£6.41
Potential Profit
£-1.59
Actual Profit

The Open Championship 2019 Offer – William Hill


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 William Hill offer! Simply bet £10.00 on the Tournament Winner market and William Hill will give us a £10.00 free bet every time our player makes an Eagle. Translated into matched betting terms, this gives us a potential profit of £6.41 and here’s how…

Banner showing the Open Championship 2019 offer from William Hill

Key Terms:

  • Qualifying bets must be placed between 00:01 on Friday 12th July 2019 and 06:35 (tee-off) on Thursday 18th July 2019.
  • We must place a £10.00 Win or £5.00 Each Way bet on the Tournament Winner market for The Open 2019.
  • We’ll receive a £10.00 free bet every time our selected player makes an Eagle.

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…

William Hill 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…

OutcomeBookieExchangeProfit/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 £10.00 free bet every time our player makes an Eagle. For those of you that aren’t familiar with scoring in golf, an Eagle is made when a player completes a hole in two shots less than par.

Eagles are a rarity in golf, so we shouldn’t expect any player to make more than one throughout the Championship. If Rory McIlroy makes an Eagle, we’ll receive a £10.00 free bet.

Free bets will be credited by 12:00 the following day and will be valid for 4 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 free bet, 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 William Hill offer!

* Rory McIlroy failed to make an Eagle and failed win the tournament, resulting in a loss of £1.59 on this William Hill offer. *

Comments


  1. Parade99

    7

    Apologies if I’m posting in the wrong place, the comments seem to be disabled on the extra place Open Championship post.

    Is it possible to post an example of an extra place pick for this tournament, just to help ensure I understand it correctly?

    +0
    Reply
    1. Parade99

      7

      For example, if I went for:

      £10 on McIlroy @10 with Bet365 (8 places)
      Lay the Win 10.5
      Lay the Place (Top 5) 3.7

      First place £ -3.17
      Standard place £ -3.20
      Extra place £ 24.79
      Doesn’t place £ -3.21

      Would that be considered a reasonable return?

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      Reply
      1. L123

        Guest user

        I wouldn’t think of that as a good return, he’s the favourite at the moment so likely to land in first or one of the standard places, and risking £3 to get £24 in those circumstances wouldn’t seem like a good deal. Personally, if I was doing this I’d be picking someone a bit more likely to end up outside the standard places.

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        Reply
        1. Wingman

          Guest user

          I think Rory would be elated with 8th right about now!

          +0
      2. Matt

        223

        Risking £3.21 to make a profit of £24.79 gives you effective odds of 8.72 on McIlroy finishing exactly 6th, 7th or 8th.

        It’s down to the individual really and whether you think those odds are higher than the actual odds of him finishing in those specific places.

        Personally, I’d want the odds to be a fair bit higher.

        +0
        Reply
  2. paul

    Guest user

    Matt, How did you make a £6.41 profit on this offer? Mcilroy didn’t make an eagle from what I can tell.

    +0
    Reply
    1. Matt

      223

      Thanks for flagging that up Paul, I clearly need more sleep. Post updated!

      +0
      Reply

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