The 2021 Formula 1 season gets underway on Sunday with the Bahrain Grand Prix and you don’t want to miss this Novibet free bet offer! Simply place a £20.00+ single bet on the Bahrain Grand Prix winner and Novibet will give us a £10.00 free bet. Translated into matched betting terms, this gives us a guaranteed profit of £4.97 and here’s how…
Key terms
- Applies to single bets on the Bahrain Grand Prix Race Winner market.
- Minimum stake of £20.00.
- Minimum odds of 2.00 (evens).
Qualifying bet
If you’d like more information about qualifying bets and how they work, please see my qualifying bets guide.
It’s entirely up to you which driver you place your qualifying bet on.
At the time of writing, Max Verstappen is available at back odds of 2.20 (6/5) and lay odds of 2.56.
Either exchange works for this offer
Betfair and Smarkets are both great options for this offer. If you’ve not used one of them, now is a great time to give them a try.
- Money back as cash up to £20
- 0% commission for 60 days
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 £17.32…
Place £20.00 on Max Verstappen @ 2.20 = Potential profit of £24.00
Lay £17.32 on Max Verstappen @ 2.56 = Potential liability of £27.01
Outcomes
Let’s have a look at our potential profit/loss for the possible outcomes…
| Outcome | Novibet | Betfair | Profit/Loss |
|---|---|---|---|
| Max Verstappen wins | + £24.00 | – £27.01 | £3.01 loss |
| Max Verstappen loses | – £20.00 | + £16.97 | £3.03 loss |
So, no matter the outcome, we’ll lose a maximum of £3.03 in qualifying for our £10.00 free bet.
Free bet
Our £10.00 free bet will be credited within 24 hours.
Using straightforward matched betting, we should be able to convert our free bet into 80% cash, so £8.00. If we take into account our maximum qualifying loss of £3.03, this gives us a guaranteed profit of £4.97 on this Novibet offer!
* Max Verstappen finished 2nd, resulting in a profit of £4.97 on this Novibet offer. *
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £90,000 worth of profit, and made it my mission to make matched betting accessible to everyone.