BetVictor Offer – Man City v Chelsea

Chelsea visit Man City in the Premier League this afternoon and you don’t want to miss this BetVictor offer! Simply opt-in and bet £5.00+ on selected Man City v Chelsea markets, and BetVictor will give us a £5.00 free bet to be used in play on the same game. Translated into matched betting terms, this gives us a guaranteed profit of £3.47 and here’s how…

Qualifying Bet:

We must opt-in to this offer to be eligible.

If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walk-through guide on how it should be done.

Qualifying bets must be placed pre-match between 12:00 on Friday 2nd December 2016 and 12:30 (kick-off) on Saturday 3rd December 2016 on one of the following markets…

  • Correct Score
  • First Goalscorer
  • Anytime Goalscorer
  • Goalscorer Plus
  • To Win and Both Teams to Score
  • Scorecast
  • Match Action
  • Player Specials

Having looked at the odds available, I’ve opted to place my qualifying bet on a 1-1 draw in the Correct Score 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 £4.82…

betvictor logo

Place £5.00 on a 1-1 draw @ 7.50 = Potential profit of £32.50

smarkets white

Lay £4.82 on a 1-1 draw @ 7.80 = Potential liability of £32.78

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

1-1 draw + £32.50 – £32.78 = £0.28 loss
Not a 1-1 draw – £5.00 + £4.72 (£4.82 minus 2% commission) = £0.28 loss

So, regardless of the result of the match, we will lose £0.28 in qualifying for our £5.00 free in play bet.

Free Bet:

Our £5.00 free in play bet will be credited upon placement of our qualifying bet and will be valid until 15:00 today (Saturday 3rd December 2016).

It’s impossible to know what odds will be available until the match has kicked off but by using straightforward matched betting, we should be able to extract 75% out of the £5.00 free bet as cash, so £3.75. If we take into account our qualifying loss of £0.28, this gives us a guaranteed profit of £3.47!

Extracting profit from our free bet can be a little tricky when betting in play. My advice is to wait until half-time to place your free bet and then lay them at Smarkets. This is simply because the odds don’t fluctuate as much as when the game is live. There’s nothing worse than placing a free bet on a market and then something happens in the game that changes the odds before you have chance to get your lay bet on! I tend to look at the correct score markets first and then if I can’t find anything suitable I move onto goal scorer markets.

If you can’t wait until half-time, you might want to look at placing it on 1-1, 2-1 or 3-1 whilst the score is at 0-0. By selecting a scoreline where both teams score, it reduces the risk of the odds fluctuating unfavourably.

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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.