Another fantastic SkyBet free bet offer. Simply place a minimum bet of £5.00 on QPR v Liverpool and if Liverpool win, SkyBet will refund all losing first goalscorer, last goalscorer, correct score and scorecast singles as a free bet up to £25.00 within 24 hours of the match finishing. Translated into matched betting terms, this gives us a potential profit of £8.42 and here’s how…
Qualifying Bet:
If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walkthrough guide on how to place your qualifying bets.
We need to select a correct score that isn’t a Liverpool win. This ensures that if Liverpool win the match, we will automatically be eligible for a free bet refund as our qualifying bet will have lost. Having looked at the odds available, I’ve opted for a 1-1 draw.
Place £25.00 on 1-1 draw @ 7.50 = Potential profit of £162.50
Lay £18.84 on 1-1 draw @ 10.00 = Potential liability of £169.56
Let’s have a look at our current potential profit/loss for the following outcomes…
| 1-1 draw | +£162.50 – £169.56 = £7.06 loss |
| Not 1-1 draw and Liverpool win | -£25.00 + £17.90 + £20.00 (extract 80% from our £25.00 free bet) = £12.90 profit |
| Not 1-1 draw and Liverpool don’t win | -£25.00 + £17.90 = £7.10 loss |
So as things stand we will make £12.90 profit if Liverpool win. Unfortunately, we also stand to lose a maximum of £7.10 on any other result and so we need to insure ourselves against this by laying Liverpool at Betfair. We need to divide £7.10 by 0.95 in order to factor in the 5% commission. This gives us a lay stake of £7.47.
Lay £7.47 on Liverpool @ 1.60 = Potential liability of £4.48
Let’s have a look at our resulting potential profit/loss for the following outcomes…
| 1-1 draw | -£7.06 + £7.10 = £0.04 profit |
| Not 1-1 draw and Liverpool win | £12.90 – £4.48 = £8.42 profit |
| Not 1-1 draw and Liverpool don’t win | -£7.10 + £7.10 = £0.00 |
So if Liverpool win, we will make a nice profit of £8.42! If Liverpool don’t win, we will break even and there’s no harm done. If you’re not sure how to extract 80% of the £25.00 free bet refund, please see my Free Bet Strategy page for a walkthrough guide on how it should be done.
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £100,000 worth of profit, and made it my mission to make matched betting accessible to everyone.