£10.89
Potential Profit
£2.89
Actual Profit

WGC-HSBC Champions 2019 Offer – Betfred


Posted by Matt (administrator) Matt
Start Time: 31/10/2019 00:45

The WGC-HSBC Champions 2019 tees off on Thursday morning and Betfred are getting in on the action! Simply bet £10.00+ on the Outright market and Betfred will give us a £5.00 free bet for every Eagle our selected player records during the tournament. Translated into matched betting terms, this gives us a potential profit of £10.89 and here’s how…

Key Terms:

  • The minimum stake to qualify is £10.00.
  • Qualifying bet must be placed at odds of 1.50 (1/2) or greater.
  • Qualifying bet must be placed before 00:45 (first tee) on Thursday 31st October 2019.
  • We’ll receive a £5.00 free bet for every Eagle our selected player records during the tournament.

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.

It’s entirely up to you what you place your qualifying bet on. Having looked at the odds available, we could place our qualifying bet on Rory McIlroy.

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

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 £9.05…

Betfred logo

Place £10.00 on Rory McIlroy @ 6.50 = Potential profit of £55.00

Smarkets logo

Lay £9.05 on Rory McIlroy @ 7.20 = Potential liability of £56.11

Outcomes:

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

Outcome Bookie Exchange Profit/Loss
Rory McIlroy wins +£55.00 -£56.11 £1.11 loss
Rory McIlroy doesn't win -£10.00 +£8.86 £1.14 loss

So, regardless of the outcome, we’ll lose a maximum of £1.14 in qualifying for our potential free bets.

Free Bets:

We’ll receive a £5.00 free bet for every Eagle Rory McIlroy records during the tournament. Free bets will be credited within 24 hours and will be valid until 09:00 on Monday 4th November 2019.

By using straightforward matched betting, we should be able to extract 80% cash from any free bet.

If McIlroy records three Eagles, we’ll receive £15.00 in free bets, from which we can extract £12.00 cash. If we take into account our minimum qualifying loss of £1.11, this gives us a potential profit of £10.89 on this Betfred offer!

* Rory McIlroy recorded one Eagle on his way to winning the tournament, resulting in a profit of £2.89 on this Betfred offer. *

Comments


  1. Mark

    Guest user

    Did McIlroy only get 1 eagle in the end?

    +0
    Reply
    1. Matt

      328

      Yes Mark, just the one Eagle, in Round 2 on the 18th.

      +0
      Reply

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