£3.80
Guaranteed Profit
£3.81
Actual Profit

Watford v Middlesbrough Offer – Sky Bet


Posted by Matt (administrator) Matt
Start Time: 11/09/2020 19:45

It’s Watford v Middlesbrough on Friday night and you don’t want to miss this Sky Bet free bet offer! Simply opt-in and bet on any Watford v Middlesbrough market and Sky Bet will give us a £5.00 free bet. Translated into matched betting terms, this gives us a guaranteed profit of £3.80 and here’s how…

Key Terms:

  • We must opt in on the promotion page to be eligible.
  • Minimum bet to qualify is 5p.
  • Promotion will run between 09:00 on Friday 11th September 2020 and full-time (around 21:30 the same day).
  • Available to first 400,000 qualifying customers.

Qualifying Bet:

If you’d like more information about qualifying bets and how they work, please see my Qualifying Bets Guide.

It’s entirely up to you what you place your qualifying bet on. Having looked at the odds available, we could place our qualifying bet on Watford in the Full Time Result market.

The minimum bet is just 5p for this offer, but it may be worth staking a solid £5.00 to appear a little more muggy.

At the time of writing, laying our bet at Betfair gives us the smallest qualifying loss.

Betfair are currently offering new customers 0% commission up to £500 for the first 30 days.

Banner showing the zero commission sign up offer from Betfair

Banner showing the zero commission sign up offer from Betfair

If you’re an existing Betfair customer, you can opt in to pay just 2% commission by selecting their Basic reward plan.

For more information about My Betfair Rewards and how to opt in, please see my Betfair 2% Commission page.

We can calculate our lay stakes using 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 £4.90…

Sky Bet logo

Place £5.00 on Watford @ 2.00 = Potential profit of £5.00

Betfair logo

Lay £4.90 on Watford @ 2.06 = Potential liability of £5.19

Outcomes:

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

Outcome Bookie Exchange Profit/Loss
Watford win +£5.00 -£5.19 £0.19 loss
Watford don't win -£5.00 +£4.80 £0.20 loss

So, regardless of the outcome, we’ll lose a maximum of £0.20 in qualifying for our £5.00 free bet.

Free Bet:

Our £5.00 free bet will be credited upon placement of our qualifying bet(s) and will be valid on any market. Free bets do not have an expiry date and free bet stakes are not included in any returns.

Using straightforward matched betting, we should be able to convert our £5.00 free bet into 80% cash, so £4.00. If we take into account our maximum qualifying loss of £0.20, this gives us a guaranteed profit of £3.80 on this Sky Bet offer!

* Watford won the match 1-0, resulting in a profit of £3.81 on this Sky Bet offer. *

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