BetVictor Arsenal v Coventry Penalty Refund Offer

I love the offers from BetVictor because their odds are some of the most competitive around.  If a Penalty is scored at any time during the Arsenal v Coventry City match, BetVictor will refund losing Correct Score, First/Last Goalscorer, Scorecast, Half-Time/Full-Time & Anytime Goalscorer bets as a FREE BET up to £10.00.  Translated into matched betting terms, this gives us a potential profit of £7.43!  And here’s how…

Whenever I do these sort of offers, I always stick to the correct score market.  I find the liquidity at the betting exchange is far better than goalscorer markets and I just feel more comfortable here.

We need to select a correct score and hope it doesn’t come in, as only losing bets are refunded in the event of a penalty being scored by either side.  Having looked at the odds on offer, I’ve opted for a 3-0 Arsenal win.

 

Step 1:

Place £10.00 on 3-0 Arsenal @ BetVictor @ 7.50 = Potential profit of £65.00.

Lay £9.93 on 3-0 Arsenal @ Betfair @ 7.60 = Potential liability of £65.54.

Step 2:

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

 

3-0 Arsenal £65.00 – £65.54 = £0.54 loss
Not 3-0 Arsenal with penalty scored -£10.00 + £9.43 + £8.00 (Assumes an 80% return from our £10.00 free bet) = £7.43 profit
Not 3-0 Arsenal without penalty scored -£10.00 + £9.43 = £0.57 loss

 

So we will win £7.43 if the game doesn’t finish 3-0 to Arsenal and there is a penalty scored!  If no penalty is scored, we will make a maximum loss of £0.57, which I’m sure you’ll agree is a risk worth taking as the odds of a penalty being awarded are around 3.25.

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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.