It’s Blackburn v Millwall in the Championship on Saturday and you don’t want to miss this Double Winnings offer from 10Bet. Simply place a £5.00+ bet on Blackburn to beat Millwall and if they win to nil, 10Bet will double our winnings as a free bet, up to £25.00! Translated into matched betting terms, this gives us a potential profit of £16.93 and here’s how…
Key Terms:
- We must bet £5.00+ on Blackburn in the 1X2 FT market.
- Only our first qualifying bet will be eligible.
- If Blackburn win to nil, 10Bet will double our winnings as a free bet, up to £25.00.
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.
In order to work out our back stake, we need to divide the maximum free bet of £25.00 by 1.50 (back odds minus 1.00). This gives us a back stake of £16.67. It’s best that we stick to round numbers when placing our qualifying bet, so we should stake £15.00 instead.
At the time of writing, laying our bet at Smarkets gives us the smallest qualifying loss.
We can calculate our lay stake using my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £14.20…
Place £15.00 on Blackburn @ 2.50 = Potential profit of £22.50
Lay £14.20 on Blackburn @ 2.66 = Potential liability of £23.57
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
| Blackburn win but not to nil | + £22.50 – £23.57 = £1.07 loss |
| Blackburn win to nil | + £22.50 – £23.57 + £18.00 (80% extracted from £22.50 free bet) = £16.93 profit |
| Blackburn don’t win | – £15.00 + £13.91 = £1.09 loss |
So, if Blackburn win to nil, we’ll make a nice profit of £16.93. Any other outcome and we’ll lose a maximum of £1.09. Risking £1.09 to make a profit of £16.93, gives us effective odds of 16.53. So, given that Blackburn are odds of just 3.75 to win to nil, this is a profitable offer in the long run.
Free bets must be placed at odds between 1.80 (4/5) and 8.00 (7/1). Free bets will be valid for 7 days and free bet stakes are not included in any returns.
If you’re unsure how to extract 80% cash from any free bet, check out my Free Bet Strategy page for a walk-through guide on how it should be done.
*The match was drawn 0-0, resulting in a loss of £1.09 on this 10Bet offer. *
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £100,000 worth of profit, and made it my mission to make matched betting accessible to everyone.