Potential
- -
 
Guaranteed
£7.36
 
My Profit
£7.37

Betsafe Offer – Champions League 2017/18 (Matchday 3)


Posted by Matt (administrator) Tue, Oct 17, 2017 10:10am Matt
Start Time: 17/10/2017 19:45

Champions League football returns tonight you don’t want to miss this Betsafe offer! Simply place a £20.00 bet on any of tonight’s Champions League matches and Betsafe will give us a £10.00 mobile free bet to use on Wednesday’s matches. Translated into matched betting terms, this gives us a guaranteed profit of £7.36 and here’s how…

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.

To qualify for our £10.00 free bet, we need to place a £20.00 bet, using any device, on any of Tuesday’s Champions League matches.

Qualifying bets must be placed at odds of 1.50 (1/2) or greater between 14:00 BST on Monday and the end of Tuesday’s matches, to be eligible.

It’s entirely up to you what you place your qualifying bets on. Having looked at the odds available, I’ve opted to place my qualifying bet on Man City in the Match Result market.

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 stakes using my matched betting calculator…

Back Bet (Bookie)

%

Lay Bet (Betting Exchange)

%

Min £
Max £
Lay stake required: £
Bookie
Exchange
Cashback
Total
If back (bookie) bet wins
£
£
£
= £
If lay (exchange) bet wins
£
£
£
= £

Total profit: £

Optimal Underlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

Optimal Overlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

As you can see, the calculator tells us that our lay stake should be £19.76…

Betsafe logo

Place £20.00 on Man City @ 1.65 = Potential profit of £13.00

Smarkets logo

Lay £19.76 on Man City @ 1.69 = Potential liability of £13.63

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

Man City win + £13.00 – £13.63 = £0.63 loss
Man City don't win - £20.00 + £19.36 (£19.76 minus 2% commission) = £0.64 loss

So, regardless of the outcome, we’ll lose a maximum of £0.64 in qualifying for our £10.00 free bet.

Free Bet:

Our £10.00 free bet will be credited before 08:00 BST on Wednesday 18th October 2017 and must be used on any of Wednesday’s Champions League matches.

Our free bet can only be redeemed on mobile, by ticking the ‘Free Bet’ checkbox on our betslip.

If our free bet wins, the winnings will be considered bonus money and will need to be wagered once at minimum odds of 1.50 (1/2) or greater. As we’ll need to place our free bet at higher odds, we shouldn’t have too much wagering to do.

We should be able to extract 80% cash from our £10.00 free bet, so £8.00. If we take into consideration our maximum qualifying loss of £0.64, we should make a guaranteed profit of £7.36 on this Betsafe offer!

Comments


  1. bobster

    Not seeing this on the site anywhere?

    1. Jenkins

      Haven’t seen it either.

  2. Michal

    Anyone got a free bet yet?

  3. Pete

    Yup, just used it on mobile

  4. Chris D

    Managed to get 13.5/13 on Qarabag for the free bet, can’t say fairer than that.

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