£10.68
Potential Profit
£4.28
Actual Profit

World Cup 2018 Offer – Sportingbet


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

The World Cup 2018 is almost upon us and you don’t want to miss this Sportingbet offer. Simply bet £10.00 on the World Cup 2018 Tournament Winner market and Sportingbet will give us a £2.00 free bet every time they win a match! Translated into matched betting terms, this gives us a potential profit of £10.68 and here’s how…

Qualifying Bet:

We must opt-in to this offer on the promotion page.

Qualifying bets must be placed between 00:01 on Friday 8th June 2018 and 16:00 on Thursday 14th June 2018, to be eligible.

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.

Just bear in mind that our exchange funds will be tied up until our team get knocked out. The alternative is to not lay our bet and just let the qualifying bet run. Brazil should win enough matches to cover some of the £10.00 stake and we could win big if they go on to win the tournament.

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 £9.68…

Sportingbet logo

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

Smarkets logo

Lay £9.68 on Brazil @ 5.70 = Potential liability of £45.49

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

Brazil win+ £45.00 – £45.49 = £0.49 loss
Brazil don't win- £10.00 + £9.48 (£9.68 minus 2% commission) = £0.52 loss

So, regardless of who wins the tournament, we’ll lose a maximum of £0.52 in qualifying for our potential free bets.

NOTE: It’s worth pointing out that if we select the same team for the various different bookmaker Outright Winner offers, we would need a huge amount in our exchange account to cover the overall liability. By selecting a few different teams, we can reduce our overall liability at the exchange. That’s because only one team can win the tournament, so we just need enough exchange funds to cover the team with the largest liability.

Free Bets:

For every match that Brazil win, we’ll receive a £2.00 free bet within 24 hours. Free bets will be valid for 48 hours and free bet stakes are not included in any returns.

There are 3 group matches and 4 potential knock out matches. If Brazil win all 7 matches, we’ll receive £14.00 in free bets. By using straightforward matched betting, we should be able to extract 80% cash from our £14.00 in free bets, so £11.20. If we take our maximum qualifying loss of £0.52 into account, that gives us a potential profit of £10.68 on this Sportingbet offer!

* Brazil won 3 matches before losing to Belgium in the Quarter-Finals, resulting in a profit of £4.28 on this Sportingbet offer. *

Post a comment


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