The US Open 2017 tees off this afternoon and you don’t want to miss this Titanbet offer! Simply place a £5.00+ bet on the US Open 2017 Outright Winner market and if our selection finishes 2nd or 3rd, Titanbet will refund our stake as a free bet, up to £25.00. Translated into matched betting terms, this gives us a potential profit of £19.01 and here’s how…
Qualifying Bet:
If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walk-through guide on how they should be done.
Qualifying bets must be placed before the tournament gets underway at 12:45 on Thursday 15th June 2017, to be eligible.
Having looked at the odds available, I’ve opted to place my qualifying bet on the favourite, Dustin Johnson.
I like to place my exchange lay bets with Smarkets as they have great liquidity, the site is really easy to use and they only charge 2% commission in comparison to the 5% charged by other betting exchanges.
We can calculate our lay stake using my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £24.51…
Place £25.00 on Dustin Johnson @ 9.00 = Potential profit of £200.00
Lay £24.51 on Dustin Johnson @ 9.20 = Potential liability of £200.98
Let’s have a look at our potential profit/loss for the possible outcomes…
| Dustin Johnson wins | + £200.00 – £200.98 = £0.98 loss |
| Dustin Johnson finishes 2nd or 3rd | – £25.00 + £24.01 + £20.00 (extract 80% from our £25.00 free bet) = £19.01 profit |
| Dustin Johnson finishes outside top 3 | – £25.00 + £24.01 = £0.99 loss |
So, if Dustin Johnson finishes 2nd or 3rd, we’ll have made a profit of £19.01. Any other outcome and we’ll have made a maximum loss of £0.99. Risking £0.99 to make a profit of £19.01, gives us effective odds of 20.20, which I’m sure you’ll agree, makes this a profitable offer in the long run.
If our selection finishes 2nd or 3rd, free bet refunds will be credited within 24 hours and must be used on any golf market within 7 days.
If you’re unsure how to extract 80% cash from a £25.00 free bet, please see my Free Bet Strategy page for a walk-through guide on how it should be done.
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Matt Kirman – Matched 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.