BetStars Offer – The Open Championship 2017

The Open Championship 2017 gets underway on Thursday and BetStars are getting in on the action! Simply bet £20.00 on any 3-ball or 2-ball match at The Open Championship 2017 and BetStars will give us a £20.00 free bet for every eagle our selection makes in that round! Translated into matched betting terms, this gives us a potential profit of £60.00+ and here’s how…

Qualifying Bets:

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.

Qualifying bets must be placed pre-match, to be eligible.

The tournament gets underway at 06:35 on Thursday 20th June 2017). The 3-balls are played on Thursday and Friday and the 2-balls are played on Saturday and Sunday.

This offer applies to all of our 3-ball and 2-ball selections.

It’s entirely up to you who you place your qualifying bets on, as long as you place them on The Open Championship ‘3 Balls’ market. At the time of writing, the lay odds aren’t quite tight enough, so I’ll use fictional odds for Jordan Spieth and I’ll update the table at the bottom of the post with my actual selections after each round.

We’ll need to lay our bets on the Betfair Exchange for this offer. Just head to Golf > Open Championship 2017 > 1st Round 3 Balls.

We can calculate our lay stakes using my matched betting calculator…

Back Bet (Bookie)

%

Lay Bet (Betting Exchange)

%

Min £
Max £
Lay stake required: £
Bookie
Exchange
Cashback
Total
If back (bookie) bet wins
£
£
£
= £
If lay (exchange) bet wins
£
£
£
= £
Total profit: £

Optimal Underlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

Optimal Overlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

As you can see, the calculator tells us that our lay stake should be £19.72…

BetStars logo

Place £20.00 on Jordan Spieth @ 2.10 = Potential profit of £22.00

Betfair logo

Lay £19.72 on Jordan Spieth @ 2.18 = Potential liability of £23.26

Let’s have a look at our potential profit/loss for the possible outcomes…

Spieth wins + £22.00 – £23.26 = £1.26 loss
Spieth doesn’t win – £20.00 + £18.73 (£19.72 minus 5% commission) = £1.27 loss

So, regardless of the outcome, we’ll lose a maximum of £1.27 in qualifying for our potential free bets.

Free Bets:

For every eagle that Jordan Spieth makes in the 1st Round, we’ll receive a £20.00 free bet by 12:00 the following day.

By using straightforward matched betting, we should be able to extract 80% of any free bets as cash.

Therefore, if Jordan Spieth is able to make an eagle, we’ll receive a £20.00 free bet, from which we can extract £16.00 cash. If we take into account our maximum qualifying loss of £1.27, this gives us a potential profit of £14.73!

This offer is available on all 4 rounds. I’ll update the following table with my selections throughout the tournament…

Round Selection Back Odds Lay Odds Qualifying Loss Potential Profit
1 Schwartzel 4.00 3.95 £0.50 £15.50
2 Garcia 2.50 2.50 £0.62 £15.38
3 Scott 1.75 1.80 £1.00 £15.00
4 Johnston 2.625 2.62 £0.60 £15.41

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched 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.