It’s the opening weekend of the Premier League 2022/23 season, and you don’t want to miss this Paddy Power free bet offer! They’re giving all customers a £5.00 free ‘Bet Builder‘ to use on any Premier League match. Translated into matched betting terms, this gives you a profit of £3.04 and here’s how…
Key terms
- The promotion is available to new and existing customers.
- Claim your free bet via the promotion page after 09:00 on Wednesday 3rd August 2022.
- Once claimed, your £5.00 free bet will be credited instantly.
- The free ‘Bet Builder‘ (4+ selections) can be used on any Premier League match taking place between Friday 5th August 2022 and Sunday 7th August 2022.
- The free bet stake will not be returned with any winnings.
Free bet
It’s entirely up to you how you play this offer.
You could take a speculative approach and not lay your Bet Builder. If your free bet loses, you simply break even, and there’s no harm done.
Your other option is to convert your free bet into cash by laying it at a betting exchange. Please see my ‘Bet Builders‘ guide for more information about them and possible selections.
Looking at the odds available for West Ham v Man City (Sunday 16:30), you could place your free bet on ‘Man City (Match Odds) / No (Both teams to Score?) / Over 0.5 Goals / Under 1.5 Goals‘ at back odds of 8.18.
You can lay ‘0-1‘ (Man City) in the ‘Correct Score‘ market at odds of 11.50.
You can calculate your lay stake using the ‘Free Bet‘ setting on my Matched Betting Calculator.
As you can see, the calculator tells you that your lay stake should be £3.13.
Place £5.00 free bet on ‘Man City / No (BTTS) / Over 0.5 Goals / Under 1.5 Goals’ @ 8.18 = Potential profit of £35.90
Lay £3.13 on ‘0-1’ (Man City) @ 11.50 = Potential liability of £32.86
Outcomes
Let’s look at your profit/loss for the possible outcomes.
| Outcome | Paddy Power | Exchange | Profit/Loss |
|---|---|---|---|
| Man City win 1-0 | + £35.90 | – £32.86 | £3.04 profit |
| Any other outcome | – Free bet | + £3.06 | £3.06 profit |
So, no matter the outcome, you’ll make a minimum profit of £3.04 on this Paddy Power offer!
* Man City won the match 2-0, resulting in a £3.06 profit 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.