£8.82
Guaranteed Profit
£8.82
Actual Profit

Premier League Offer – Betfair Exchange


Posted by Matt (administrator) Matt
Start Time: 18/01/2020 12:30

There’s a big Saturday of Premier League football to look forward to and Betfair are getting in on the action! Simply place a £20.00+ Exchange back bet on any Saturday Premier League match and Betfair will give us a £20.00 free bet towards a lay bet on Burnley v Leicester on Sunday. Translated into matched betting terms, this gives us a guaranteed profit of £8.82 and here’s how…

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

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 Saturday 18th January 2020.
  • £20.00 free bet must be used via mobile towards a lay bet on the Match Odds market of Burnley v Leicester.

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 £20’ 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 Arsenal to beat Sheffield Utd.

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 £19.63.

Betfair logo

Aim to lose no more than £0.80 on our qualifying bet

Outcomes:

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

OutcomeBetfairOther ExchangeProfit/Loss
Arsenal win+£17.10-£17.86£0.76 loss
Arsenal don't win-£20.00+£19.23£0.77 loss

So, regardless of the outcome, we’ll lose a maximum of £0.77 in qualifying for our free bet.

Free Bet:

We’ll receive our £20.00 free bet upon settlement of our qualifying bet. The free bet must be used via mobile towards a lay bet on the Match Odds market of Burnley v Leicester, which kicks off at 14:00 on Sunday 19th January 2020.

This free bet works a little differently to usual free bets. When we make our selection and apply the free bet, £20.00 will be taken off our liability.

We need to place our bet on Leicester as lower odds are best for maximising our overall profit.

At the time of writing, Leicester are available at back odds of 1.85 (17/20) at Unibet and lay odds of 1.88 on the Betfair Exchange.

We can calculate our lay stake using my matched betting calculator. We just need to open up the ‘Advanced’ section and use the slider to find the point at which there is a £20.00 difference between the ‘If back bet wins‘ and ‘If lay bet wins‘ totals.

Select bet type

Back Bet (Bookie)

Advanced
%

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: £

As you can see, the calculator tells us that our lay stake should be £31.15…

Unibet logo

Place £20.00 on Leicester @ 1.85 = Potential profit of £17.00

Betfair logo

Lay £31.15 on Leicester @ 1.88 = Potential liability of £7.41

Outcomes:

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

OutcomeBookieBetfair ExchangeProfit/Loss
Leicester win+£17.00-£7.41£9.59 profit
Leicester don't win-£20.00+£29.59£9.59 profit

So, regardless of the outcome, we’ll extract £9.59 from our £20.00 free bet. If we take into account our maximum qualifying loss of £0.77, this gives us a guaranteed profit of £8.82 on this Betfair Exchange offer!

* Arsenal drew 1-1 with Sheffield Utd and Burnley beat Leicester 2-1, resulting in a profit of £8.82 on this Betfair Exchange offer. *

Comments


  1. Richard

    Guest user

    Please could a small section of guidance be added about how to use a £20 lay free bet? Thanks

    +0
    Reply
  2. Mark

    Guest user

    I’m confused why only £8 odd profit, with £20 lay liability free couldn’t we extract nearer £19 after QL?

    +0
    Reply
    1. Adrian S

      Guest user

      Agreed Mark, your looking at £15 minimum

      +0
      Reply
      1. Matt

        236

        This is a little different to a standard £20.00 free bet.

        The £20.00 is basically deducted from your liability.

        You can use the slider in the Advanced section of the calculator to help you find the correct lay stake.

        +1
        Reply
        1. Richard

          Guest user

          Still really confusing how to extract the profit mentioned. A screen shot of the calculator would help.

          +0
      2. HandyAndy

        Guest user

        How? Please explain how do you do this? Matt is telling us, perhaps he does not know either? This is a first for many on here and it’s important that we understand how or else mistakes will be made.

        +0
        Reply
  3. Lee

    Guest user

    Hi, I can’t find this promo on the Betfair site?

    +0
    Reply
    1. Matt

      236

      You should be seeing it on the Betfair Exchange Promotions page Lee.

      If it’s not showing, it may the case that it’s not available to you.

      +0
      Reply
      1. Lee

        Guest user

        found it thank you

        +0
        Reply
  4. timj17

    6

    I don’t understand how we are meant to do the £20 freebet if its a lay bet only?

    I looked at the advanced section on the calculator but it’s confusing…

    Can we get a step by step walk through (or example) please Matt?

    +0
    Reply
  5. Mark

    Guest user

    Yeah I’m confused as to best way to extract from this one too, if we lay Burnley 4.6 example what would our lay stake be? Around £5.50 is £20 liability but would need to be more than that

    +0
    Reply
  6. apc43

    4

    I’m confused on this one, if its a lay free bet and its £20 liability that they use as your free bet, do we need to place a back bet with a bookies just in case the bet wins ?

    +0
    Reply
  7. Doubleyourodds

    Guest user

    Matt,

    We need help on this please? How do we do it? There’s still time for you to explain what exactly we need to do to maximise this offer.

    +0
    Reply
    1. Matt

      236

      Apologies for keeping the original post brief guys, it’s been a busy morning with all of the offers flying around!

      I’ve just updated the post with an example of how you should use the free bet.

      I hope that helps everyone.

      +0
      Reply
  8. Jellybaby

    Guest user

    Hello Matt, why haven’t you shown us how this is done? I reckon you don’t know yourself!! Want to prove me wrong??

    +0
    Reply
    1. Matt

      236

      Already have @Jellybaby ☺

      +0
      Reply
  9. timj17

    6

    Thanks Matt

    So we definitely have to place another £20 back bet on Leicester at a different bookie?

    Can we place this £20 back bet at Smarkets for example?

    And then we just need to use the calculator and LAY it off on betfair using our £20 freebet?

    +0
    Reply
    1. Matt

      236

      My example is based on the explanation given on the Betfair promo page of how the free bet is used.

      +0
      Reply
  10. Mark

    Guest user

    Thanks Matt, appreciated

    +0
    Reply
  11. timj17

    6

    Matt, i still can’t get my head around this one, because i tried to follow your example above using the calculator and advanced tab but my figures are way off?!

    Anybody else struggling with this or is it just me being thick!?

    +0
    Reply
  12. TheBigA

    6

    I have earnt the £20 free lay bet but wasn’t quite sure how to adjust the slider when using the advanced tab – what exactly are we aiming for there? I will have another look at the example and try to replicate it as closely as possible when I place the bet!

    +0
    Reply
  13. TheBigA

    6

    I’ve had another look and think I may be closer to understanding it – so when we are adjusting the slider using the advanced tab , we want it so that the difference between the “back bet wins” total and “lay bet wins” total is £20 where the lay bet total is showing a profit? And then despite the back bet total showing a loss, this will actually be offset by the £20 discount on the lay bet ?

    +1
    Reply
    1. Matt

      236

      Yes, spot on.

      +0
      Reply
  14. jake

    Guest user

    If back bet wins
    £ +17.00 £ -7.41 = £ +£9.59 the calc above wont take the £20 less liability off
    But it does on betfair when placing the bet, that’s what’s making it hard to understand
    Since the odd’s have risen on leicester so you wont get has much now about £9 now there abouts

    +1
    Reply
  15. jake

    Guest user

    Yes TheBigA offset by the £20 discount at betfair on the lay bet,
    So its taking -£20 liability off making the back bet total in profit on the calc

    +0
    Reply
    1. timj17

      6

      Can anybody who knows how this works give me a hand with my bet please (im out all day tomorrow so could do with putting this on tonight)

      Current back odds for Leicester on Smarkets is 1.99 (2% comm)

      Current lay odds on Betfair is 2.0 (2% comm)

      I’d really appreciate if someone could give me the figures for how much to back at smarkets and how much to lay at betfair please?

      Thanks

      +0
      Reply
  16. Joe

    Guest user

    Still really baffled by this one?! Even with it being explained

    +0
    Reply
    1. Matt

      236

      You just need to enter your odds and adjust the slider until there is a £20.00 difference between the ‘If back bet wins‘ and ‘If lay bet wins‘ totals.

      +0
      Reply
  17. jake

    Guest user

    If back bet wins£ +19.40 £ -30.00= £ -10.60
    If lay bet wins £ 20.00 £ 29.40= £ 9.40
    Lay stake required: £ 30.00

    £9.40 Profit

    +1
    Reply
  18. TheBigA

    6

    I’m also trying to place this one now using Smarkets to back at 1.99. One thing I wasn’t sure of is our back stake, does it need to be exactly £20/why? I will go with that since that’s what was stated in the guide.

    Initially I was having some trouble with the advanced calculator slider but have fixed that by increasing the Maximum to £40. I’ve adjusted it so that I have the following:

    Lay stake required £30.44

    £20 back bet with 2%comm at 1.99, 5% comm at 2 for the lay bet.

    If back bet wins Bookie +£19.40 Exchange -£30.44 Total – £11.04
    If lay bet wins Bookie -£20.00 Exchange +£28.91 Total +£8.91

    So if the back bet does in fact win, the actual result will have £20 deducted from the exchange liability which will give a real total result of +£8.96?

    +0
    Reply
  19. jake

    Guest user

    Back £20 @ smarkets odds = 1.99
    Lay £30 Betfair odds = 2.0

    Make sure you have selected free bet slider on and your liability on betfair is showing at -£10 before you place laybet

    +1
    Reply
  20. TheBigA

    6

    Thanks Jake, I’ve done that now (the lay odds kept moving about but eventually dropped to 2. I made sure to do it on my mobile and click to confirm the £20 discount on liability is applied.

    +0
    Reply
  21. jake

    Guest user

    @TheBigA
    If back bet wins Bookie +£19.40 Exchange -£30.44 Total – £11.04

    Yes £8.96 make sure your liability is showing -£10.44 on betfair before placing lay bet

    +1
    Reply
  22. TheBigA

    6

    Cheers yeah I think I’ve done it all correctly now.

    If Leicester win I profit £19.95 on Smarkets and lose only £10 on the exchange rather than my £30 stake.

    If Leicester don’t win I lose my £20 stake on Smarkets but gain £30 on Betfair (not including commission).

    So about £10 profit minus commission minus qualifying loss of £0.78 in my case.

    Job done, hopefully!

    +1
    Reply
  23. Jonno1

    Guest user

    So what is the lay stake we need to put on Betfair?

    +0
    Reply
    1. Matt

      236

      The strategy is explained in the post Jonno.

      +0
      Reply
  24. timj17

    6

    Thanks Matt, TheBigA and Jake, I’ve placed my bet now.

    +0
    Reply
  25. bob

    Guest user

    Could we not just use the £20 as a back bet on betfair?

    +0
    Reply
    1. Matt

      236

      It had to be placed on a lay bet Bob.

      +0
      Reply

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