NetBet started 2016 with a fantastic risk-free offer and they’re continuing with more of the same! Place a bet on any of the Capital One or FA Cup matches this week and NetBet will refund 20% of our net losses as a bonus up to a maximum of £50.00. Translated into matched betting terms, this gives us a guaranteed profit of £22.92 and here’s how…
Qualifying Bet:
We must opt in using the register button on the promotions page before 18:00 on Sunday 10th January 2016 to receive our bonus.
Only single bets placed at minimum odds of 1.60 or above on the Capital One and FA Cup are eligible for this promotion.
Bonuses will be credited within 72 hours of the promotion ending and will be available for 7 days. Bonuses must be rolled over (x3) on sporting events at odds of 1.60 or above before we are able to withdraw the bonus amount. By using straightforward matched betting we should be able to extract 90% from the bonus as cash, so £45.00.
My advice would be to do this offer on Saturday when there are plenty of FA Cup games to choose from. If we stick to match odds markets we should be able to find a tight match.
I originally blogged this offer with a low odds example as I wasn’t convinced we’d be able to get tight enough higher odds. Having seen the draw odds (3.65 and 3.75) that were available pre-match for Everton v Man City on Wednesday night, it appears we should be able to go for higher odds and make more profit. This, of course, requires a larger outlay so go with whatever suits your bankroll best.
I like to place my exchange lay bets with Smarkets as they have great liquidity in the run up to races, 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 work out our lay stake by entering our odds into my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £232.57…
Place £250.00 on a draw @ 3.65 = Potential profit of £662.50
Lay £232.57 on a draw @ 3.75 = Potential liability of £639.58
Let’s have a look at our potential profit/loss for the possible outcomes…
| Draw | +£662.50 – £639.58 = £22.92 profit |
| Not a draw | -£250.00 + £227.92 + £45.00 (extract 90% from our £50.00 bonus) = £22.92 profit |
So regardless of the regardless of the result of Everton v Man City, we were able to make a guaranteed profit of £22.92 and there’s no reason why we shouldn’t be able to achieve this on the weekend’s FA Cup matches.
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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.