Another weekend of horse racing, means another BoyleSports risk-free offer. Simply place a £20.00 bet on the 12.40 at Ascot racecourse today and if it loses, BoyleSports will give us a £10.00 free bet to be used on the 1.50 at Ascot. Translated into matched betting terms, this gives us a guaranteed profit of £4.26 and here’s how…
Qualifying Bet:
This offer is only available on mobiles.
We need to find a selection that has tight back and lay odds. If we underlay our bet instead of matching it completely, we can guarantee ourselves a profit on any outcome. Having looked at the odds available, I’ve opted to place my qualifying bet on Pyrshan.
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 £16.60…
Place £20.00 on Pyrshan @ 12.00 = Potential profit of £220.00
Lay £16.60 on Pyrshan @ 14.00 = Potential liability of £215.74
Let’s have a look at our potential profit/loss for the possible outcomes…
Pyrshan wins | +£220.00 – £215.74 = £4.26 profit |
Pyrshan doesn’t win | -£20.00 + £16.26 + £8.00 (extract 80% from our £10.00 free bet) = £4.26 profit |
So regardless of the result of the race, we will make a guaranteed profit of £4.26.
If our qualifying bet loses, our free bet will be credited 20 minutes prior to the 1.50 at Ascot and must be used on that race.
If you’re unsure how to extract 80% of our £10.00 free bet, check out my Free Bet Strategy page for a walk-through guide on how it should be done.
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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.