The World Cup is almost here and so it’s time for a Sky Bet free bet offer! Place a minimum bet of £5.00 on the World Cup 2014 Win Outright market and if Brazil win the cup, Sky Bet will refund your losing stake up to £25.00 as a free bet. Translated into matched betting terms, this gives us a potential risk-free profit of £7.46 and here’s how…
We obviously can’t place our bet on Brazil because we need to our bet to have lost in the event that Brazil win the World Cup. This realistically leaves us with Argentina, Germany and Spain because the other nations will cost too much to lay at the betting exchange due to their long odds. Having looked at the odds on offer, I’ve opted to place my bet on Argentina.
Step 1:
Place £25.00 on Argentina @ 5.00 = Potential profit of £100.00
Lay £23.36 on Argentina @ 5.40 = Potential liability of £102.78
Step 2:
Let’s have a look at our potential profit/loss for the three outcomes…
| Argentina win | +£100.00 – £102.78 = £2.78 loss |
| Brazil win | -£25.00 + £22.20 + £20.00 (extract 80% from our £25.00 free bet) = £17.20 profit |
| Neither wins | -£25.00 + £22.20 = £2.80 loss |
So as things stand we will make £17.20 profit if Brazil win the World Cup. Unfortunately, we also stand to lose a maximum of £2.80 if Brazil don’t win the World Cup and so we need to insure ourselves against this by laying Brazil at Betfair.
Step 3:
As £2.80 is the maximum we stand to lose, we need to work out our lay stake by taking commission into consideration… £2.80 / 0.95 = £2.95.
Lay £2.95 on Brazil @ 4.30 = Potential liability of £9.74
Let’s have a look at our overall profit/loss for the three outcomes…
|
Argentina win |
-£2.78 + £2.80 = £0.02 profit |
|
Brazil win |
+£17.20 – £9.74 = £7.46 profit |
|
Neither wins |
-£2.78 + £2.78 = £0.00 |
If Brazil don’t win the World Cup, we will break even, so no harm done. If Brazil do win on home soil, we will make a nice profit of £7.46! Easy!
More reload offers – Make £300+ per month
With detailed walkthroughs for all the best offers as they’re released, you’ll be bagging recurring profits in no time.
More reload offers
Got a question?
Leave me a comment below…
I usually respond within 24 hours.
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.