It’s Chelsea v Hull in the FA Cup 5th Round tonight and you don’t want to miss this Money Back Special from SportPesa! Place a bet of exactly £15.00 on any market for Chelsea v Hull and if our bet loses, SportPesa will give us our money back as a bonus. Translated into matched betting terms, this gives us a guaranteed profit of £9.00 and here’s how…
The Terms:
If you’re unsure about how to place qualifying bets, check out my Qualifying Bet Strategy page for a walk-through guide on how it should be done.
Qualifying bets must be placed at odds of 2.00 (evens) or greater, between 00:00 and 20:00 (kick-off) on Friday 16th February 2018, to be eligible.
Qualifying Bet:
Losing stakes are refunded as a bonus, so this is effectively a risk-free offer. We therefore need to select something with long odds. Having looked at the odds available, we could place our qualifying bet on a draw (x) in the 1X2 Full Time market.
I like to place my exchange lay bets with Betfair as they have great liquidity and the site is really easy to use.
We can work out our lay stake by using the ‘Risk-Free Bet’ setting on my matched betting calculator. We can enter £12.00 as our ‘Cashback’ figure as this is the amount we can expect to extract (80%) from our £15.00 bonus refund, should our bet lose…
As you can see, the calculator tells us that our lay stake should be £12.64…
Place £15.00 on a draw @ 7.50 = Potential profit of £97.50
Lay £12.64 on a draw @ 8.00 = Potential liability of £88.48
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
Draw | + £97.50 – £88.48 = £9.02 profit |
Not a draw | – £15.00 + £12.00 + £12.00 (extract 80% from our £15.00 bonus) = £9.00 profit |
So, regardless of the outcome, we’ll make a guaranteed profit of £9.00 on this SportPesa offer!
If our selection loses, our free bet will be credited within 48 hours of our qualifying bet being settled and will be valid for 5 days.
If you’re unsure how to extract around 80% cash from a £15.00 bonus, check out my Bonus Rollover Strategy page for a walk-through guide on how it should be done.
* Chelsea won the match 4-0, resulting in a profit of £9.00 on this SportPesa 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.