Chelsea and Man Utd go head to head in the FA Cup on Monday night and you don’t want to miss this William Hill offer! Bet £20.00+ pre-match on Chelsea v Man Utd and William Hill will give us a £10.00 free bet to use on Cheltenham Festival 2017. Translated into matched betting terms, this gives us a guaranteed profit of £6.78 and here’s how…
Qualifying Bet:
If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walk-through guide on how it should be done.
To be eligible for our £10.00 free bet, we must bet £20.00+ pre-match at odds of 1.50 (1/2) or greater on Chelsea v Man Utd (19:45 on Monday 13th March 2017).
Having looked at the odds available, I’ve opted to place my qualifying bet on Chelsea in the ’90 Minutes’ market.
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 my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £19.17…
Place £20.00 on Chelsea @ 1.85 = Potential profit of £17.00
Lay £19.17 on Chelsea @ 1.95 = Potential liability of £18.21
Let’s have a look at our potential profit/loss for the possible outcomes…
| Chelsea win | + £17.00 – £18.21 = £1.21 loss |
| Chelsea don’t win | – £20.00 + £18.78 (£19.17 minus 2% commission) = £1.22 loss |
So, regardless of the outcome, we’ll lose a maximum of £1.22 in qualifying for our £10.00 free bet.
Free Bet:
Our £10.00 free bet will be credited by 09:00 on Tuesday 14th March 2017 and must be used on Cheltenham Festival 2017. If unused, our free bet will expire at 18:00 on Friday 17th March 2017.
By using straightforward matched betting, we should be able to extract 80% of our £10.00 free bet as cash, so around £8.00. If we take into account our maximum qualifying loss of £1.22, this gives us a guaranteed profit of £6.78 on this William Hill offer!
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £100,000 worth of profit, and made it my mission to make matched betting accessible to everyone.