Event Start Time (GMT): 13/08/2017 : 16:00
West Ham are the visitors to Old Trafford today and Unibet are getting in on the action. Place a £20.00+ in play bet at odds of 3.00 (2/1) or greater on Man Utd v West Ham and if it’s a winner, Unibet will match our stake as a free in play bet, up to £20.00. Translated into matched betting terms, this gives us a potential profit of £15.65 and here’s how…
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.
Qualifying bets must be placed in play at odds of 3.00 (2/1) or greater, to be eligible. Only our first in play bet will be eligible for this offer.
It’s impossible to know what odds will be available until the game gets underway. We’ll need to find a selection with tight back and lay odds as close to the 3.00 (2/1) as possible to give ourselves the best chance of bagging a free in play bet.
I’ll use fictional odds on a draw in the following example and I’ll update the bottom of the post with my actual selection after the match.
It’s entirely up to you when you place your in play bet, but it may be worth waiting until half-time when the odds are fairly stable. It reduces the risk of the odds fluctuating unfavourably whilst we are trying to get our lay bets on.
I like to place my exchange lay bets with Smarkets as they have great liquidity, the site is really easy to use and they’re charging 0% commission on all markets this weekend.
We can calculate our lay stake using the following matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £19.65…
Place £20.00 on a draw @ 5.60 = Potential profit of £92.00
Lay £19.65 on a draw @ 5.70 = Potential liability of £92.35
Let’s have a look at our potential profit/loss for the two outcomes…
|Draw||+ £92.00 – £92.35 + £16.00 (80% of £20.00 free bet) = £15.65 profit|
|Not a draw||- £20.00 + £19.65 (£19.65 minus 0% commission) = £0.35 loss|
So, if the match is drawn, we’ll make a profit of £15.65, otherwise we’ll make a loss of £0.35. Risking £0.35 to make a profit of £15.65, gives us effective odds of 45.71, so given the fact that the odds on a draw are currently 5.60, this is a very profitable offer in the long run.
If our qualifying bet wins, our £20.00 free in play bet will be credited on the next working day after the game. Free bet stakes are not included in any returns.
If you’re not sure how to extract 80% of our £20.00 free in play bet, please see my Free Bet Strategy page for a walk-through guide on how it should be done.
Extracting profit from our free bets can be a little tricky when betting in play. One option is to wait until half-time, as the odds don’t fluctuate as much as when the game is live. If you place your free bet and then something happens in the game that changes the lay odds, it will affect your profit one way or the other.
Another option is to place it on 1-1, 2-1 or 3-1 whilst the score is at 0-0. By selecting a scoreline where both teams score, it reduces the risk of the odds fluctuating unfavourably.
NOTE: For those of you that would prefer to lock in a guaranteed profit on this offer, you could simply add 0.80 (80% extracted from your £20.00 free bet) to your back odds of 5.60, to give you your effective odds of 6.40. This will enable you to make a guaranteed profit of £2.44. It’s more profitable in the long run to do this offer as set out above. We are effectively risking our £2.44 guaranteed profit to make a profit of £15.65, which gives us effective odds of 6.41, which are higher than the actual draw odds of 5.60.
* I was unable to find a suitable qualifying bet, so I decided to give this offer a miss. *