£6.41
Potential Profit
£-1.59
Actual Profit

The Open Championship 2019 Offer – NetBet


Posted by Matt (administrator) Matt
Start Time: 18/07/2019 06:35

The Open Championship 2019 gets underway on Thursday and you don’t want to miss this NetBet offer! Simply bet £10.00 on the Outright Winner market and NetBet will give us a £2.00 free bet for every shot they finish under par in Round 1. Translated into matched betting terms, this gives us a potential profit of £6.41 and here’s how…

Key Terms:

  • We must opt-in to the promotion on the promotion page.
  • We must bet £10.00 on the Open Championship 2019 – Winner market (pre-tournament bets only).
  • We’ll receive a £2.00 free bet for every shot our selection finishes under par in Round 1.
  • So, for example, if they are -5 for day one, we will receive 5 x £2.00 free bets.

Qualifying Bet:

If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walk-through guide on how it should be done.

It’s entirely up to you who you place your qualifying bet on. Having looked at the odds available, we could place our qualifying bet on Rory McIlroy.

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

We can calculate our lay stake 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 £8.59…

NetBet logo

Place £10.00 on Rory McIlroy @ 9.00 = Potential profit of £80.00

Smarkets logo

Lay £8.59 on Rory McIlroy @ 10.50 = Potential liability of £81.60

Outcomes:

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

Outcome Bookie Exchange Profit/Loss
Rory McIlroy wins +£80.00 -£81.60 £1.60 loss
Rory McIlroy doesn't win -£10.00 +£8.41 £1.59 loss

So, regardless of the outcome, we’ll lose a maximum of £1.60 in qualifying for our potential free bets.

Free Bets:

We’ll receive a £2.00 free bet for every shot our selection finishes under par in Round 1. So, if Rory McIlroy finishes on -5, we’ll receive £10.00 in free bets.

Free bets will be credited within 24 hours and will be valid on golf markets for 3 days. Free bet stakes will not be included in any returns.

By using straightforward matched betting, we should be able to extract 80% cash from our £10.00 in free bets, so £8.00. If we take into account our minimum qualifying loss of £1.59, this gives us a potential profit of £6.41 on this NetBet offer!

* Rory McIlroy finished Round 1 eight over par (+8) and failed to make the cut, resulting in a loss of £1.59 on this NetBet offer. *

Comments


  1. Nick

    Guest user

    Says in the terms Republic of Ireland only?

    +0
    Reply
  2. Nick

    Guest user

    Just had a chat with online chat and available to uk players too…

    +0
    Reply
    1. Matt

      328

      I didn’t spot any reference to Republic of Ireland myself, but thanks for confirming Nick.

      +0
      Reply
  3. SpongeBob

    Guest user

    If you’ve got Rory it’s a good job this offer doesn’t work reciprocally as you’ll be paying NETBET £2 for every shot over par….so far!

    +0
    Reply
  4. Fordy

    44

    Looks like it will be the first loss on this offer, cheers Rory! 🙁

    +0
    Reply
    1. Matt

      328

      A disastrous start for Rory…

      +0
      Reply

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