It’s the Final of Eurovision 2018 tonight and you don’t want to miss this William Hill ‘Bet £10, Get £5’ offer! Place a bet of £10.00 or more on Eurovision before the show and William Hill will give us a £5.00 free bet to use in play. Translated into matched betting terms, this gives us a guaranteed profit of £3.00 and here’s how…
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.
Qualifying bets must be placed at odds of 1.50 (1/2) or greater between 08:00 on Friday 11th May 2018 and 20:00 (show start) on Saturday 12th May 2018, to be eligible.
Having looked at the odds available, we could place our qualifying bet on Cyprus in the Outright 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 calculate our lay stakes using my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £9.74…
Place £10.00 on Cyprus @ 2.25 = Potential profit of £12.50
Lay £9.74 on Cyprus @ 2.36 = Potential liability of £13.24
Let’s have a look at our potential profit/loss for the possible outcomes…
| Cyprus win | + £12.50 – £13.24 = £0.74 loss |
| Cyprus don’t win | – £10.00 + £9.25 (£9.74 minus 5% commission) = £0.75 loss |
So, regardless of the outcome, we’ll lose a maximum of £0.75 in qualifying for our £5.00 free bet.
Free Bet:
Our £5.00 free bet will be credited by 21:00 on Saturday 12th May 2018 and must be used during the live show and whilst betting is still available.
By using straightforward matched betting, we should be able to extract 75% cash from the £5.00 free bet, so £3.75. If we take into account our maximum qualifying loss of £0.75, this gives us a guaranteed profit of £3.00 on this William Hill offer!
* Israel won the contest, resulting in a profit of £3.00 on this William Hill 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.