£7.53
Guaranteed Profit
£7.53
Actual Profit

Denmark v England Offer – Novibet


Posted by Matt (administrator) Matt
Start Time: 08/09/2020 19:45

It’s Denmark v England in the UEFA Nations League on Tuesday night and you don’t want to miss this Novibet free bet offer! Simply place a £30.00+ single bet on Denmark v England and Novibet will give us a £10.00 free bet. Translated into matched betting terms, this gives us a guaranteed profit of £7.53 and here’s how…

Key Terms:

  • Applies to single pre-match or in play bets on any Denmark v England market.
  • Minimum stake of £30.00.
  • Minimum odds of 1.70 (7/10).

Qualifying Bet:

If you’re unfamiliar with qualifying bets, please see my Qualifying Bets Guide for a walk-through of how they should be done.

It’s entirely up to you what you place your qualifying bet on. Having looked at the odds available, we could place our qualifying bet on England in the Match Result market.

At the time of writing, laying our bet at Betfair gives us the smallest qualifying loss.

Betfair are currently offering new customers 0% commission up to £500 for the first 30 days.

Banner showing the zero commission sign up offer from Betfair

Banner showing the zero commission sign up offer from Betfair

If you’re an existing Betfair customer, you can opt in to pay just 2% commission by selecting their Basic reward plan.

For more information about My Betfair Rewards and how to opt in, please see my Betfair 2% Commission page.

We can calculate our lay stake using my matched betting calculator…

Back Bet (Bookie)

%

Lay Bet (Betting Exchange)

%

Min £
Max £
Lay stake required: £
Bookie
Exchange
Cashback
Total
If back (bookie) bet wins
£
£
£
= £
If lay (exchange) bet wins
£
£
£
= £

Total profit: £

Optimal Underlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

Optimal Overlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

As you can see, the calculator tells us that our lay stake should be £30.14…

Novibet logo

Place £30.00 on England @ 2.15 = Potential profit of £34.50

Betfair logo

Lay £30.14 on England @ 2.16 = Potential liability of £34.96

Outcomes:

Let’s have a look at our potential profit/loss for the possible outcomes…

Outcome Bookie Exchange Profit/Loss
England win +£34.50 -£34.96 £0.46 loss
England don't win -£30.00 +£29.53 £0.47 loss

So, regardless of the outcome, we’ll make a maximum loss of £0.47 in qualifying for our £10.00 free bet.

Free Bet:

Our £10.00 free bet will be credited within 24 hours of our qualifying bet being settled and will be valid for 7 days. Free bet stakes are not included in any returns.

By using straightforward matched betting, we should be able to extract 80% cash from our £10.00 free bet, so £8.00. If we take into account our maximum qualifying loss of £0.47, this gives us a guaranteed profit of £7.53 on this Novibet offer!

* The match was drawn 0-0, resulting in a profit of £7.53 on this Novibet offer. *

Comments


  1. Rob

    Guest user

    Novibet have been limiting my max bet amount to around £8 or less. They would not say why via live chat, is this likely to be a form of partial gubbing?
    I don’t do regular mug bets with Novibet so might this limit be removed if I do so?

    Thanks for any advice

    +0
    Reply
    1. Matt

      324

      That’s frustrating Rob. Yes it could be if you’ve just been hitting their offers.

      Have you tried placing a qualifying bet at lower odds? Restricted stakes are usually based on the odds in order to limit the bookmaker’s liability.

      +0
      Reply
  2. Joseph

    Guest user

    Same just happend to me, said highest was £9.13 for offer, tried to place a £2.50 normal bet said highest for that was 22p.

    My first gubbed account that i know of!

    +0
    Reply
  3. Simon

    Guest user

    Same, i have been limited for first time. Stake limit depends on odds but seems they dont want me to make more than £10 profit.

    Must admit i was only using this £30 for £10 free offer recently

    +0
    Reply

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