Another weekend of horse racing, means another BoyleSports risk-free offer. Simply place a £20.00 bet on the 4.05 at Leopardstown race course today and if it loses, BoyleSports will give us a £10.00 free bet to be used on the very next race (4.40). Translated into matched betting terms, this gives us a guaranteed profit of £4.22 and here’s how…
Qualifying Bet:
If you’re unsure about how to place qualifying bets, check out my Qualifying Bet Strategy page for a walk-through guide on how they should be done.
For this particular offer, we need to select a horse that has a decent chance of losing so that we receive the free bet refund. It therefore makes sense to place our qualifying bet on a horse with long odds. We can guarantee ourselves a profit on any outcome by underlaying our selection.
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.
BoyleSports:
Place £20.00 on Johannes Vermeer @ 7.50 = Potential profit of £130.00
Lay £16.55 on Johannes Vermeer @ 8.60 = Potential liability of £125.78
Let’s have a look at our potential profit/loss for the possible outcomes…
| Johannes Vermeer wins | +£130.00 – £125.78 = £4.22 profit |
| Johannes Vermeer doesn’t win | -£20.00 + £16.22 + £8.00 (extract 80% from our £10.00 free bet) = £4.22 profit |
So regardless of the result of the race, we will make a guaranteed profit of £4.22.
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 £100,000 worth of profit, and made it my mission to make matched betting accessible to everyone.