The Open Championship 2017 gets underway on Thursday and Dabblebet are getting in on the action! Bet £20.00 on the British Open Outright Winner market and Dabblebet will give us a £1.00 free bet for every hole our player scores under par on in a single round. Translated into matched betting terms, this gives us a potential profit of £11.34 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 they should be done.
The first group of players will tee off at 06:35 on Thursday 20th July 2017.
It’s entirely up to you who you place your qualifying bet on. Having looked at the odds available, I’ve opted to place my qualifying bet on Sergio Garcia.
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.
You can find The Open Championship market via the following link trail…
Smarkets > Golf > PGA Tour > The Open Championship 2017
We can work out our lay stake by entering our odds into my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £18.11…
Place £20.00 on Sergio Garcia @ 19.00 = Potential profit of £360.00
Lay £18.11 on Sergio Garcia @ 21.00 = Potential liability of £362.20
Let’s have a look at our potential profit/loss for the two outcomes…
| Garcia wins | + £360.00 – £362.20 = £2.20 loss |
| Garcia doesn’t win | – £20.00 + £17.74 (£18.11 minus 2% commission) = £2.26 loss |
So, regardless of who wins the tournament, we’ll lose a maximum of £2.26 in qualifying for our potential free bets.
Free Bets:
For every hole that Sergio Garcia scores under par on in a single round, we’ll receive a £1.00 free bet by 16:00 the following day. Free bets will be valid for 7 days.
If Sergio Garcia is able to match his haul of scoring under par on 17 holes at last year’s Open, we’ll receive £17.00 in free bets.
Using straightforward matched betting, we should be able to extract 80% of our free bets as cash, so £13.60. If we take into account our maximum qualifying loss of £2.26, this gives us a potential profit of £11.34 on this Dabblebet offer!
* Sergio Garcia did not win the tournament, but scored under par on 11 holes, meaning I made a profit of £6.54 on this Dabblebet offer. *
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.