It’s Everton v Liverpool in the Premier League this afternoon and you don’t want to miss this Money Back Special from SportPesa! Place a bet of exactly £5.00 on any market for Everton v Liverpool and if our bet loses, SportPesa will give us our money back as a free bet. Translated into matched betting terms, this gives us a risk-free potential profit of £7.60 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.
We must place a bet of exactly £5.00 at odds of 2.00 (evens) or greater on any market for Everton v Liverpool. If our bet loses, SportPesa will refund our stake as a free bet.
Qualifying bets must be placed between 00:00 on Friday 6th April 2018 and 12:30 (kick-off) on Saturday 7th April 2018, to be eligible.
Qualifying Bet:
With this being a small risk-free offer, we could place our qualifying bet on something with short odds and underlay it for a risk-free shot at a decent profit. Having looked at the odds available, we could place our qualifying bet on a Draw 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. Also, if we opt in, they are charging just 2% commission on Premier League Match Odds bets in April 2018.
We can calculate our underlay stake by using the ‘Risk-Free Bet’ setting on my matched betting calculator. We can enter £3.75 as our ‘Cashback’ figure as this is the amount we can expect to extract (75%) from our £5.00 free bet refund, should our bet lose. We then need to open up the ‘SHOW ADVANCED’ section and use the slider…
Ordinarily we would click the ‘UNDERLAY‘ tab, which would give us a lay stake of £1.28. The minimum lay stake at Betfair is £2.00, so we can select that using the slider.
Place £5.00 on a draw @ 3.60 = Potential profit of £13.00
Lay £2.00 on a draw @ 3.70 = Potential liability of £5.40
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
| Draw | + £13.00 – £5.40 = £7.60 profit |
| Not a draw | – £5.00 + £1.96 + £3.75 (extract 75% from our £5.00 free bet) = £0.71 profit |
So, if the match isn’t drawn, we’ll make a small profit of £0.71. However, if the match is drawn, we’ll make a nice risk-free profit of £7.60 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 75% cash from a £5.00 free bet, check out my Free Bet Strategy page for a walk-through guide on how it should be done.
* The match was drawn 0-0, resulting in a profit of £7.60 on this SportPesa offer. *
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.