The European Tour heads to Dubai this week and you don’t want to miss this Betfair offer! Place a £10.00 pre-tournament win single bet on the Outright market for the Omega Dubai Desert Classic and Betfair will give us a £10.00 free bet to be used on any football market. Translated into matched betting terms, this gives us a guaranteed profit of £6.90 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 it should be done.
Qualifying bets must be placed on the Outright winner market of the Omega Dubai Desert Classic before the tournament begins at 03:15 on Thursday 4th February 2016.
Having looked at the odds available, I’ve opted to place my qualifying bet on Rory McIlroy.
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 £9.08…
Place £10.00 on Rory McIlroy @ 3.25 = Potential profit of £22.50
Lay £9.08 on Rory McIlroy @ 3.60 = Potential liability of £23.60
Let’s have a look at our potential profit/loss for the possible outcomes…
| McIlroy wins | + £22.50 – £23.60 = £1.10 loss |
| McIlroy doesn’t win | – £10.00 + £8.90 = £1.10 loss |
So regardless of who wins the tournament, we will lose £1.10 in qualifying for our £10.00 free football bet.
Free Bet:
Our £10.00 free bet will be generated upon placement of our qualifying bet and must be used on a football market within 48 hours.
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 £1.10, this gives us a guaranteed profit of £6.90 on this Betfair 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.