that we will need really good lay odds.

In order to claim the maximum bonus of £100.00, we will need net winnings of £200.00. Any bonus we receive will need to be rolled over once at minimum odds of 1.50 before it can be withdrawn. By using straightforward matched betting, we should be able to extract 95% of the bonus as cash, so £95.00.

Say for example we place our live bet on Manchester City at 2.00 (Evens)… We know that if Manchester City win, we won’t just receive the £200.00 cash winnings, we will also receive a £100.00 bonus, from which we can extract £95.00. So in effect our £200.00 bet will return £295.00 profit which means we are actually placing our bet at effective odds of 2.475.

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 stake using the matched betting calculator.

Let’s have a look at our potential profit/loss for the two outcomes…

So if Manchester City don’t win, we’ll make £38.97 profit and that’s us finished with this offer. If, however, Manchester City do win, we would still need to place 4 further qualifying bets to be eligible for our bonus. We could simply place these at the minimum stake of £5.00 on really low odds, so that any losses don’t eat into our net profit too much. All in all, if this offer is done correctly and we’re able to get some nice odds, we should make a guaranteed profit of at least £36.00!