The Open Championship 2016 gets underway at Royal Troon on Thursday and BetBright are getting in on the action. Place a pre-tournament bet on The Open Outright Winner market and every time our player makes 3 birdies in the same round, BetBright will give us a free bet. Translated into matched betting terms, this gives us a potential profit of £9.51 and here’s how…
Qualifying Bet:
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.
Our qualifying bet must be placed before the tournament starts, which gets underway at 06:35 on Thursday 14th July 2016.
For every £20.00 staked (maximum of £100.00) on our selected player, BetBright will give us a £1.00 free bet every time they make 3 birdies in the same round. So, if we bet the maximum amount of £100.00, we’ll get a £5.00 free bet each time our player makes 3 birdies in the same round.
For those of you who aren’t overly familiar with golf, a birdie is when a player gets the ball in the hole in one shot under par. Eagles (2 shots under par) and Albatrosses (3 shots under par) will be classed as a birdie for the purpose of this promotion.
It’s entirely up to you who you place your qualifying bet on but it makes sense to go for a player with fairly low odds. This gives us a good chance of bagging some free bets and keeps our qualifying loss to a minimum. The tournament is scheduled to finish on Sunday 17th July 2016.
Having looked at the odds available, I’ve opted to place my qualifying bet on Dustin Johnson.
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 work out our lay stake by entering our odds into my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £95.42…
Place £100.00 on Dustin Johnson @ 10.00 = Potential profit of £900.00
Lay £95.42 on Dustin Johnson @ 10.50 = Potential liability of £906.49
Let’s have a look at our potential profit/loss for the two outcomes…
| Dustin Johnson wins | + £900.00 – £906.49 = £6.49 loss |
| Dustin Johnson doesn’t win | – £100.00 + £93.51 (£95.42 minus 2% commission) = £6.49 loss |
So, regardless of who wins the tournament, we will lose £6.49 in qualifying for our potential free bets.
Free Bets:
For every 3 birdies that Dustin Johnson makes per round, we will get a £5.00 free bet credited by 11:30 the following day. If Dustin Johnson were to make 3 birdies in each of the 4 rounds, we would receive £20.00 in free bets, from which we would extract 80% as cash, so £16.00.
If we take into account our qualifying loss of £6.49, this gives us a potential profit of £9.51 on this BetBright offer!
* Dustin Johnson made 6 birdies in the 2nd round and 3 birdies in the 3rd round, meaning I made a profit of £5.51 on this BetBright offer. *
More reload offers – Make £300+ per month
With detailed walkthroughs for all the best offers as they’re released, you’ll be bagging recurring profits in no time.
More reload offers
Got a question?
Leave me a comment below…
I usually respond within 24 hours.
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.