Kick-off time (GMT): 22/08/2015 : 12:45
Get a load of this Vernons in-play offer! It’s great to see some of the smaller bookies being so competitive and running some really great offers. Simply place a single bet of £20.00 or more pre-match on any Premier League game and Vernons will give us a £10.00 free bet to be used in-play. Translated into matched betting terms, this gives us a guaranteed profit of £31.50 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.
According to the terms of the offer, once we have placed an eligible qualifying bet, a free bet token of £10.00 will be credited to be used in-play on any English Premier League match. We are able to claim a maximum of 5 x £10.00 free bets. It’s entirely up to you what you place your qualifying bets on, as long as you place them at the minimum odds of 1.50 (1/2) or above.
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 stakes using the matched betting calculator.
So we will lose approximately £6.00 in qualifying for our 5 x £10.00 in-play free bets.
It’s impossible to know what odds will be available until the matches have kicked off but by using straightforward matched betting, we should be able to extract 75% out of the 5 x £10.00 free bets as cash, so £37.50. If we take into account our qualifying loss of £6.00, this gives us a guaranteed profit of £31.50!
Extracting profit from our free bets can be a little tricky when betting in-play. My advice is to wait until half-time to place your free bets and then lay them at the betting exchange. This is simply because the odds don’t fluctuate as much as when the game is live. There’s nothing worse than placing a free bet on a market and then something happens in the game that changes the odds before you have chance to get your lay bet on! I tend to look at the correct score markets first and then if I can’t find anything suitable I move onto goal scorer markets.
If you’re not sure how to extract 75% of the 5 x £10.00 in-play free bets, please see my Free Bet Strategy page for a walk-through guide on how it should be done.