A fantastic new customer offer from Bet Butler. Bet on the Champions League games Tues 25th – Weds 26th & get 50% of your total stakes returned as a free bet up to £100.00 for the return legs! You can have one bet of £200.00 or 200 bets of £1.00 or anything in between! Translated into matched betting terms, this gives you a guaranteed minimum profit of £53.81. And here’s how…
The terms and conditions state that you must opt in before 19:00 hours on Wednesday 26th February 2014 to be eligible for this offer. Your qualifying bet must be at minimum odds of 1.50 on the Win / Draw / Win market. With this in mind and having looked at the odds on offer, you should be looking at Galatasaray v Chelsea being drawn.
Step 1:
Place £200.00 on the draw @ Bet Butler @ 3.20 = Potential profit of £440.00.
Lay £188.24 on the draw @ Betfair @ 3.45 = Potential liability of £461.19.
Step 2:
Let’s have a look at our current potential profit/loss for the two outcomes…
| Draw | £440.00 – £461.19 = £21.19 loss |
| Not drawn | -£200.00 + £178.83 = £21.17 loss |
So regardless of the result, you will lose a maximum of £21.19 in order to claim the £100.00 free bet.
Step 3:
Free bets will be credited by 16:00 hours on Monday 17th March 2014 and must be placed on the Champions second leg matches. By using straightforward matched betting, you should be able to extract at least 75% of the £100.00 free bet, so approximately £75.00. If we take into consideration your initial maximum loss of £21.19, you should make a minimum profit of £53.81 on this offer.
Oh and did I mention that you are still eligible for their standard £25.00 welcome bonus? Happy days!
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £100,000 worth of profit, and made it my mission to make matched betting accessible to everyone.