There’s a big day of racing at Goodwood today and Paddy Power are getting in the action! They’ve enhanced Blue Point to win the 14:35 at Goodwood from 10/11 to a tasty 11/8! Translated into matched betting terms, this gives us a guaranteed profit of £3.63 and here’s how…
The maximum stake for this price boost is £20.00.
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 £24.11…
Place £20.00 on Blue Point @ 2.375 = Potential profit of £27.50
Lay £24.11 on Blue Point @ 1.99 = Potential liability of £23.87
Let’s have a look at our profit/loss for the two potential outcomes…
| Blue Point wins | + £27.50 – £23.87 = £3.63 profit |
| Blue Point doesn’t win | – £20.00 + £23.63 (£24.11 minus 2% commission) = £3.63 profit |
So, regardless of the outcome of the race, we’ll make a guaranteed profit of £3.63 on this Paddy Power offer.
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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.