£6.10
Guaranteed Profit
£6.10
Actual Profit

World Cup 2018 Offer – Sky Bet


Posted by Matt (administrator) Matt
Start Time: 14/06/2018 16:00

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…

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 £8.27…

Sky Bet logo

Place £10.00 on Brazil @ 5.50 = Potential profit of £45.00

Smarkets logo

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. *

Comments


  1. Matthew H

    Can I not just bet on Iran to save me laying and keeping some extra money in the exchange?

  2. Jamie

    You could, but then you would have lost £2 if they don’t win, so a pointless exercise!

  3. Matthew H

    Where am I losing the £2? Put £10 on Iran, they lose in the group stages. Immediate refund. £7-8 profit from free bet.

    1. Matt

      You would lose your £10.00 stake and then extract £8.00 cash from the free bet refund. Overall, that’s a £2.00 loss Matthew.

      1. Matthew H

        Oh wow, I’ve been doing this for 4 years and slipped up on such an obvious thing. My bad sorry!

        1. Matt

          No worries mate, better to ask the question if you suspect you’re missing something.

  4. Tipsy Turner

    I’ve gone for Brazil, might let it run for a bit and see if I can get an arb.

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