It’s the 51st edition of the NFL Super Bowl tonight and you don’t want to miss this Betway offer! Place a Money Line bet on the Super Bowl 51 and if the team you back is leading at half-time and go on to lose the match, Betway will refund losing bets as a free bet, up to £50.00. Translated into matched betting terms, this gives us a potential profit of £38.33 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 they should be done.
Our qualifying bet must be placed pre-match on the Money Line market, to be eligible.
If the match goes into overtime and the team we back lose, but were leading at half-time, Betway will still refund our losing bet.
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 £49.32…
Place £50.00 on New England Patriots @ 1.667 = Potential profit of £33.35
Lay £49.32 on New England Patriots @ 1.71 = Potential liability of £35.02
Let’s have a look at our potential profit/loss for the three outcomes…
| New England Patriots win | + £33.35 – £35.02 = £1.67 loss |
| New England Patriots lose having led at half-time | – £50.00 + £48.33 + £40.00 (extract 80% from our £50.00 free bet) = £38.33 profit |
| New England Patriots lose having not led at half-time | – £50.00 + £48.33 = £1.67 loss |
So, if New England Patriots are leading at half-time and go on to lose, we’ll make a nice profit of £38.33. Any other outcome and we’ll have made a loss of £1.67. Risking £1.67 to make a profit of £38.33, give us effective odds of 23.95. Given that the odds on New England Patriots leading at half-time and going on to lose are 7.50, this is a profitable offer in the long run.
If you’re unsure how to extract 80% cash from our £50.00 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 £100,000 worth of profit, and made it my mission to make matched betting accessible to everyone.