TitanBet Offer – Premier League 2016/17

The new Premier League 2016/17 season gets underway on Saturday and you don’t want to miss this TitanBet offer! Stake £20.00 or more on a team to win the Premier League 2016/17 and TitanBet will give us a £5.00 free bet for every goal our selection scores on the opening weekend. Translated into matched betting terms, this gives us a potential profit of £13.08 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.

This promotion is available from 12:00 on Thursday 28th July 2016 until 12:30 on Saturday 13th August 2016.

We must place a real money win single bet of £20.00 or more on the Premier League Winner 2016/17 market. We will then receive a £5.00 free bet for every goal our selection scores during the first weekend of Premier League Matches (Saturday 13th August 2016 – Monday 15th August 2016).

It’s entirely up to you who you place your qualifying bet on, but having looked at the odds available, I’ve opted to place my qualifying bet on the favourites, Manchester City.

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.

You can find the Premier League 2016/17 outright market by entering ‘Premier League’ in the search box at the top of the homepage or by using the following link trail…

Smarkets > Football > Outright > Premier League Winner 2016/17

We can work out our lay stake by entering our odds into 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 £17.43…

titanbet

Place £20.00 on Man City @ 3.25 = Potential profit of £45.00

smarkets white

Lay £17.43 on Man City @ 3.75 = Potential liability of £47.92

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

Man City win + £45.00 – £47.92 = £2.92 loss
Man City don’t win – £20.00 + £17.08 (£17.43 minus 2% commission) = £2.92 loss

So, regardless of who wins the Premier League 2016/17, we will lose £2.92 in qualifying for our potential free bets.

Free Bets:

Free bets must be used on football within 7 days and the free bet stake is not returned with any winnings.

Leicester City secured the biggest win on the opening weekend last season by beating Sunderland 4-2.

If Manchester City can do the same, we would receive £20.00 in free bets, from which we would extract 80% as cash, so £16.00. If we take into account our qualifying loss of £2.92, this gives us a potential profit of £13.08 on this TitanBet offer!

NOTE: If you do not wish to have funds tied up in your Smarkets account for the duration of the season, you could let your back bet run as a punt. Manchester City should score some goals to cover part of your £20.00 stake and if they go on to win the league, you’ll make a nice profit of £45.00 in addition to the free bets.

* Chelsea won the Premier League 2016/17 title after Man City beat Sunderland 2-1 on the opening weekend, meaning I made a profit of £5.08 on this Titanbet offer. *

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched 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.