It’s Man Utd v Man City in the Premier League on Saturday and you don’t want to miss this Paddy Power free bet offer! They’re giving all customers a £5.00 free bet to use on the big match! Translated into matched betting terms, this gives us a guaranteed profit of £3.56 and here’s how…
Key Terms:
- This offer is available to new and existing Paddy Power customers.
- We must opt in via the promo banner on the Paddy Power homepage to claim the free bet.
- Offer applies from 12:00 on Thursday 10th December 2020.
- Free bet will be available to use on Man Utd v Man City (17:30) on Saturday 12th December 2020.
Free Bet:
Using straightforward matched betting, we should be able to convert our £5.00 free bet into around 70% cash, so £3.50.
It’s entirely up to you what you place your free bet on. Having looked at the odds available, Man Utd are available in the Match Odds market at back odds of 4.333 (10/3) and lay odds of 4.60.
We can calculate our lay stake using my Matched Betting Calculator.
As you can see, the calculator tells us that our lay stake should be £3.64…
Place £5.00 free bet on Man Utd @ 4.333 = Potential profit of £16.67
Lay £3.64 on Man Utd @ 4.60 = Potential liability of £13.10
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
| Outcome | Paddy Power | Exchange | Profit/Loss |
|---|---|---|---|
| Man Utd win | + £16.67 | – £13.10 | £3.57 profit |
| Man Utd lose or draw | – Free Bet | + £3.56 | £3.56 profit |
So, no matter the outcome, we’ll make a guaranteed profit of £3.56 on this Paddy Power offer!
* The match was drawn 0-0, resulting in a profit of £3.56 on this Paddy Power offer. *
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £70,000 worth of profit, and made it my mission to make matched betting accessible to everyone.