Kick-off time (GMT): 30/09/2016 : 13:35
The Ryder Cup 2016 gets underway on Friday and Sky Bet are getting in on the action. Place a £10.00+ single bet or £5.00 each-way bet on the Top Overall Event Points market and Sky Bet will give us a £5.00 free bet every time our player wins a match. Translated into matched betting terms, this gives us a potential profit of £17.78 and here’s how…
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 between 10:00 on Saturday 24th September 2016 and 13:45 on Friday 30th September 2016, to be eligible. Qualifying bets must be placed before the respective player tees off. The action gets underway at 11:00 on Friday 30th September 2016.
It’s entirely up to you who you place your qualifying bet on but it makes sense to go for a player with fairly low odds. This gives us a good chance of bagging some free bets and keeps our qualifying loss to a minimum. The Ryder Cup 2016 is scheduled to finish on Sunday 2nd October 2016.
Having looked at the odds available, I’ve opted to place my qualifying bet on Rory McIlroy.
We’ll need to place our lay bet with Betfair. You can find the Ryder Cup 2016 market by entering ‘Ryder Cup’ in the search box at the top of the homepage or by using the following link trail…
Betfair > Golf > Ryder Cup 2016 > Top Overall Scorer
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 £8.19…
Place £10.00 on Rory McIlroy @ 7.00 = Potential profit of £60.00
Lay £8.19 on Rory McIlroy @ 8.60 = Potential liability of £62.22
Let’s have a look at our potential profit/loss for the two outcomes…
|Rory McIlroy top scores||+ £60.00 – £62.22 = £2.22 loss|
|Rory McIlroy doesn't top score||- £10.00 + £7.78 (£8.19 minus 5% commission) = £2.22 loss|
So, regardless of who is the top points scorer, we will lose £2.22 in qualifying for our potential free bets.
Every time our player wins a match in the Ryder Cup 2016, we will receive a £5.00 free bet within 24 hours. Free bets will be valid for 7 days and free bet stakes are not included in any returns.
Each player can play in a maximum of five matches, although with squad rotation, some players may only play three or four matches. If Rory McIlroy were to play and win five matches, we would receive £25.00 in free bets, from which we would extract 80% as cash, so £20.00.
If we take into account our qualifying loss of £2.22, this gives us a potential profit of £17.78 on this Sky Bet offer!
* Rory McIlroy won 3 of his 5 matches, meaning I made a profit of £9.78 on this Sky Bet offer. *