It’s the Ryanair Chase at Cheltenham next Thursday and you don’t want to miss this BetMcLean price boost! They’ve enhanced Un De Sceaux to win the Ryanair Chase at Cheltenham (14:50) to a tasty 5/1. Translated into matched betting terms, this gives us a guaranteed potential profit of £17.12 and here’s how…
* Price boost was available for a limited time only and has now been pulled. *
Price Boost bet:
The maximum stake for this price boost is £50.00.
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 stake using my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £68.49…
Place £50.00 on Un De Sceaux @ 6.00 = Potential profit of £250.00
Lay £68.49 on Un De Sceaux @ 4.40 = Potential liability of £232.88
Let’s have a look at our profit/loss for the two potential outcomes…
Un De Sceaux wins | + £250.00 – £232.88 = £17.12 profit |
Un De Sceaux doesn’t win | – £50.00 + £67.12 (£68.49 minus 2% commission) = £17.12 profit |
So, regardless of the outcome, we’ll make a guaranteed profit of £17.12 on this BetMcLean price boost!
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.