£3.41
Potential Profit
£-0.62
Actual Profit

US Open 2020 Offer – Betfred


Posted by Matt (administrator) Matt
Start Time: 17/09/2020 11:50

The US Open 2020 tees off on Thursday morning 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 Eagle our player records. Translated into matched betting terms, this gives us a potential profit of £3.41 and here’s how…

Key Terms:

  • Minimum stake of £10.00.
  • Applies to bets placed on the Outright – US Open market.
  • Applies to bets placed between 17:00 on Tuesday 15th September 2020 and 11:50 (first tee) on Thursday 17th September 2020.
  • We’ll receive a £5.00 free bet for every Eagle our player records.

Qualifying Bet:

If you’d like more information about qualifying bets and how they work, please see my Qualifying Bets Guide.

It’s worth mentioning that this year’s US Open is being played at Winged Foot, which is one of the toughest courses in golf. The last time the US Open was played at Winged Foot, back in 2006, there were only three Eagles recorded among the top 10 players.

Therefore, this offer is only worth doing if you can find a small qualifying loss.

It’s entirely up to you which player you place your qualifying bet on. Having looked at the odds available, we could place our qualifying bet on Jon Rahm.

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

Betfair are currently offering new customers 0% commission up to £500 for the first 30 days.

Banner showing the zero commission sign up offer from Betfair

Banner showing the zero commission sign up offer from Betfair

If you’re an existing Betfair customer, you can opt in to pay just 2% commission by selecting their Basic reward plan.

For more information about My Betfair Rewards and how to opt in, please see my Betfair 2% Commission page.

We can calculate our lay stakes 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 £9.58…

Betfred logo

Place £10.00 on Jon Rahm @ 11.00 = Potential profit of £100.00

Betfair logo

Lay £9.58 on Jon Rahm @ 11.50 = Potential liability of £100.59

Outcomes:

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

Outcome Bookie Exchange Profit/Loss
Jon Rahm wins +£100.00 -£100.59 £0.59 loss
Jon Rahm doesn't win -£10.00 +£9.38 £0.62 loss

So, regardless of the outcome, we’ll lose a maximum of £0.62 in qualifying for our potential free bets.

Free Bets:

We’ll receive a £5.00 free bet for every Eagle Jon Rahm records. Free bets will be credited within 24 hours of an Eagle being recorded and will be valid until 09:00 on Tuesday 22nd September 2020.

If Jon Rahm records an Eagle, we’ll receive a £5.00 free bet. Using straightforward matched betting, we should be able to convert our £5.00 free bet into 80% cash, so £4.00. If we take into account our minimum qualifying loss of £0.59, this gives us a potential profit of £3.41 on this Betfred offer!

* Jon Rahm recorded no Eagles and failed to win the tournament, resulting in a loss of £0.62 on this Betfred offer. *

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