The World Cup kicks off in Brazil on Thursday and so it’s time for a Paddy Power free bet offer! Simply place a £10.00 bet on the World Cup Outright Winner market and get a £5.00 free bet to use on the tournament opener between Brazil and Croatia. Translated into matched betting terms, this gives us a minimum guaranteed profit of £3.18 and here’s how…
Qualifying bet
If you’re new to matched betting, check out my Qualifying Bet Strategy page for a walkthrough guide on how to place your qualifying bets. Having looked at the odds available, I’ve decided to place my qualifying bet on Spain to win.
Place £10.00 on Spain @ 7.50 = Potential profit of £65.00
Lay £9.68 on Spain @ 7.80 = Potential liability of £65.82
Let’s have a look at our current potential profit/loss for the two outcomes…
| Spain win | +£65.00 – £65.82 = £0.82 loss |
| Spain don’t win | -£10.00 + £9.19 (£9.68 minus 5% commission) = £0.81 loss |
So regardless of the outcome, we will lose a maximum of £0.82 in order to claim our £5.00 free bet.
Free bet
By using straightforward matched betting, we should be able to extract at least 80% of the free bet (see my Free Bet Strategy page), so approximately £4.00. If we take into consideration our maximum qualifying loss of £0.82, we should make a guaranteed minimum profit of £3.18 on this offer.
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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.