Super Bowl 51 gets underway tonight and you don’t want to miss this Betfair Sportsbook offer. Place a pre-match single bet on the 1st Touchdown Scorer market, and if our winning selection goes on to score again, Betfair will treble our odds. Translated into matched betting terms, this gives us a potential profit of £174.72 and here’s how…
Qualifying Bet:
If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walk-through guide on how it should be done.
In order to be eligible for this offer, our £10.00 (max.) qualifying bet must be placed pre-match on the 1st Touchdown Scorer market. If our selection wins and then goes on to score again, Betfair will treble our odds. Winnings will be paid in cash at the normal price and then topped up to treble odds with free bets. So, for example, if we place £10.00 on a winning 1st Touchdown Scorer at odds of 9.00 (8/1), we would receive £90.00 in cash and £160.00 in free bets, if he scores again.
It’s entirely up to you who you go for. Having looked at the odds available, I’ve opted to place my qualifying bet on Tevin Coleman (Atlanta Falcons).
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 £8.90…
Place £10.00 on Tevin Coleman @ 12.00 = Potential profit of £110.00
Lay £8.90 on Tevin Coleman @ 13.50 = Potential liability of £111.28
Let’s have a look at our potential profit/loss for the possible outcomes…
| Coleman scores 1st touchdown but doesn’t score again | + £110.00 – £111.28 = £1.28 loss |
| Coleman scores 1st touchdown and goes on to score again | + £110.00 – £111.28 + £176.00 (80% extracted from £220.00 free bet) = £174.72 profit |
| Coleman doesn’t score 1st touchdown | – £10.00 + £8.72 = £1.28 loss |
So, if Tevin Coleman scores the 1st touchdown and goes on to score again, we’ll make a nice profit of £174.72! Any other outcome and we’ll have lost £1.28. Risking £1.28 to make £174.72 profit, gives us effective odds of 137.50. Given that the odds on Tevin Coleman scoring two or more touchdowns are 5.00, this is a very profitable offer in the long run.
If eligible, our free bet will be credited within 24 hours of the match ending and will be valid for 48 hours. Free bet stakes are not returned with any winnings.
If you’re unsure how to extract 80% cash from a free bet, please see my Free Bet Strategy page for a walk-through guide on how it should be done.
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.