£5.86
Guaranteed Profit
£5.86
Actual Profit

Iceland v England Offer – Novibet


Posted by Matt (administrator) Matt
Start Time: 05/09/2020 17:00

It’s Iceland v England in the UEFA Nations League on Saturday and you don’t want to miss this Novibet free bet offer! Simply place a £30.00+ single bet on Iceland v England and Novibet will give us a £10.00 free bet. Translated into matched betting terms, this gives us a guaranteed profit of £5.86 and here’s how…

Key Terms:

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

Qualifying Bet:

If you’re unsure about how to place qualifying bets, check out my Qualifying Bet Strategy page for a walk-through guide on 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 Yes in the Both teams to score 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 £28.43…

Novibet logo

Place £30.00 on ‘Both teams to score – Yes’ @ 2.35 = Potential profit of £40.50

Betfair logo

Lay £28.43 on ‘Both teams to Score? – Yes’ @ 2.50 = Potential liability of £42.64

Outcomes:

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

Outcome Bookie Exchange Profit/Loss
Both teams score – Yes +£40.50 -£42.64 £2.14 loss
Both teams score – No -£30.00 +£27.86 £2.14 loss

So, regardless of the outcome, we’ll make a loss of £2.14 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 qualifying loss of £2.14, this gives us a guaranteed profit of £5.86 on this Novibet offer!

* England won the match 1-0, resulting in a profit of £5.86 on this Novibet offer. *

Comments


  1. bob

    Guest user

    I’d be careful using Novibet from now on. After I passed KYC and made a withdrawal of £351, they suddenly decided to ask for more documentation. This included pictures of me holding ID and even a phone call to verify it was me. After I jumped through all their hoops, they still deactivated my account, citing some term about correct phone numbers, and they kept the winnings. I’ve forwarded everything to IBAS, I see why their trustpilot is on 2.8/10 now.

    +0
    Reply
    1. Matt

      324

      That’s disappointing to hear Bob. Interested to hear how your complaint to IBAS goes.

      +0
      Reply
  2. Sul

    Guest user

    Never had a problem so far with them. If you just cane them for their offers, like any bookmakers, they’ll restrict account. Bet smart.

    +0
    Reply
  3. Chris

    Guest user

    I cant see this promotion on their website, does that mean I am not eligible?

    +0
    Reply
  4. Stephen H

    Guest user

    I can’t see it either I didn’t check before I went for it. Hopefully this side of the bet loses.

    +0
    Reply
  5. Stephen H

    Guest user

    I didn’t see any sign of the offer but I now have a free £10 bet 🙂

    +0
    Reply
    1. Matt

      324

      That’s good to hear Stephen.

      +0
      Reply

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