Tottenham host Man Utd in the Premier League today and Stan James are getting in on the action. Simply place a £20.00 bet on the Match Betting market for Tottenham v Man Utd and if our bet is a winner, Stan James will give us a £5.00 free bet. Translated into matched betting terms, this gives us a potential profit of £3.46 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 they should be done.
Qualifying bets must be placed between 09:00 on Thursday 11th May 2017 and 16:30 on Sunday 14th May 2017, to be eligible.
Having looked at the odds available, I’ve opted to place my qualifying bet on a draw.
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 stake using the matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £19.84…
Place £20.00 on a draw @ 3.80 = Potential profit of £56.00
Lay £19.84 on a draw @ 3.85 = Potential liability of £56.54
Let’s have a look at our potential profit/loss for the possible outcomes…
| Draw | + £56.00 – £56.54 + £4.00 (extract 80% of £5.00 free bet) = £3.46 profit |
| Not a draw | – £20.00 + £19.44 (£19.84 minus 2% commission) = £0.56 loss |
So, if the game is a draw, we’ll make a nice profit of £3.46, otherwise we’ll have made a small loss of £0.56. Risking £0.56 to make a profit of £3.46, gives us effective odds of 7.18, so given that the odds of a draw are only 3.50, this is a profitable offer in the long run.
If eligible, our free bet will be credited within 48 hours and will be valid for 7 days. Free bet stakes are not returned with any winnings.
If you’re unsure how to extract 80% cash from a £5.00 free bet, please see my Free Bet Strategy page for a walk-through guide on how it should be done.
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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.