It’s Liverpool v Real Madrid in the Champions League Quarter-Finals on Wednesday night and you don’t want to miss this Bet365 free bet offer! Place a pre-match single bet on Liverpool v Real Madrid and Bet365 will give us a free bet equal to our largest pre-match bet, up to £50.00, to use in play. Translated into matched betting terms, this gives us a guaranteed profit of £34.33 and here’s how…
Key terms
- This offer is invite only, available to customers who have received the promotional email, web message, text message, pop-up or mobile notification.
- We must place our qualifying bet on Liverpool v Real Madrid before 20:00 (kick-off) on Wednesday 14th April 2021.
- We’ll receive a free bet equal to our largest pre-match stake, up to a maximum of £50.00.
- The free bet will only become available once the match has kicked off.
Qualifying bet
If you’d like more information about qualifying bets and how they work, please see my qualifying bets guide.
We should place our qualifying bet on either team to win as that will also qualify us for Bet365’s 2 Goals Ahead Early Payout Offer, where they’ll pay us out if our selected team goes two goals ahead, regardless of the final result. Early payout offers are well worth a look if you haven’t already!
At the time of writing, Liverpool are available in the Full Time Result market at back odds of 1.95 (19/20). The lay odds are currently 2.06.
Either exchange works for this offer
Betfair and Smarkets are both great options for this offer. If you’ve not used one of them, now is a great time to give them a try.
- Money back as cash up to £20
- 0% commission for 60 days
We can calculate our lay stake using the ‘Qualifying Bet‘ setting on my Matched Betting Calculator…
As you can see, the calculator tells us that our lay stake should be £47.79…
Place £50.00 on Liverpool @ 1.95 = Potential profit of £47.50
Lay £47.79 on Liverpool @ 2.06 = Potential liability of £50.65
Let’s have a look at our potential profit/loss for the possible outcomes…
| Outcome | Bet365 | Betfair | Profit/Loss |
|---|---|---|---|
| Liverpool win | + £47.50 | – £50.65 | £3.15 loss |
| Liverpool lose or draw | – £50.00 | + £46.83 | £3.17 loss |
So, regardless of whether Liverpool win, lose or draw, we’ll lose a maximum of £3.17 in qualifying for our £50.00 free bet.
Free bet
Our £50.00 free bet will only become available once the match starts and must be used in play. Free bet stakes are not included in any returns.
It’s impossible to know what odds will be available until the match has kicked off, but we should be aiming to convert our £50.00 free bet into around 75% cash, so £37.50.
If you’re unsure how to convert free bets into cash, please see my free bets guide for a walkthrough of how it should be done.
I’ll use back odds of 8.50 and lay odds of 9.80 for 2-1 Liverpool in the following example to illustrate how things should pan out.
We can calculate our lay stake using the ‘Free Bet‘ setting on my Matched Betting Calculator…
As you can see, the calculator tells us that our lay stake should be £38.34…
Place £50.00 on 2-1 Liverpool @ 8.50 = Potential profit of £375.00
Lay £38.34 on 2-1 Liverpool @ 9.80 = Potential liability of £337.39
Let’s have a look at our potential profit/loss for the possible outcomes…
| Outcome | Bet365 | Betfair | Profit/Loss |
|---|---|---|---|
| Liverpool win 2-1 | + £375.00 | – £337.39 | £37.61 profit |
| Liverpool don’t win 2-1 | – Free bet | + £37.57 | £37.57 profit |
So, with some decent odds, we’ll convert our £50.00 free bet into around £37.50 cash.
If we take into account our maximum qualifying loss of £3.17, this gives us a guaranteed profit of £34.33 on this Bet365 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.