£7.21
Guaranteed Profit
£7.21
Actual Profit

Premier League Offer – Virgin Bet


Posted by Matt (administrator) Matt
Start Time: 20/06/2020 12:30

The Premier League is finally back and you don’t want to miss this Virgin Bet free bet offer! Simply place a £20.00 pre-match bet on any Premier League match this weekend and Virgin Bet will give us a £10.00 free bet to use in play on the Premier League. Translated into matched betting terms, this gives us a guaranteed profit of £7.21 and here’s how…

Key Terms:

  • We must place 1 x £20.00 pre-match cash bet.
  • Applies to Premier League matches being played on Saturday 20th June 2020 and Sunday 21st June 2020.
  • Minimum odds of 1.80 (4/5) or greater.
  • We must accept our free bet by 23:59 on Sunday 21st June 2020.

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.

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 Watford to beat Leicester.

At the time of writing, laying our bet at Betfair gives us the smallest qualifying loss.

Betfair are currently offering new customers 0% commission up to £500 for the first 30 days.

Banner showing the zero commission sign up offer from Betfair

Banner showing the zero commission sign up offer from Betfair

If you’re an existing Betfair customer, you can opt in to pay just 2% commission by selecting their Basic reward plan.

For more information about My Betfair Rewards and how to opt in, please see my Betfair 2% Commission page.

We can calculate our lay stakes 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 £19.61…

Virgin Bet logo

Place £20.00 on Watford @ 4.00 = Potential profit of £60.00

Betfair logo

Lay £19.61 on Watford @ 4.10 = Potential liability of £60.79

Outcomes:

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

OutcomeBookieExchangeProfit/Loss
Watford win+£60.00-£60.79£0.79 loss
Watford don't win-£20.00+£19.21£0.79 loss

So, regardless of the outcome, we’ll lose £0.79 in qualifying for our £10.00 free bet.

Free Bet:

We must accept our £10.00 free bet by 23:59 on Sunday 21st June 2020. Our free bet can be used on any Premier League in play market for 7 days and free bet stakes are not included in any returns.

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 qualifying loss of £0.79, this gives us a guaranteed profit of £7.21 on this Virgin Bet offer!

* Watford drew 1-1 with Leicester, resulting in a profit of £7.21 on this Virgin Bet offer. *

Comments


  1. wizzfizz

    Guest user

    The bottom half of the write up needs adjusting to say £20 not £10.

    +0
    Reply
    1. Matt

      294

      Well spotted, thanks!

      +0
      Reply
  2. Alex

    Guest user

    Has anyone received their free bet yet? Haven’t seen a pop up to accept it.

    +0
    Reply
  3. Al

    Guest user

    Can this be incorporated with the new customer offer in any way?

    +0
    Reply
    1. Matt

      294

      I don’t have the terms to hand now but I wouldn’t have thought so.

      +0
      Reply
  4. Tom

    Guest user

    Can this be used multiple times or only once?

    +0
    Reply
    1. Matt

      294

      Just the once Tom.

      +0
      Reply

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