🚨 BIG ANNOUNCEMENT: 0% commission with Smarkets for all MBB users!   Find out more

Texans @ Lions Offer – Virgin Bet

It’s Houston Texans @ Detroit Lions in the NFL on Thursday and you don’t want to miss this Virgin Bet free bet offer! Simply place a £20.00+ pre-match bet on Texans @ Lions and Virgin Bet will give us £10.00 in free bets to use on American Football. Translated into matched betting terms, this gives us a guaranteed profit of £6.84 and here’s how…

Key Terms:

  • Applies to single pre-match or in play bets.
  • Applies to bets placed on Texans @ Lions (17:30) on Thursday 26th November 2020.
  • Minimum stake of £20.00.
  • Minimum odds of 1.80 (4/5).

Qualifying Bet:

If you’d like more information about qualifying bets and how they work, please see my qualifying bets guide.

It’s entirely up to you what you place your qualifying bet on. Having looked at the odds available, we could place our qualifying bet on Detroit Lions in the Winner FT market.

At the time of writing, laying our bet at Betfair gives us the smallest qualifying loss. Betfair are currently offering new customers 0% commission up to £500 for the first 30 days.

Banner showing the zero commission sign up offer from Betfair.
Banner showing the zero commission sign up offer from Betfair.

If you’re an existing Betfair customer, you can opt in to pay just 2% commission by selecting their Basic reward plan.

For more information about My Betfair Rewards and how to opt in, please see my Betfair 2% Commission page.

We can calculate our lay stakes using my matched betting calculator…

Back Bet (Bookie)

%

Lay Bet (Betting Exchange)

%

Min £
Max £
Lay stake required: £
Bookie
Exchange
Cashback
Total
If back (bookie) bet wins
£
£
£
= £
If lay (exchange) bet wins
£
£
£
= £
Total profit: £

Optimal Underlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

Optimal Overlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

As you can see, the calculator tells us that our lay stake should be £19.23…

Virgin Bet logo

Place £20.00 on Detroit Lions @ 2.50 = Potential profit of £30.00

Betfair logo

Lay £19.23 on Detroit Lions @ 2.62 = Potential liability of £31.15

Outcomes:

Let’s have a look at our potential profit/loss for the possible outcomes…

OutcomeBookieExchangeProfit/Loss
Detroit Lions win+ £30.00– £31.15£1.15 loss
Detroit Lions lose or tie– £20.00+ £18.84£1.16 loss

So, regardless of the outcome, we’ll lose a maximum of £1.16 in qualifying for our £10.00 in free bets.

Free Bets:

Once our qualifying bet has settled, a pop-up window will appear within 3 hours for us to collect our 2 x £5.00 free bets. Our free bets must be accepted before 23:59 on Friday 27th November 2020, following which they will be valid on American Football for 7 days. Free bet stakes are not included in any returns.

Using straightforward matched betting, we should be able to convert our 2 x £5.00 free bets into 80% cash, so £8.00. If we take into account our maximum qualifying loss of £1.16, this gives us a guaranteed profit of £6.84 on this Virgin Bet offer!

* Houston Texans won the match 41-25, resulting in a profit of £6.84 on this Virgin Bet offer. *

Got a question?
Leave me a comment below

I usually respond within 24 hours.

Matt Kirman - Matched Betting Blogger

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £60,000 worth of profit, and made it my mission to make matched betting accessible to everyone.