October welcomes a big month of American sporting action and you don’t want to miss this LeoVegas offer. Simply place a mobile bet on the National Football League and/or the National Hockey League this week and LeoVegas will boost our profits by 25% in cash! Translated into matched betting terms, this gives us an overall guaranteed profit of £5.00+ and here’s how…
This offer is available from Monday 17th October 2016 until Sunday 23rd October 2016.
We are eligible to claim a profit boost on both the NFL and NHL this week.
To be eligible, our bets can be placed pre-match or in play, but they must be placed via mobile. The maximum stake for this offer is £20.00. Once we have added our selection to the betslip, we need to select our profit boost under ‘Bonus Offers’.
If our bet wins, we will receive a 25% profit boost in cash. For example, if we place a bet at odds of 3.00, we’ll be paid at odds of 3.50. To work this out, we just minus our stake (1.00) from the odds of 3.00, which gives us 2.00. We then multiply this by 1.25, which gives us 2.50 and then add our stake (1.00) back on.
The majority of this week’s NHL matches are played on Friday 21st October 2016 and the majority of this week’s NFL matches are due to be played on Sunday 23rd October 2016.
At the time of writing, the lay odds are pretty poor, so I’ll use fictional odds in the following example and I’ll update the bottom of the post with my actual selections after the matches have been played.
Say, for example, we place our qualifying bet on a ‘Team A’ at odds of 5.00. With the profit boost taken into account, our effective odds would be 6.00.
I like to place my exchange lay bets with Smarkets as they have great liquidity, the site is really easy to use and they only charge 2% commission in comparison to the 5% charged by other betting exchanges.
We can enter our effective odds into the matched betting calculator to calculate our lay stake…
As you can see, the calculator tells us that our lay stake should be £23.17…
Place £20.00 on ‘Team A’ @ 6.00 = Potential profit of £100.00
Lay £23.17 on ‘Team A’ @ 5.20 = Potential liability of £97.30
Let’s have a look at our profit/loss for the two potential outcomes…
| ‘Team A’ wins | + £100.00 – £97.30 = £2.70 profit |
| ‘Team A’ doesn’t win | – £20.00 + £22.70 (£23.17 minus 2% commission) = £2.70 profit |
So, regardless of the outcome, we’ll make a guaranteed profit of £2.70.
This offer is available on both the NFL and NHL this week, so if we repeat the process, we should be able to make an overall guaranteed profit of £5.00+ on this LeoVegas offer!
* I actually placed my NFL bet on New Orleans Saints to beat Kansas City Chiefs at back odds of 3.45 and lay odds of 3.60. I placed my NHL bet on Arizona Coyotes to beat New York Islanders at back odds of 4.00 and lay odds of 4.20. This gave me an overall guaranteed profit of £4.51 on this LeoVegas 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.