The Masters 2020 Offer – Sky Bet

The Masters 2020 tees off on Thursday and Sky Bet are getting in on the action! Simply opt in and place a £5.00+ bet on the ‘Hotshots’ market and Sky Bet will give us a £1.00 free bet for every birdie or better our player makes during the first day of the tournament. Translated into matched betting terms, this gives us a potential profit of £3.13 and here’s how…

Key Terms:

  • We must opt in on the promotion page, to be eligible.
  • Minimum stake of £5.00.
  • Applies to bets placed on the Hotshots market.
  • Applies to bets placed between 12:00 on Friday 6th November 2020 and 14:00 on Thursday 12th November 2020.
  • We’ll receive a £1.00 free bet for every birdie or better our player makes during Day 1 of the tournament.

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 Dustin Johnson.

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 £4.17…

Sky Bet logo

Place £5.00 on Dustin Johnson @ 10.00 = Potential profit of £45.00

Betfair logo

Lay £4.17 on Dustin Johnson @ 12.00 = Potential liability of £45.87

Outcomes:

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

Outcome Bookie Exchange Profit/Loss
Dustin Johnson wins + £45.00 – £45.87 £0.87 loss
Dustin Johnson doesn’t win – £5.00 + £4.08 £0.92 loss

So, no matter who wins, we’ll lose a maximum of £0.92 in qualifying for our potential free bets.

Free Bets:

We’ll receive a £1.00 free bet for every birdie or better Dustin Johnson records during the first round of the tournament. Free bets will be credited by 19:00 after the conclusion of the first round and will not be subject to an expiry.

If Dustin Johnson records 5 birdies or better in the first round, we’ll receive £5.00 in free bets. Using straightforward matched betting, we should be able to convert our free bets into 80% cash, so £4.00. If we take into account our minimum qualifying loss of £0.87, this gives us a potential profit of £3.13 on this Sky Bet offer!

* Dustin Johnson recorded 6 birdies or better in the first round and went on to win the tournament, resulting in a profit of £3.93 on this Sky Bet offer. *

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £60,000 worth of profit, and made it my mission to make matched betting accessible to everyone.