This week sees the return of the mobile 2/1 offer from Stan James. All you need to do is place a single bet at odds of 2/1 or greater via Mobile or Tablet on Leverkusen v PSG or Manchester City v Barcelona on Tuesday, and if it goes on to win Stan James will match your stake as a Free Bet up to £25.00. Translated into matched betting terms, this gives us a potential profit of £11.50! And here’s how…
It’s entirely up to you which selection you go for but I’ve gone for a draw between Manchester City and Barcelona.
Step 1:
Place £25.00 on the draw @ Stan James @ 3.5 = Potential profit of £62.50.
Lay £24.31 on the draw @ Betfair @ 3.65 = Potential liability of £64.42.
Step 2:
Let’s have a look at our current potential profit/loss for the two outcomes…
|
Draw |
£62.50 – £64.42 + £18.75 (Assumes a 75% return from our £25.00 free bet) = £16.83 profit |
|
Not a draw |
-£25.00 + £23.09 = £1.91 loss |
So as things stand we will win £16.83 if the match is drawn! Unfortunately, we also stand to lose just under £2.00 if it isn’t a draw and so we need to insure ourselves against this by laying the draw at Betfair.
Step 3:
As £1.91 is the maximum we stand to lose, we need to work out our draw lay stake by taking commission into consideration. £1.91 / 0.95 = £2.01.
Lay £2.01 on the draw @ Betfair @ 3.65 = Potential liability of £5.33.
Now let’s have a look at our overall potential profit/loss for the two outcomes…
|
Draw |
£16.83 – £5.33 = £11.50 profit |
|
Not a draw |
-£1.91 + £1.91 = £0.00 |
So, if the game isn’t drawn we break even, but if it is drawn, then we make £11.50 profit for very little work!
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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.