£17.81
Potential Profit
- -
Actual Profit

US PGA Championship 2019 Offer – BetMcLean


Posted by Matt (administrator) Matt
Start Time: 16/05/2019 11:45

The US PGA Championship 2019 tees off on Thursday and you don’t want to miss this BetMcLean Money Back Special! If our Outright Winner selection finishes 2nd or 3rd (including ties), BetMcLean will refund our stake as a free bet, up to a maximum of £25.00. Translated into matched betting terms, this gives us a potential profit of £17.81 and here’s how…

Key Terms:

  • Qualifying bets must be placed before the tournament gets underway at 11:45 on Thursday 16th May 2019.
  • Qualifying bets must be placed on the PGA Championship 2019 – Winner market.
  • If our selected player finishes 2nd or 3rd (including ties), BetMcLean will refund our stake as a free bet, up to £25.00.

Qualifying Bet:

If you’re unsure about how to place qualifying bets, check out my Qualifying Bet Strategy page for a walk-through guide on how they should be done.

It’s entirely up to you which player you go for, but it would make sense to select a player with fairly short odds in the hope of a 2nd or 3rd place finish.

Having looked at the odds available, we could place our qualifying bet on Dustin Johnson.

At the time of writing, laying our bet with Betfair 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 £24.02…

BetMcLean logo

Place £25.00 on Dustin Johnson @ 11.00 = Potential profit of £250.00

Betfair logo

Lay £24.02 on Dustin Johnson @ 11.50 = Potential liability of £252.21

Outcomes:

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

OutcomeBookieExchangeExtractedProfit/Loss
Dustin Johnson wins+£250.00-£252.21£2.21 loss
Dustin Johnson finishes 2nd or 3rd-£25.00+£22.81+£20.00£17.81 profit
Dustin Johnson finishes outside top 3-£25.00+£22.81£2.19 loss

So, we’ll make a nice profit of £17.81 if Dustin Johnson finishes 2nd or 3rd (including ties) and we stand to lose a maximum of £2.21 on any other outcome. Risking £2.21 to make a profit of £17.81 gives us effective odds of 9.06, which I’m sure you’ll agree, makes this a profitable offer in the long run.

If eligible, free bets will be credited within 24 hours of the tournament ending and will be valid for 7 days. Free bet stakes are not included in any returns.

If you’re unsure how to extract £20.00 cash (80%) from the £25.00 free bet, check out my Free Bet Strategy page for a walk-through guide on how it should be done.

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