Paddy Power Price Boost – Watford & Everton

It’s a big day of FA Cup 5th Round action and Paddy Power are running a tasty little price boost on the action. They’ve enhanced Watford and Everton both to win from 11/4 to a tasty 4/1! Translated into matched betting terms, this gives us a potential risk-free profit of £27.60 and here’s how…

Price Boost Bet:

The maximum stake for this offer is £20.00.

paddypower

Place £20.00 on Watford & Everton @ 5.00 = Potential profit of £80.00

WARNING: Following the recent merger between Paddy Power and Betfair, to become Paddy Power Betfair, it’s no longer a good idea to place our lay bets with Betfair as this will surely increase our chances of getting restricted. Therefore, when doing Paddy Power offers, we need to place our lay bets with Smarkets. They have great liquidity, the site is really easy to use and they only charge 2% commission in comparison to the 5% charged by Betfair. We can also grab a £10.00 risk-free bet, just for signing up.

Match 1: Watford v Leeds United (Kick-Off: 15:00)

On the first match, we need to cover our original stake of £20.00.  If we divide £20.00 by 0.98 (to account for the 2% Smarkets commission), this gives us a lay stake of £20.41.

smarkets white

Lay £20.41 on Watford @ 1.63 = Potential liability of £12.85

If Watford win – £12.85 = – £12.85
If Watford don’t win – £20.00 + £20.00 = £0.00

So if Watford don’t win, the offer will be over and we’ll have broken even. However, if Watford do win, we will have lost £12.85 so far.

Match 2: Bournemouth v Everton (Kick-Off: 17:15)

So, if Watford win, this means on the next match, we need to cover both the £12.85 loss from the first match plus the original stake of £20.00. If we divide £32.85 by 0.98 (to account for the 2% Smarkets commission), this gives us a lay stake of £33.52.

smarkets white

Lay £33.52 on Everton @ 2.18 = Potential liability of £39.55

If Everton win – £12.85 – £39.55 + £80.00 = £27.60 profit
If Everton don’t win – £20.00 – £12.85 + £32.85 = £0.00

So if either Watford or Everton lose along the way, we’ll have broken even and there’s no harm done. However, if Watford and Everton both win, we’ll have made a nice risk-free profit of £27.60!

I’d like to point out that the above workings are based on the lay odds that were available at the time of writing. If the lay odds fluctuate before we are able to place our lay bets, this may result in us making more potential profit, less potential or even a slight loss, so please bear that in mind before deciding whether or not to do this offer.

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched 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.