It’s Chelsea v Liverpool in the Premier League on Sunday and you don’t want to miss this free bet offer from Paddy Power! They’re giving all customers a £5.00 free bet to use on the big match! Translated into matched betting terms, this gives us a guaranteed profit of £3.75 and here’s how…
Key Terms:
- This offer is available to new and existing Paddy Power customers.
- We must opt in via the promo banner on the Paddy Power homepage to claim the free bet.
- Offer applies from 09:00 on Thursday 17th September 2020.
- Free bet will be available to use on Chelsea v Liverpool (16:30) on Sunday 20th September 2020.
Free Bet:
Using straightforward matched betting, we should be able to convert our £5.00 free bet into 75% cash, so £3.75.
At the time of writing, the lay odds aren’t quite tight enough, so I’ll use fictional lay odds for 2-1 Liverpool (15/2) in the following example and I’ll update the bottom of the post with an actual selection after the match.
We can calculate our lay stakes using my Matched Betting Calculator.
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
Outcome | Bookie | Exchange | Profit/Loss |
---|---|---|---|
2-1 Liverpool | +£37.50 | -£33.75 | £3.75 profit |
Not 2-1 Liverpool | -£5.00 free bet | +£3.75 | £3.75 profit |
So, whatever happens, we’ll make a guaranteed profit of £3.75 on this Paddy Power offer!
* ‘2-1 Liverpool’ was available at back odds of 8.50 and lay odds of 10.50. Liverpool won the match 2-0, resulting in a profit of £3.50 on this Paddy Power 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.