The anticipation is building ahead of the World Cup 2018 and Sky Bet are getting in on the action! Simply place a bet on any team to win the World Cup and if they don’t win, Sky Bet will refund our losing stake as a free bet, up to a maximum of £10.00! Translated into matched betting terms, this gives us a guaranteed profit of £6.10 and here’s how…
Qualifying Bet:
Qualifying bets must be placed between 09:00 on Thursday 24th May 2018 and Sunday 17th June 2018 or when 600,000 customers have claimed this promotion, whichever comes first.
If our selected team gets knocked out, our losing stake will be refunded as a free bet, so this is effectively a risk-free offer.
It’s entirely up to you which team you place your qualifying bet on. Having looked at the odds available, we could place our qualifying bet on Brazil.
At the time of writing, laying our bet at Smarkets gives us the smallest qualifying loss.
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 extract (80%) from our £10.00 free bet, should our bet lose…
As you can see, the calculator tells us that our lay stake should be £8.27…
Place £10.00 on Brazil @ 5.50 = Potential profit of £45.00
Lay £8.27 on Brazil @ 5.70 = Potential liability of £38.86
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
| Brazil win | + £45.00 – £38.86 = £6.14 profit |
| Brazil get knocked out | – £10.00 + £8.10 + £8.00 (extract 80% from our £10.00 free bet) = £6.10 profit |
So, regardless of the outcome, we’ll make a guaranteed profit of £6.10 on this Sky Bet offer!
If our selection loses, our free bet will be credited within 24 hours of our team being knocked out and will be valid for 7 days.
If you’re unsure how to extract around 80% cash from a £10.00 free bet, check out my Free Bet Strategy page for a walk-through guide on how it should be done.
* Brazil were knocked out in the Quarter-Finals by Belgium, resulting in a profit of £6.10 on this Sky Bet offer. *
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £90,000 worth of profit, and made it my mission to make matched betting accessible to everyone.