Betsafe Offer – 25% Bonus on Live Winnings

It’s time for another Betsafe offer.  Simply place 5 or more LIVE bets of £5.00 or more on any market this week and Betsafe will credit us with a bonus equal to 25% 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 £24.00 and here’s how…

 

 

This Betsafe offer is available until 23:59 on Monday 27th April 2015 and you can find it in the ‘Special Offers’ section of their website.  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 walkthrough guide on how to place your qualifying bets.

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…

First of all, having read through the terms of the offer, it would appear you can bet on any live market and therefore any sport of your choice.  It’s impossible to know what odds are going to be available as this is an in-play offer.  I think our best bet is to target the half-time football markets.  It’s always best to place in-play bets at 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 looking at the match odds markets and 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 £400.00.  Any bonus we receive will need to be rolled over once at minimum odds of 1.50 before it can be withdrawn.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 Arsenal to beat Chelsea at 2.00 (Evens)… We know that if Arsenal win, we won’t just receive the £400.00 cash winnings, we will also receive a £100.00 bonus, from which we can extract £95.00.  So in effect our £400.00 bet will return £495.00 profit which means we are actually placing our bet at effective odds of 2.2375.  We can enter these effective odds when using the matched betting calculator to calculate our lay stake.

betsafe

Place £400.00 on Arsenal @ 2.2375 = Potential profit of £495.00

betfair

Lay £447.50 on Arsenal @ 2.05 = Potential liability of £469.87

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

 

Arsenal win +£495.00 – £469.87 = £25.13 profit
Arsenal don’t win -£400.00 + £425.13 (£447.50 minus 5% commission) = £25.13 profit

 

So if Arsenal don’t win, we’d make £25.13 profit and that’s us finished with this offer.  If, however, Arsenal 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 £24.00!

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £70,000 worth of profit, and made it my mission to make matched betting accessible to everyone.