There’s a big day of racing at Leicester today and you don’t want to miss this Betfred offer! Simply place a bet on the first 3 races from Leicester today, and Betfred will give us a free bet to our average stake up to £10.00 to use on the 6.00 at Leicester. Translated into matched betting terms, this gives us a guaranteed profit of £6.20 and here’s how…
Qualifying Bets:
If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy for a walk-through guide on how they should be done.
To qualify for the £10.00 free bet, we must place a £10.00 bet on the 2.15, 2.45 and 3.20 at Leicester today (Monday 23rd May 2016).
I like to place my exchange lay bets with Smarkets as they have great liquidity, the site is really easy to use and they only charge 2% commission in comparison to the 5% charged by other betting exchanges.
We can calculate our lay stakes using the matched betting calculator.
Aim to lose no more than £0.60 on each of our 3 qualifying bets
So we will lose approximately £1.80 in qualifying for our £10.00 free bet.
Free Bet:
Our free bet will be credited at 17:30 today (Monday 23rd May 2016) and will be removed by 09:00 on Tuesday 24th May 2016, should it not be used in its’ entirety.
By using straightforward matched betting, we should be able to extract 80% of our £10.00 free bet as cash, so around £8.00. If we take into consideration our qualifying loss of £1.80, this gives us a guaranteed profit of £6.20!
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £70,000 worth of profit, and made it my mission to make matched betting accessible to everyone.