The Masters 2021 Offer – Betfred

The Masters 2021 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 £3.12 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 Wednesday 7th April 2021 and the first tee (around 13:00) on Thursday 8th April 2021.
  • £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. At the time of writing, Bryson DeChambeau is available at back odds of 12.00 (11/1) and lay odds of 13.00.

Either exchange works for this offer

Betfair and Smarkets are both great options for this offer. If you’ve not used one of them, now is a great time to give them a try.

  • Money back as cash up to £20
  • 0% commission for 60 days

We can calculate our lay stakes using my Matched Betting Calculator

Back Bet (Bookie)


Lay Bet (Betting Exchange)


Min £
Max £
Lay stake required: £
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 £9.24…

Betfred logo

Place £10.00 on Bryson DeChambeau @ 12.00 = Potential profit of £110.00

Betfair logo

Lay £9.24 on Bryson DeChambeau @ 13.00 = Potential liability of £110.88


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

DeChambeau wins+ £110.00– £110.88£0.88 loss
DeChambeau doesn’t win– £10.00+ £9.05£0.95 loss

So, no matter who wins, we’ll lose a maximum of £0.95 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 an Eagle or better and will be valid until 09:00 on Tuesday 13th April 2021.

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 £0.88, this gives us a potential profit of £3.12 on this Betfred offer!

* Bryson DeChambeau recorded at Eagle in Round 4 and finished the tournament in a tie for 46th place, resulting in a profit of £3.05 on this Betfred offer. *

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched 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.