It’s Man City v Newcastle in today’s late kick-off and you don’t want to miss this TLCBet offer! Simply place a £15.00 pre-match bet on any Man City v Newcastle market and TLCBet will give us a £10.00 bonus for every goal Newcastle score in the match! Translated into matched betting terms, this gives us a potential profit of £21.43 and here’s how…
Qualifying bet
If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walk-through guide on how they should be done.
To qualify, we must place a pre-match bet of exactly £15.00, at odds of 2.00 (evens) or greater, on any Man City v Newcastle market.
Qualifying bets must be placed between 10:00 on Friday 19th January 2018 and 17:30 (kick-off) on Saturday 20th January 2018, to be eligible.
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.
I like to place my exchange lay bets with Betfair as they have great liquidity and the site is really easy to use.
We can calculate our lay stakes using my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £14.67…
Place £15.00 on ‘Both Teams to Score – Yes’ @ 2.20 = Potential profit of £18.00
Lay £14.67 on ‘Both teams to score? – Yes’ @ 2.30 = Potential liability of £19.07
Let’s have a look at our potential profit/loss for the possible outcomes…
| Both teams score | + £18.00 – £19.07 = £1.07 loss |
| Either team doesn’t score | – £15.00 + £13.93 (£14.67 minus 5% commission) = £1.07 loss |
So, regardless of the outcome, we’ll lose £1.07 in qualifying for our potential free bets.
Bonuses
Regardless of whether or qualifying bet wins or not, we’ll receive a £10.00 bonus within 48 hours for every goal Newcastle score in the match. The bonuses will be valid for 5 days and work much the same as free bets, in that the bonus stakes are not included with any returns.
By using straightforward matched betting, we should be able to extract 75% of any bonuses as cash.
Therefore, if Newcastle were able to score 3 goals, we’ll receive £30.00 in bonuses, from which we can extract £22.50 cash. If we take into account our qualifying loss of £1.07, this gives us a potential profit of £21.43 on this TLCBet offer!
* Man City won the match 3-1, resulting in a profit of £6.43 on this TLCBet offer. *
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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.