It’s not often I get to say this, but check out this Winner offer! Simply place a single bet of £20.00 or more pre-match on Manchester United v Tottenham and Winner will give us a £10.00 free bet to be used in-play on Chelsea v Swansea. Translated into matched betting terms, this gives us a guaranteed profit of £6.76 and here’s how…
Qualifying bet
If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walkthrough guide on how to place your qualifying bets.
It’s entirely up to you what you place your £20.00 qualifying bet on, as long as you place it at the minimum odds of 1.80 (4/5) or above. Having looked at the odds on offer, I’ve opted to place my qualifying bet on a draw.
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.
Place £20.00 on a draw @ 4.00 = Potential profit of £60.00
Lay £19.14 on a draw @ 4.20 = Potential liability of £61.24
| Draw | £60.00 – £61.24 = £1.24 loss |
| Not a draw | -£20.00 + £18.76 = £1.24 loss |
So regardless of the result, we will lose £1.24 in qualifying for our £10.00 in-play free bet.
Free bet
Our free bet will be credited upon settlement of our qualifying bet and the free bet must be used in-play on Chelsea v Swansea at odds of between 2.00 and 11.00.
It’s impossible to know what odds will be available until the match have kicked off but by using straightforward matched betting, we should be able to extract 80% out of the £10.00 free bet as cash, so £8.00. If we take into account our qualifying loss of £1.24, this gives us a guaranteed profit of £6.76!
My advice is to wait until half-time to place your free bet 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 80% of the £10.00 free bet, please see my Free Bet Strategy page for a walkthrough guide on how it should be done.
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.