£7.12
Potential Profit
- -
Actual Profit

US PGA Championship 2019 Offer – NetBet


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

The US PGA Championship 2019 gets underway on Thursday and you don’t want to miss this NetBet offer! Simply bet £10.00 on the Outright Winner market and NetBet will give us a £2.00 free bet for every shot they finish under par in Round 1. Translated into matched betting terms, this gives us a potential profit of £7.12 and here’s how…

Key Terms:

  • We must opt-in to the promotion on the promotion page.
  • We must bet £10.00 on the USPGA Championship 2019 – Winner market (pre-tournament bets only).
  • We’ll receive a £2.00 free bet for every shot our selection finishes under par in Round 1.
  • So, for example, if they are -5 for day one, we will receive 5 x £2.00 free bets.

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 Brooks Koepka.

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 £9.24…

NetBet logo

Place £10.00 on Brooks Koepka @ 12.00 = Potential profit of £110.00

Smarkets logo

Lay £9.24 on Brooks Koepka @ 13.00 = Potential liability of £110.88

Outcomes:

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

OutcomeBookieExchangeProfit/Loss
Brooks Koepka wins+£110.00-£110.88£0.88 loss
Brooks Koepka doesn't win-£10.00+£9.05£0.95 loss

So, regardless of the outcome, we’ll lose a maximum of £0.95 in qualifying for our potential free bets.

Free Bets:

We’ll receive a £2.00 free bet for every shot our selection finishes under par in Round 1. So, if Brooks Koepka finishes on -5, we’ll receive £10.00 in free bets.

Free bets will be credited within 24 hours and will be valid on golf markets for 3 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 in free bets, so £8.00. If we take into account our minimum qualifying loss of £0.88, this gives us a potential profit of £7.12 on this NetBet offer!

Comments


  1. Wingman

    Guest user

    Good result on Koepka being 7 under on this one, but having to spend them as individual £2 bets means betting on the two balls and laying on Betfair which means I’m only getting around 45% extraction…. any other methods I’m missing?

    +0
    Reply
  2. Nick

    Guest user

    I haven’t received mine yet. When did you receive yours? I keep querying it and getting fobbed off by customer support.

    +0
    Reply
  3. Wingman

    Guest user

    Hi Nick – only checked last night but it was definitely there then.

    On my other query, I realised one answer is that you can bet on the same outcome (eg outright winner) more than once. Odds not epic, but OK

    Hope you get it sorted

    +0
    Reply

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