The Masters 2020 Offer – Betfred

£3.64
Potential Profit
£3.60
Actual Profit

The Masters 2020 tees off on Thursday and Betfred are getting in on the action! Simply bet £10.00+ on the outright winner and Betfred will give us a £5.00 free bet for every round in which our player records an Eagle. Translated into matched betting terms, this gives us a potential profit of £3.64 and here’s how…

Key Terms:

  • Minimum stake of £10.00.
  • Applies to bets placed on the Outright – The Masters market.
  • Applies to bets placed between 17:00 on Tuesday 10th November 2020 and 12:00 (first tee) on Thursday 12th November 2020.
  • We’ll receive a £5.00 free bet for every round in which our player records an Eagle or better.

Qualifying Bet:

If you’d like more information about qualifying bets and how they work, please see my Qualifying Bets Guide.

It’s entirely up to you which player you place your qualifying bet on. Having looked at the odds available, we could place our qualifying bet on Bryson Dechambeau.

At the time of writing, laying our bet at Betfair gives us the smallest qualifying loss.

Betfair are currently offering new customers 0% commission up to £500 for the first 30 days.

Banner showing the zero commission sign up offer from Betfair.

Banner showing the zero commission sign up offer from Betfair

If you’re an existing Betfair customer, you can opt in to pay just 2% commission by selecting their Basic reward plan.

For more information about My Betfair Rewards and how to opt in, please see my Betfair 2% Commission page.

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 £9.80…

Betfred logo

Place £10.00 on Bryson Dechambeau @ 9.00 = Potential profit of £80.00

Betfair logo

Lay £9.80 on Bryson Dechambeau @ 9.20 = Potential liability of £80.36

Outcomes:

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

Outcome Bookie Exchange Profit/Loss
Bryson Dechambeau wins + £80.00 – £80.36 £0.36 loss
Bryson Dechambeau doesn’t win – £10.00 + £9.60 £0.40 loss

So, regardless of the outcome, we’ll lose a maximum of £0.40 in qualifying for our potential free bets.

Free Bets:

We’ll receive a £5.00 free bet for every round in which Bryson Dechambeau records an Eagle or better. An Eagle is registered when a player scores 2-under par on any hole, including hole-in-ones and albatrosses.

Free bets will be credited within 24 hours of our player recording a round with an Eagle or better and will be valid until 09:00 on Tuesday 17th November 2020.

If Bryson Dechambeau completes a round with an Eagle, we’ll receive a £5.00 free bet. Using straightforward matched betting, we should be able to convert our free bet into 80% cash, so £4.00. If we take into account our minimum qualifying loss of £0.36, this gives us a potential profit of £3.64 on this Betfred offer!

* Bryson Dechambeau recorded an Eagle in the fourth round and finished the tournament tied 34th, resulting in a profit of £3.60 on this Betfred offer. *

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £50,000 worth of profit, and made it my mission to make matched betting accessible to everyone.