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.
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…
As you can see, the calculator tells us that our lay stake should be £19.61…
Place £20.00 on Watford @ 4.00 = Potential profit of £60.00
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…
| Outcome | Bookie | Exchange | Profit/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. *
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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.