It’s a big weekend of Premier League action 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 £10.00 free bet to use on Man City v Sheffield Utd on Sunday. Translated into matched betting terms, this gives us a potential profit of £7.13 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 28th December 2019.
- £10.00 free bet must be used via mobile on the Match Odds market of Man City 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 Brighton to beat Bournemouth.
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 £19.53.
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
Outcome | Betfair | Other Exchange | Profit/Loss |
---|---|---|---|
Brighton win | +£16.91 | -£17.77 | £0.86 loss |
Brighton don’t win | -£20.00 | +£19.13 | £0.87 loss |
So, regardless of the outcome, we’ll lose a maximum of £0.87 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 Man City v Sheffield Utd, which kicks off at 18:00 on Sunday 29th December 2019.
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 £0.87, this gives us a guaranteed profit of £7.13 on this Betfair Exchange offer!
* Brighton won the match 2-0, resulting in a profit of £7.14 on this Betfair Exchange offer. *
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Paul
Guest userThe free bet can only be used to back Man city so no more profit than £1.80.
Crow The Stones
Guest userBe careful! The free £10 has to be used on the match winning outcome of the Man City v Sheff Utd game AND can only be used to back Man City to win. It explicitly says this in the T&Cs of the offer.
Matt
1490I think the free bet can be used on any selection within the Match Odds market guys.
Oli
Guest userJust tried it, and it did let me back Sheffield
Ru
Guest userI just placed a free bet on draw. It’s not just to back Man City
Alex
Guest userIs there anyone paying 2% commission at Betfair who is able to take advantage of these offers?
Adrian S
Guest userI can.
Alex
Guest userGood for you. Actually it does say above that if you pay 2% you won’t be eligible but I didn’t read the details of this offer as I know it isn’t available to me so I missed that.
Daryl
0Hello. I’ve qualified for the free bet and can see the £10 next to my main balance.
Just placed a bet on the draw, assuming that it would use the free bet by default, but it’s used my main balance instead.
How do I use the free bet?
Matt
1490The free bet can only be placed via mobile Daryl.
Daryl
0Cheers Matt.
Yeah I knew about it being mobile only and it’s usually okay to use the ipad, but not today.
Anyway, used my phone instead and it was fine.
Much appreciated.