Liverpool visit the Etihad on Saturday and you don’t want to miss this Betway offer! Simply place a £10.00+ pre-match bet on Man City v Liverpool and if it loses, Betway will refund our stake as a free bet, up to a maximum of £10.00. Translated into matched betting terms, this gives us a guaranteed profit of £5.52 and here’s how…
Qualifying Bet:
If you’re unsure about how to place risk-free bets, check out my Risk-Free Bet Strategy page for a walk-through guide on how it should be done.
Qualifying bets of £10.00+ must be placed pre-match on Man City v Liverpool, which kicks off at 12:30 on Saturday 9th September 2017.
Losing stakes are refunded as a free bet, so this is effectively a risk-free offer. We’ll therefore need to select something with long odds such as a Correct Score.
Having looked at the odds available, I’ve opted to place my qualifying bet on 2-1 Man City.
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 work out our lay stake by using the ‘Risk-Free Bet’ setting on my matched betting calculator. We can enter £8.00 as our ‘Cashback’ figure as this is the amount we can expect to extract (80%) from our £10.00 free bet refund, should our qualifying bet lose…
As you can see, the calculator tells us that our lay stake should be £7.72…
Place £10.00 on 2-1 Man City @ 8.50 = Potential profit of £75.00
Lay £7.72 on 2-1 Man City @ 10.00 = Potential liability of £69.48
Let’s have a look at our potential profit/loss for the possible outcomes…
| 2-1 Man City | + £75.00 – £69.48 = £5.52 profit |
| Not 2-1 Man City | – £10.00 + £7.56 + £8.00 (extract 80% from our £10.00 free bet) = £5.56 profit |
So, regardless of the outcome, we’ll make a minimum guaranteed profit of £5.52 on this Betway offer!
If our selection loses, our free bet will be credited within 24 hours and will be valid for 7 days. Free bet stakes are not included in any returns.
If you’re unsure how to extract 80% cash from a £10.00 free bet, check out my Free Bet Strategy page for a walk-through guide on how it should be done.
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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.