A fantastic in-play offer from Betway. Place a pre-game Match Winner bet on the Super Bowl and they’ll give us a Free Bet to use in-play equal to our stake up to £50.00. Translated into matched betting terms, this gives us a guaranteed profit of approximately £32.50. And here’s how…
Step 1:
Having looked at the odds available, I’ve decided to place my bet on Denver Broncos to win.
Place £50.00 on Denver Broncos @ Betway @ 1.83 = Potential profit of £41.50.
Lay £50.00 on Denver Broncos @ Betfair @ 1.88 = Potential liability of £44.00.
Step 2:
Let’s have a look at our current potential profit/loss for the two outcomes…
| Denver Broncos win | +£41.50 – £44.00 = £2.50 loss |
| Denver Broncos don’t win | -£50.00 + £47.50 (£50.00 minus 5% commission) = £2.50 loss |
So regardless of the outcome, we will lose £2.50 in order to claim our free £50.00 in-play bet.
Step 3:
The only negative about this offer for us Brits is that the free in-play bet isn’t credited to our accounts until half-time, which will mean a late night. By using straightforward matched betting, we should be able to extract at least 70% of this free bet, so approximately £35.00. I like to place my in-play bets during an interval so that there is less chance of the odds fluctuating whilst I’m placing the bets. If we take into consideration our initial loss of £2.50, we should make around £32.50 profit on this 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.