I’m sure many of you will have seen the double odds promotion Betbright are running on the Supreme Novices’ Hurdle at Cheltenham tomorrow. If you’re planning on backing a horse anyway, then it’s a great offer, but matched betting is all about the guaranteed profit and that’s why I wont be promoting it. I like to look after you guys and that’s why I’d like to turn your attention to their welcome offer of a £30.00 risk-free bet, which offers far more value for the matched bettor. Instead of making a few quid, we can make ourselves a profit of £18.73! And here’s how…
The terms of the offer state that if we sign up and place a £30.00 bet and it loses, we will get our stake back as a free bet. We therefore need to place our qualifying bet on something that is likely to lose. With this in mind I would recommend backing Hadrians Approach in the 14:40 at Cheltenham on Tuesday.
Place £30.00 on Hadrians Approach @ 11.00 = Potential profit of £300.00
Lay £27.62 on Hadrians Approach @ 12.00 = Potential liability of £303.82
Now let’s have a look at our situation for the two outcomes…
|
Hadrians Approach wins |
+£300.00 – £303.82 = £3.82 loss |
|
Hadrians Approach doesn’t win |
-£30.00 + £26.23 + £22.50 (75% of £30.00 free bet) = £18.73 profit |
So as long as Hadrians Approach doesn’t win, we will make a profit of £18.73! This is based on us extracting 75% of our £30.00 free bet.
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £100,000 worth of profit, and made it my mission to make matched betting accessible to everyone.