£7.23
Guaranteed Profit
£7.24
Actual Profit

Wolves v Olympiakos Offer – Novibet


Posted by Matt (administrator) Matt
Start Time: 06/08/2020 20:00

It’s Wolves v Olympiakos in the Europa League on Thursday night and you don’t want to miss this Novibet free bet offer! Simply place a £30.00+ single bet on Wolves v Olympiakos and Novibet will give us a £10.00 free bet. Translated into matched betting terms, this gives us a guaranteed profit of £7.23 and here’s how…

Key Terms:

  • Applies to single pre-match or in play bets on any Wolves v Olympiakos market.
  • Minimum stake of £30.00.
  • Minimum odds of 1.70 (7/10).

Qualifying Bet:

If you’re unsure about how to place qualifying bets, check out my Qualifying Bet Strategy page for a walk-through guide on how they should be done.

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 Wolves in the Match Result market.

At the time of writing, laying our bet with 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 stake 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 £29.83…

Novibet logo

Place £30.00 on Wolves @ 1.76 = Potential profit of £22.80

Betfair logo

Lay £29.83 on Wolves @ 1.79 = Potential liability of £23.56

Outcomes:

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

Outcome Bookie Exchange Profit/Loss
Wolves win +£22.80 -£23.56 £0.76 loss
Wolves don't win -£30.00 +£29.23 £0.77 loss

So, regardless of the outcome, we’ll lose a maximum of £0.77 in qualifying for our £10.00 free bet.

Free Bet:

Our £10.00 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.

By using straightforward matched betting, we should be able to extract 80% cash from our £10.00 free bet, so £8.00. If we take into account our maximum qualifying loss of £0.77, this gives us a guaranteed profit of £7.23 on this Novibet offer!

* Wolves won the match 1-0, resulting in a profit of £7.24 on this Novibet offer. *

Comments


  1. Werdna

    Guest user

    I can’t see this on their site?

    +0
    Reply
    1. Matt

      328

      You should see it amongst the rotating offers at the top of their homepage Werdna.

      +0
      Reply
  2. Joe

    Guest user

    There’s another one for Chelsea and Bayern tonight.

    +1
    Reply
    1. Matt

      328

      Thanks for posting Joe.

      +0
      Reply

Post a comment


Your email address will not be published. Required fields are marked *