A great in-play offer from Betfair. Grab an In-Play free bet on The Northern Trust Open. Place a minimum £10.00 PRE-TOURNAMENT Outright Winner bet on the AFRICA OPEN and you will receive (at tee off time) a £5.00 free bet to be used IN-PLAY ONLY on the NORTHERN TRUST OPEN. Translated into matched betting terms, this gives us a minimum guaranteed profit of £3.27. And here’s how…
Step 1:
Having looked at the odds available, I’ve decided to place my Africa Open bet on Gregory Bourdy to win.
Place £10.00 on Gregory Bourdy @ Betfair Sportsbook @ 21.00 = Potential profit of £200.00.
Lay £10.02 on Gregory Bourdy @ Ladbrokes Exchange @ 21.00 = Potential liability of £200.40.
Step 2:
Let’s have a look at our current potential profit/loss for the two outcomes…
|
Gregory Bourdy wins |
+£200.00 – £200.40 = £0.40 loss |
|
Gregory Bourdy doesn’t win |
-£10.00 + £9.52 (£10.02 minus 5% commission) = £0.48 loss |
So regardless of the outcome, we will lose a maximum of £0.48 in order to claim our £5.00 in-play free bet.
Step 3:
Our account will be credited with the free bet at 14:00 on 14th February 2014. By using straightforward matched betting, we should be able to extract at least 75% of this free bet, so approximately £3.75. If we take into consideration our initial maximum loss of £0.48, we should make around £3.27 PROFIT on this offer.
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £100,000 worth of profit, and made it my mission to make matched betting accessible to everyone.