Unibet Offer – The Open Championship

The Open Championship gets underway on Thursday at St Andrews, which means it’s time for a Unibet free bet offer!  Simply opt-In for the offer and place a £20.00 outright bet on the winner of The Open Championship (excluding to place 1-5 bets).  Unibet will then give us a £10.00 In-Play money back offer to use on the opening day of the tournament (Thursday 16th July 2015).  Translated into matched betting terms, this gives us a guaranteed minimum profit of £5.63 and here’s how…

Qualifying Bet:

We must opt-in to this offer prior to placing our qualifying bet.  We need to bet £20.00 on the outright winner market.  Having looked at the odds available, I’ve opted to place my qualifying bet on Jordan Spieth to win.

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 stakes using the matched betting calculator.

unibet

Place £20.00 on Jordan Spieth @ 7.50 = Potential profit of £130.00

smarkets white

Lay £17.48 on Jordan Spieth @ 8.60 = Potential liability of £132.87

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

Jordan Spieth wins +£130.00 – £132.87 = £2.87 loss
Jordan Spieth doesn’t win -£20.00 + £17.13 = £2.87 loss

So regardless of who goes on to win the tournament, we will lose £2.87 in order to qualify for our £10.00 in-play money-back offer.

 

Risk-Free Bet:

We can then place a £10.00 risk-free bet on Day One of The Open Championship (Thursday 16th July 2015).  Have a look at my William Hill Cheltenham blog post to get an idea of how you should place a risk-free bet.

unibet

Aim to lose no more than £1.00 on this risk-free bet

Once we have our £10.00 bonus, this needs to be rolled over once at minimum odds of 1.40 prior to withdrawal.  By using straightforward matched betting, we should be able to limit our rollover losses to around £0.50, leaving us with an overall guaranteed minimum profit of £5.63!

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £70,000 worth of profit, and made it my mission to make matched betting accessible to everyone.