Premier League Offer – Betfair Exchange

It’s a big New Year’s Day of Premier League action and Betfair are getting in on the action! Simply place a £20.00+ Exchange back bet on any Wednesday Premier League match and Betfair will give us a £10.00 free bet to use on Liverpool v Sheffield Utd on Thursday. Translated into matched betting terms, this gives us a potential profit of £7.53 and here’s how…

Banner showing the Premier League 'Bet £20, Get £10' offer from Betfair

Key Terms:

  • We must opt-in to this promotion to be eligible.
  • The minimum stake to qualify is £20.00.
  • We must place an Exchange back bet on any Premier League match on Wednesday 1st January 2020.
  • £10.00 free bet must be used via mobile on the Match Odds market of Liverpool v Sheffield Utd.

Qualifying Bet:

If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walk-through guide on how they should be done.

If you’re paying 2% commission with Betfair’s Basic package, you won’t be eligible for this ‘Bet £20, Get £10’ Exchange offer.

We’ll need to lay our bet at another exchange.

It’s entirely up to you what you place your qualifying bet on. Having looked at the odds available, we could place our qualifying bet on Man City to beat Everton.

We can calculate our lay stake using my matched betting calculator…

Back Bet (Bookie)

%

Lay Bet (Betting Exchange)

%

Min £
Max £
Lay stake required: £
Bookie
Exchange
Cashback
Total
If back (bookie) bet wins
£
£
£
= £
If lay (exchange) bet wins
£
£
£
= £
Total profit: £

Optimal Underlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

Optimal Overlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

As you can see, the calculator tells us that our lay stake should be £19.93.

Betfair logo

Aim to lose no more than £0.50 on our qualifying bet

Outcomes:

Let’s have a look at our potential profit/loss for the possible outcomes…

Outcome Betfair Other Exchange Profit/Loss
Man City win +£5.51 -£5.97 £0.46 loss
Man City don’t win -£20.00 +£19.53 £0.47 loss

So, regardless of the outcome, we’ll lose a maximum of £0.47 in qualifying for our free bet.

Free Bet:

We’ll receive our £10.00 free bet upon settlement of our qualifying bet. The free bet must be used via mobile on the Match Odds market of Liverpool v Sheffield Utd, which kicks off at 20:00 on Thursday 2nd January 2020.

By using straightforward matched betting, we should be able to extract 80% cash from our £10.00 free bet, so £8.00. If we take into account our maximum qualifying loss of £0.47, this gives us a guaranteed profit of £7.53 on this Betfair Exchange offer!

* Man City won the match 2-1, resulting in a profit of £7.54 on this Betfair Exchange 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.