A great free bet offer from Betfred. Place a £10.00 bet on this year’s WGC Cadillac Championship Outright market and they’ll give you a £10.00 Free Bet to have In Play! Translated into matched betting terms, this gives us a minimum guaranteed profit of £6.43. And here’s how…
Step 1:
Having looked at the odds available, I’ve decided to place my WGC Cadillac Championship bet on Tiger Woods to win.
Place £10.00 on Tiger Woods @ 15.00 = Potential profit of £140.00
Lay £9.40 on Tiger Woods @ 16.00 = Potential liability of £141.00.
Step 2:
Let’s have a look at our current potential profit/loss for the two outcomes…
|
Tiger Woods wins |
+£140.00 – £141.00 = £1.00 loss |
|
Tiger Woods doesn’t win |
-£10.00 + £8.93 (£9.40 minus 5% commission) = £1.07 loss |
So regardless of the outcome, we will lose a maximum of £1.07 in order to claim our £10.00 in-play free bet.
Step 3:
Our account will be credited with the free bet by the first tee-off of the 2nd round on Friday 7th March 2014. By using straightforward matched betting, we should be able to extract at least 75% of this free bet, so approximately £7.50. If we take into consideration our initial maximum loss of £1.07, we should make a minimum guaranteed PROFIT OF £6.43 on this offer.
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £70,000 worth of profit, and made it my mission to make matched betting accessible to everyone.