Betfred Offer – The Open Championship 2015 – 2nd Round

It’s the 2nd Round of The Open Championship 2015 and you won’t want to miss this offering from Betfred.  Simply place 3 or more in play bets on The Open Championship today (at minimum odds of 1.50) and Betfred will give us a free bet tomorrow to our average stake up to a maximum of £25.00.  Translated into matched betting terms, this gives us a guaranteed profit of £8.00 and here’s how…

Qualifying Bet:

If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy for a walkthrough guide on how to place your qualifying bets.

To qualify for the £25.00 free bet, we must place 3 in play bets on The Open Championship at minimum odds of 1.50 (1/2).  It’s entirely up to you what you place your qualifying bets on.

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 the matched betting calculator.

So we will lose approximately £12.00 on our qualifying bets in order to claim our £25.00 free bet.

Free Bet:

By using straightforward matched betting, we should be able to extract 80% of our £25.00 free bet as cash, so around £20.00.  If we take into consideration our qualifying loss of £12.00, this gives us a guaranteed profit of £8.00!

If you’re not sure how to extract 80% of the £25.00 free bet, please see my Free Bet Strategy page for a walkthrough guide on how it should be done.

* I originally blogged this with a guaranteed profit figure of £14.00 but due to the lack of in play markets and liquidity at the exchanges, this has been adjusted accordingly. *