It’s a big weekend of FA Cup 3rd Round action and Betfair are getting in on the action! Simply place a £20.00+ Exchange back bet on any Saturday FA Cup match and Betfair will give us a £10.00 free bet to use on Liverpool v Everton on Sunday. Translated into matched betting terms, this gives us a potential profit of £7.13 and here’s how…
Key Terms:
- We must opt-in to this promotion to be eligible.
- The minimum stake to qualify is £20.00.
- We must place an Exchange back bet on any FA Cup match on Saturday 4th January 2020.
- £10.00 free bet must be used via mobile on the Match Odds market of Liverpool v Everton.
Qualifying Bet:
If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walk-through guide on how they should be done.
If you’re paying 2% commission with Betfair’s Basic package, you won’t be eligible for this ‘Bet £20, Get £10’ Exchange offer.
We’ll need to lay our bet at another exchange.
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 Reading to beat Blackpool.
We can calculate our lay stake using my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £19.53.
Aim to lose no more than £1.00 on our qualifying bet
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
| Outcome | Betfair | Other Exchange | Profit/Loss |
|---|---|---|---|
| Reading win | +£16.72 | -£17.57 | £0.85 loss |
| Reading don’t win | -£20.00 | +£19.13 | £0.87 loss |
So, regardless of the outcome, we’ll lose a maximum of £0.87 in qualifying for our free bet.
Free Bet:
We’ll receive our £10.00 free bet upon settlement of our qualifying bet. The free bet must be used via mobile on the Match Odds market of Liverpool v Everton, which kicks off at 16:01 on Sunday 5th January 2020.
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 £0.87, this gives us a guaranteed profit of £7.13 on this Betfair Exchange offer!
* Reading drew 2-2 with Blackpool, resulting in a profit of £7.13 on this Betfair Exchange offer. *
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £90,000 worth of profit, and made it my mission to make matched betting accessible to everyone.