It’s Celtic v Rangers in the Scottish Premiership on Sunday and you don’t want to miss this Betfred ‘Bet £10, Get £5’ offer! Place a single bet of at least £10.00 on any pre-match market for Celtic v Rangers and Betfred will give us a £5.00 free bet to be used in play on the same match. Translated into matched betting terms, this gives us a guaranteed profit of £3.47 and here’s how…
Key Terms:
- Minimum stake of £10.00+.
- We must place our bet at odds of 1.50 (1/2) or greater.
- Qualifying bets must be placed before 11:45 on Sunday 2nd September 2018.
Qualifying Bet:
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.
Having looked at the odds available, we could place our qualifying bet on Celtic in the Match Result market.
At the time of writing, laying our bet at Smarkets gives us the smallest qualifying loss.
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 £9.67…
Place £10.00 on Celtic @ 1.615 = Potential profit of £6.15
Lay £9.67 on Celtic @ 1.69 = Potential liability of £6.67
Let’s have a look at our potential profit/loss for the possible outcomes…
| Celtic win | + £6.15 – £6.67 = £0.52 loss |
| Celtic don’t win | – £10.00 + £9.47 (£9.67 minus 2% commission) = £0.53 loss |
So, regardless of the result of the match, we’ll lose a maximum of £0.53 in qualifying for our £5.00 free bet.
Free Bet:
Our £5.00 free bet should be credited by 12:15 on Sunday 2nd September 2018 and will be valid until 09:00 on Monday 3rd September 2018.
By using straightforward matched betting, we should be able to extract 80% cash from our £5.00 free bet, so £4.00. If we take into account our maximum qualifying loss of £0.53, this gives us a guaranteed profit of £3.47 on this Betfred offer!
* Celtic won the match 1-0, resulting in a profit of £3.48 on this Betfred offer. *
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Matt Kirman – Matched 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.