Leicester City host Man City in today’s late kick-off and Sun Bets are getting in on the action! Simply bet £5.00 on Leicester City v Man City after we’ve entered promo code ‘CITY’ and Sun Bets will give us a £5.00 free bet. Translated into matched betting terms, this gives us a guaranteed profit of £3.79 and here’s how…
Qualifying Bet:
We must enter promo code ‘CITY’ on the promo page to be eligible.
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.
It’s entirely up to you which market you place your qualifying bet on.
Having looked at the odds available, I’ve opted to place my qualifying bet on Man City in the Match Result market.
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 £4.89…
Place £5.00 on Man City @ 1.70 = Potential profit of £3.50
Lay £4.89 on Man City @ 1.76 = Potential liability of £3.71
Let’s have a look at our potential profit/loss for the possible outcomes…
| Man City win | + £3.50 – £3.71 = £0.21 loss |
| Man City don’t win | – £5.00 + £4.79 (£4.89 minus 2% commission) = £0.21 loss |
So, regardless of the result of the match, we’ll lose £0.21 in qualifying for our £5.00 free bet.
Free Bet:
Our £5.00 free bet will be credited on Saturday 10th December 2016 and will be valid for 30 days. Free bet stakes are not included in any returns.
By using straightforward matched betting, we should be able to extract 80% of the £5.00 free bet as cash, so £4.00. If we take into account our qualifying loss of £0.21, this gives us a guaranteed profit of £3.79!
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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.