The Open Championship 2016 is in full swing and 10Bet are getting in on the action! Simply opt-in to the promotion and bet £10.00 on any Open Championship 2016 market, and 10Bet will give us a £10.00 free bet to use on the USPGA Championship. Translated into matched betting terms, this gives us a guaranteed profit of £7.77 and here’s how…
Qualifying Bet:
We must opt-in on the promotion page to be eligible for this offer.
If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walk-through guide on how they should be done.
Qualifying bets can be placed on any Open Championship 2016 market as long as it is placed at odds of 1.60 (3/5) or greater.
It’s entirely up to you what you place your qualifying bet on. Having looked at the odds available, I’ve opted to place my qualifying bet on Dustin Johnson in the Outright Winner market.
I like to place my exchange lay bets with Smarkets as they have great liquidity, the site is really easy to use and they only charge 2% commission in comparison to the 5% charged by other betting exchanges.
We can calculate our lay stakes using my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £9.97…
Place £10.00 on Dustin Johnson @ 9.75 = Potential profit of £87.50
Lay £9.97 on Dustin Johnson @ 9.80 = Potential profit of £87.73
Let’s have a look at our potential profit/loss for the possible outcomes…
| Dustin Johnson wins | + £87.50 – £87.73 = £0.23 loss |
| Dustin Johnson doesn’t win | – £10.00 + £9.77 = £0.23 loss |
So, regardless of who wins the tournament, we will lose £0.23 in qualifying for our £10.00 free bet.
Free Bet:
Our £10.00 free bet will be credited shortly after placement of our qualifying bet and must be used on the USPGA Championship, which takes place between 28th July 2016 and 31st July 2016. The free bet will always be used prior to real money. Free bet stakes are not included in any returns.
By using straightforward matched betting, we should be able to extract 80% of our £10.00 free bet as cash, so around £8.00. If we take into account our qualifying loss of £0.23, this gives us a guaranteed profit of £7.77 on this 10Bet offer.
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.