Another fantastic Paddy Power free bet offer. Simply back Arsenal or Manchester United to win and if the match is drawn, Paddy Power will refund bets as a free bet up to a maximum of £50.00. Translated into matched betting terms, this gives us a minimum guaranteed profit of £7.59 and here’s how…
Qualifying Bet:
If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walkthrough guide on how to place your qualifying bets.
It’s entirely up to you whether you back or Arsenal or Manchester United but having looked at the odds available, I’ve opted for an Arsenal win.
Place £50.00 on Arsenal @ 2.20 = Potential profit of £60.00
Lay £49.77 on Arsenal @ 2.26 = Potential liability of £62.71
Let’s have a look at our current potential profit/loss for the following outcomes…
Arsenal win | +£60.00 – £62.71 = £2.71 loss |
Draw | -£50.00 + £47.29 + £40.00 (extract 80% from our £50.00 free bet) = £37.29 profit |
Man Utd win | -£50.00 + £47.29 = £2.71 loss |
So as things stand we will make £37.29 profit if the match is drawn and lose £2.71 on any other result. It’s not too often that we’re able to do this, but by laying the draw at Betfair, we are able to guarantee a decent profit on any of three outcomes…
Let’s have a look at our resulting potential profit/loss for the following outcomes…
Arsenal win | -£2.71 + £10.45 = £7.74 profit |
Draw | £37.29 – £29.70 = £7.59 profit |
Man Utd win | -£2.71 + £10.45 = £7.74 profit |
So regardless of the result of the match, we will make a minimum guaranteed profit of £7.59! If you’re not sure how to extract 80% of the £50.00 free bet refund, please see my Free Bet Strategy page for a walkthrough guide on how it should be done.
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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.