Get involved with the Euro 2016 action tonight with this price boost from Paddy Power! They’ve enhanced Cristiano Ronaldo to score anytime for Portugal against Wales from 6/5 to a tasty 2/1! Translated into matched betting terms, this gives us a risk-free potential profit of £8.42 and here’s how…
The maximum stake for this price boost is £20.00.
We can underlay this price boost on the Ladbrokes Exchange to make this offer risk-free. We just need to divide our stake of £20.00 by 0.95 to account for the 5% commission that Ladbrokes charge on net winnings. This gives us a lay stake of £21.05…
Place £20.00 on Ronaldo to score anytime @ 3.00 = Potential profit of £40.00
Lay £21.05 on Ronaldo ‘To Score’ @ 2.50 = Potential liability of £31.58
Let’s have a look at our profit/loss for the two potential outcomes…
| Ronaldo scores | +£40.00 – £31.58 = £8.42 profit |
| Ronaldo doesn’t score | -£20.00 + £20.00 (£21.05 minus 5% commission) = £0.00 |
So if Ronaldo doesn’t score in 90 minutes, we break even and there’s no harm done, however, if he does score, we will make a nice risk-free profit of £8.42 on this Paddy Power offer.
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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.