Unibet £5.00 Horse Racing Risk-Free Mobile Bet

A nice little gift from Unibet this one.  With a fantastic weekend of racing lined-up, they want us to enjoy the action with them.  Simply log-in to your Unibet account tomorrow on your Mobile or tablet device and they will give us a £5.00 risk-free bet on any horse race! If our first bet loses after accepting the offer, this will be returned back to our account as a bonus.  Translated into matched betting terms, this gives us a potential profit of approximately £3.50.  And here’s how…

We need to select a horse with fairly long odds, as we can only make a profit on this offer if our risk-free bet loses and we are credited with a free bet.  With this in mind and having looked at the odds on offer, I’ve decided to back Lexis Boy in the 16:10 at Cheltenham today.

Place £5.00 on Lexis Boy @ Unibet @ 10.00 = Potential profit of £45.00

Lay £4.78 on Lexis Boy @ Betfair @10.50 – Potential liability of £45.41

Let’s have a look at our potential profit/loss for the following outcome…

 

Lexis Boy wins +£45.00 – £45.41 = £0.41 loss
Lexis Boy doesn’t win -£5.00 + £4.54 (£4.78 minus 5% commission) = £0.46 loss

 

If Lexis Boy doesn’t win, we should be able to extract 80% of our £5.00 free bet.  So if Lexis Boy wins, we will have lost £0.41 on this offer.  If Lexis Boy doesn’t win, we should make a profit of approximately £3.54.

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched 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.