Germany face Chile in the Confederations Cup 2017 on Thursday and you don’t want to miss this RedBet offer! Place a pre-match single bet of £25.00 on the 1X2 market for Germany v Chile and RedBet will give us a £10.00 free bet to be used in play on the same match. Translated into matched betting terms, this gives us a guaranteed profit of £6.12 and here’s how…
Qualifying Bet:
If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walk-through guide on how it should be done.
Qualifying bets must be placed on the 1X2 market for Germany v Chile. Having looked at the odds available, I’ve opted to place my qualifying bet on Germany.
I like to place my exchange lay bets with Smarkets as they have great liquidity, the site is really easy to use and they only charge 2% commission in comparison to the 5% charged by other betting exchanges.
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 £24.11…
Place £25.00 on Germany @ 2.70 = Potential profit of £42.50
Lay £24.11 on Germany @ 2.82 = Potential liability of £43.88
Let’s have a look at our potential profit/loss for the possible outcomes…
| Germany win | + £42.50 – £43.88 = £1.38 loss |
| Germany don’t win | – £25.00 + £23.62 (£24.11 minus 2% commission) = £1.38 loss |
So, regardless of the result of the match, we’ll lose £1.38 in qualifying for our £10.00 free in play bet.
Free Bet:
Our £10.00 free bet must be used in play on the match and must be placed at odds of 1.80 (4/5) or greater.
It’s impossible to know what odds will be available until the match has kicked off but by using straightforward matched betting, we should be able to extract 75% out of the £10.00 free bet as cash, so £7.50. If we take into account our qualifying loss of £1.38, this gives us a guaranteed profit of £6.12!
Extracting profit from our free bet can be a little tricky when betting in play. One option is to wait until half-time, as the odds don’t fluctuate as much as when the game is live. If you place your free bet and then something happens in the game that changes the lay odds, it will affect your profit one way or the other.
Another option is to place it on 1-1, 2-1 or 3-1 whilst the score is at 0-0. By selecting a scoreline where both teams score, it reduces the risk of the odds fluctuating unfavourably.
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £90,000 worth of profit, and made it my mission to make matched betting accessible to everyone.