It’s Man City v Man Utd in the Premier League tonight and you don’t want to miss this SportPesa price boost! They’ve enhanced Man City to win from 10/13 to a tasty 13/10. Translated into matched betting terms, this gives us a risk-free potential profit of £4.64 and here’s how…
Price Boost bet:
The exact stake required for this price boost is £15.00.
The normal odds on Man City winning are 1.769. This means that if our bet wins, we’ll receive £26.54 in cash (normal odds), plus a £7.96 free bet (price boost up to 2.30). We know we can extract 75% of any free bet as cash, so in this case £5.97, giving us total cash returns of £32.51 and effective back odds of 2.167. We’ll enter these into the calculator in a moment.
We can underlay Man City on the Betfair Exchange to make this offer risk-free. It’s worth noting that if we opt in, Betfair are charging just 2% commission on Premier League Match Odds bets in April 2018.
We can calculate our underlay stake using my matched betting calculator. We just need to open up the ‘SHOW ADVANCED’ section and click the ‘UNDERLAY’ tab…
As you can see, the calculator tells us that our lay stake should be £15.31…
Place £15.00 on Man City to win @ 2.167 = Potential profit of £17.50
Lay £15.31 on Man City to win @ 1.84 = Potential liability of £12.86
Outcomes:
Let’s have a look at our profit/loss for the two potential outcomes…
| Man City win | + £17.50 – £12.86 = £4.64 profit |
| Man City don’t win | – £15.00 + £15.00 (£15.31 minus 2% commission) = £0.00 |
So, if Man City don’t win, we’ll break even and there’s no harm done. However, if Man City do win, we’ll make a nice risk-free profit of £4.64 on this SportPesa price boost!
* Man Utd won the match 3-2, resulting in break even on this SportPesa price boost. *
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.