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…
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…
As you can see, the calculator tells us that our lay stake should be £19.63.
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…
| Outcome | Betfair | Other Exchange | Profit/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.
As you can see, the calculator tells us that our lay stake should be £31.15…
Place £20.00 on Leicester @ 1.85 = Potential profit of £17.00
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…
| Outcome | Bookie | Betfair Exchange | Profit/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. *
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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.