Another great offer from Bet Butler. Place a £10.00 correct score bet on Newcastle v Sunderland and get a free £10.00 bet on the Super Bowl this Sunday Night! Translated into matched betting terms, this gives us a guaranteed minimum profit of £6.55. And here’s how…
Step 1:
Having looked at the odds available, I’ve decided to place my correct score bet on Newcastle to win 2-1.
Place £10.00 on 2-1 Newcastle @ Bet Butler @ 9.50 = Potential profit of £85.00.
Lay £9.55 on 2-1 Newcastle @ Betfair @ 10.00 = Potential liability of £85.95.
Step 2:
Let’s have a look at our current potential profit/loss for the two outcomes…
| 2-1 Newcastle | +£85.00 – £85.95 = £0.95 loss |
| Not 2-1 Newcastle | -£10.00 + £9.07 (£9.55 minus 5% commission) = £0.93 loss |
So regardless of the outcome, we will lose a maximum of £0.95 in order to claim our free £10.00 bet on the Super Bowl.
Step 3:
By using straightforward matched betting, we should be able to extract approximately 75% of our £10.00 free bet, so £7.50. If we take into consideration our initial maximum loss of £0.95, we should make a minimum profit of around £6.55 on this 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.