The Champions League Quarter-Finals conclude this week and this TonyBet offer is not to be missed. Place a £5.00 Correct Score bet on Real Madrid v Wolfsburg and/or Atletico Madrid v Barcelona 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 £6.22 and here’s how…
Qualifying Bets:
For this offer we need to select correct scores that have tight back and lay odds. If we treat this as a risk-free bet offer and underlay our bets instead of matching them completely, we can guarantee ourselves a profit on any outcome. Having looked at the odds available for Real Madrid v Wolfsburg, I’ve opted to place my qualifying bet on 3-0 to Real Madrid.
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 £3.68…
Place £5.00 on 3-0 Real Madrid @ 8.25 = Potential profit of £36.25
Lay £3.68 on 3-0 Real Madrid @ 10.00 = Potential liability of £33.14
Let’s have a look at our potential profit/loss for the possible outcomes…
3-0 Real Madrid | + £36.25 – £33.14 = £3.11 profit |
Not 3-0 Real Madrid | – £5.00 + £3.61 + £4.50 (extract 90% from our £5.00 bonus) = £3.11 profit |
So, regardless of the result of the match, we will make a guaranteed profit of £3.11. If we follow the same strategy for Atletico Madrid v Barcelona on Wednesday, we should make a total guaranteed minimum profit of £6.22 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 £90,000 worth of profit, and made it my mission to make matched betting accessible to everyone.