£9.16
Potential Profit
£-0.81
Actual Profit

Leeds v Man City Offer – The Pools


Posted by Matt (administrator) Matt
Start Time: 03/10/2020 17:30

It’s Leeds v Man City in the Premier League on Saturday and The Pools are getting in on the action! Simply place a £10.00+ pre-match bet on Leeds v Man City and if our bet loses and both teams score, The Pools will give us £10.00 cashback. Translated into matched betting terms, this gives us a potential profit of £9.16 and here’s how…

Key Terms:

  • This offer is by invitation only (advertised on the homepage and promotions page, so should apply to most).
  • Minimum stake of £10.00.
  • Applies to bets placed on Leeds v Man City before 17:30 (kick-off) on Saturday 3rd October 2020.
  • Minimum odds of 1.25 (1/4).
  • £10.00 cashback if our bet loses and both teams score.

Qualifying Bet:

If you’d like more information about qualifying bets and how they work, please see my Qualifying Bets Guide.

It’s entirely up to you what you place your qualifying bet on, though you’ll want to place it on something that you don’t think will win. Having looked at the odds available, we could place our qualifying bet on a Draw in the Match Result market.

At the time of writing, laying our bet at Smarkets gives us the smallest qualifying loss.

If you’re not yet signed up, Smarkets are currently offering a £10.00 welcome bonus for new customers.

Banner showing the £10 welcome bonus offer from Smarkets

Banner showing the £10 welcome bonus offer from Smarkets

We can calculate our lay stakes 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 £9.35…

The Pools logo

Place £10.00 on a Draw @ 5.50 = Potential profit of £45.00

Smarkets logo

Lay £9.35 on a Draw @ 5.90 = Potential liability of £45.81

Outcomes:

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

Outcome Bookie Exchange Cashback Profit/Loss
Draw +£45.00 -£45.81 £0.81 loss
Not a draw and both teams score -£10.00 +£9.16 +£10.00 £9.16 profit
Not a draw and a team fails to score -£10.00 +£9.16 £0.84 loss

So, we’ll make a nice profit of £9.16 if the match isn’t drawn and both teams score and we stand to lose a maximum of £0.84 on any other outcome. Risking £0.84 to make a profit of £9.16 gives us effective odds of 11.90, which I’m sure you’ll agree, makes this a profitable offer in the long run.

If eligible, cash refunds will be credited by 12:00 on Sunday 4th October 2020.

* The match was drawn 1-1, resulting in a loss of £0.81 on this The Pools offer. *

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