The Champions League knockout stages continue this week and this TonyBet offer is not to be missed. Place a £5.00 Correct Score bet on Arsenal v Barcelona and/or Dynamo Kyiv v Man City and if it loses, TonyBet will refund us as a bonus up to a maximum of £5.00. Translated into matched betting terms, this gives us a guaranteed minimum profit of £7.50 and here’s how…
Qualifying Bet:
For this offer we need to select a correct score that has tight back and lay odds. If we underlay our bet instead of matching it completely, we can guarantee ourselves a profit on any outcome. Having looked at the odds available for Arsenal v Barcelona, I’ve opted to place my qualifying bet on a 2-0 Barcelona win.
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 ‘Risk-Free Bet’ setting on my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £4.34…
Place £5.00 on 2-0 Barcelona @ 10.00 = Potential profit of £45.00
Lay £4.34 on 2-0 Barcelona @ 10.50 = Potential liability of £41.25
Let’s have a look at our potential profit/loss for the possible outcomes…
2-0 Barcelona | +£45.00 – £41.25 = £3.75 profit |
Not 2-0 Barcelona | -£5.00 + £4.25 + £4.50 (extract 90% from our £5.00 bonus) = £3.75 profit |
So, regardless of the result of the match, we will make a guaranteed minimum profit of £3.75. If we follow the same strategy for Dynamo Kyiv v Man City on Wednesday, we should make a guaranteed minimum profit of £7.50 on this TonyBet offer.
The above calculations are made on the basis that, should our correct score bet lose, we can extract 90% from our £5.00 bonus as cash, so £4.50. This is because any bonuses we receive must be rolled over once at minimum odds of 1.85 or above.
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £70,000 worth of profit, and made it my mission to make matched betting accessible to everyone.