It’s the 2000 Guineas at Newmarket (15:35) this afternoon and you don’t want to miss this William Hill price boost! They’re enhancing Churchill to win from 5/4 to 2/1! Translated into matched betting terms, this gives us a guaranteed profit of £9.27 and here’s how…
Price Boost:
This price boost will be available to ALL customers from 08:30 today (Saturday 6th May 2017) and will be available for a limited time only!
Maximum stakes for this offer may vary for different accounts, but the following example is based on a maximum stake of £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 stakes using my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £60.48…
Place £50.00 on Churchill @ 3.00 = Potential profit of £100.00
Lay £60.48 on Churchill @ 2.50 = Potential liability of £90.72
Let’s have a look at our profit/loss for the two potential outcomes…
| Churchill wins | + £100.00 – £90.72 = £9.28 profit |
| Churchill doesn’t win | – £50.00 + £59.27 (£60.48 minus 2% commission) = £9.27 profit |
So, regardless of the outcome, we’ll make a guaranteed profit of £9.27 on this William Hill 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.