Chelsea host Arsenal in the late kick-off on Sunday and Genting Bet are getting in on the action! Simply bet £10.00 on Chelsea v Arsenal and Genting Bet will give us a free bet equal to the amount of goals scored in the game. Translated into matched betting terms, this gives us a potential profit of £3.44 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 they should be done.
Our qualifying bet must be placed at odds of 1.40 (2/5) or greater on one of the following markets…
Match Result (1X2) / Correct Score / First Goalscorer / Half Time/Full Time
It’s entirely up to you what you place your qualifying bet on. Having looked at the odds available, I’ve opted to place my qualifying bet on Chelsea in the Match Result (1X2) market.
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 £9.89…
Place £10.00 on Chelsea @ 1.80 = Potential profit of £8.00
Lay £9.89 on Chelsea @ 1.84 = Potential liability of £8.30
Let’s have a look at our potential profit/loss for the possible outcomes…
| Chelsea win | + £8.00 – £8.30 = £0.30 loss |
| Chelsea don’t win | – £10.00 + £9.69 (£9.89 minus 2% commission) = £0.31 loss |
So, regardless of the result of the match, we’ll lose a maximum of £0.31 in qualifying for our potential free bets.
Free Bets:
We’ll receive a free bet equal to the amount of goals scored in the game. Free bets will be credited within 24 hours of qualifying bet settlement and will be valid for 3 days.
Free bets must be placed at odds no greater than 5.00 (4/1). With that in mind, by using straightforward matched betting, we should be able to extract 75% of any free bets as cash.
Therefore, if 5 goals are scored in the game, we’ll receive a £5.00 free bet, from which we can extract £3.75 cash. If we take into account our maximum qualifying loss of £0.31, this gives us a potential profit of £3.44 on this Genting Bet offer!
* The match was drawn 0-0, meaning I made a loss of £0.31 on this Genting Bet 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.