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Wolves v Crystal Palace Offer – Novibet

It’s Wolves v Crystal Palace in the FA Cup Third Round on Friday night and you don’t want to miss this Novibet risk-free bet offer! Simply place a single bet of £10.00+ on Wolves v Crystal Palace and if it loses, Novibet will credit our account with a £10.00 free bet. Translated into matched betting terms, this gives us a guaranteed profit of £5.78 and here’s how…

Key terms

  • Applies to first pre-match or in play bet on Wolves v Crystal Palace.
  • Minimum stake of £10.00.
  • Minimum odds of 1.70 (7/10).
  • Maximum free bet of £10.00 if our bet does not win.

Qualifying bet

If our first bet of £10.00+ loses, Novibet will credit our account with a £10.00 free bet, so we can treat this as a risk-free bet offer.

We’ll need to place our bet at long odds in order to maximise our profit.

Having looked at the odds available, we could place our qualifying bet on Crystal Palace in the Full Time Result market.

Either exchange works for this offer

Betfair and Smarkets are both great options for this offer. If you’ve not used one of them, now is a great time to give them a try.

  • 2% commission for all new signups
  • 0% commission for 60 days

We can work out our lay stake by using the ‘Risk-Free Bet’ setting on my Matched Betting Calculator. We can enter £8.00 as our ‘Cashback’ figure as this is the amount we can expect to convert our £10.00 free bet into, should our bet lose…

Select bet type

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 £7.94…

Novibet logo

Place £10.00 on Crystal Palace @ 4.20 = Potential profit of £32.00

Betfair logo

Lay £7.94 on Crystal Palace @ 4.30 = Potential liability of £26.20

Outcomes

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

OutcomeNovibetBetfairFree BetProfit/Loss
Crystal Palace win+ £32.00– £26.20£5.80 profit
Crystal Palace lose or draw– £10.00+ £7.78+ £8.00£5.78 profit

So, regardless of whether Crystal Palace win, lose or draw, we’ll make a guaranteed profit of £5.78 on this Novibet offer!

If eligible, our free bet will be credited within 24 hours of our qualifying bet being settled and will be valid for 7 days. Free bet stakes are not included in any returns.

If you’re unsure how to convert your £10.00 free bet into £8.00 cash (80%), please see my free bets guide for a walkthrough of how it should be done.

* Wolves won the match 1-0, resulting in a profit of £5.78 on this Novibet offer. *

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £60,000 worth of profit, and made it my mission to make matched betting accessible to everyone.