Arsenal stand in the way of a Chelsea double on Saturday and Betway are getting in on the action! Simply bet £20.00 on either Arsenal or Chelsea to win the match and Betway will give us a £5.00 free bet for every goal our team scores! Translated into matched betting terms, this gives us a potential profit of £18.74 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.
It’s entirely up to you who you place your qualifying bet on, as long as you place it pre-match on either Arsenal or Chelsea in the Win/Draw/Win market. Having looked at the odds available, I’ve opted to place my qualifying bet on Chelsea.
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…
As you can see, the calculator tells us that our lay stake should be £19.13…
Place £20.00 on Chelsea @ 1.75 = Potential profit of £15.00
Lay £19.13 on Chelsea @ 1.85 = Potential liability of £16.26
Let’s have a look at our potential profit/loss for the possible outcomes…
| Chelsea win | + £15.00 – £16.26 = £1.26 loss |
| Chelsea don’t win | – £20.00 + £18.74 (£19.13 minus 2% commission) = £1.26 loss |
So, regardless of the result of the match, we’ll lose £1.26 in qualifying for our potential free bets.
Free Bets:
For every goal that Chelsea score in the match, we’ll receive a £5.00 free bet within 24 hours of the match finishing, up to a maximum total of £25.00. Free bets will be valid for 7 days and free bet stakes are not included with any returns.
By using straightforward matched betting, we should be able to extract 80% of any free bets as cash.
Therefore, if Chelsea are able to score 5 goals in the game, we’ll receive £25.00 in free bets, from which we can extract £20.00 cash. If we take into account our qualifying loss of £1.26, this gives us a potential profit of £18.74 on this Betway offer!
* Arsenal won the match 2-1, meaning I made a profit of £2.74 on this Betway offer. *
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.