It’s Chicago Bears @ Oakland Raiders on Sunday evening and you don’t want to miss this Betfred ‘Bet £10, Get £5’ offer! Place a single bet of £10.00 or more on any market and Betfred will give us a £5.00 free bet to use on Monday. Translated into matched betting terms, this gives us a guaranteed profit of £3.54 and here’s how…
Key Terms:
- We must place a single bet of £10.00 or more.
- Qualifying bets must be placed at odds of 1.50 (1/2) or greater.
- Offer applies to bets placed on Chicago Bears @ Oakland Raiders.
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.
Having looked at the odds available, we could place our qualifying bet on +40.5 Under Points in the Total Points U/O market.
At the time of writing, laying our bet at Smarkets gives us the smallest qualifying loss.
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 £9.74…
Place £10.00 on +40.5 Under Points @ 1.909 = Potential profit of £9.09
Lay £9.74 on Under 40.5 Points @ 1.98 = Potential liability of £9.54
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
| Outcome | Bookie | Exchange | Profit/Loss |
|---|---|---|---|
| 40 or less points | +£9.09 | -£9.54 | £0.45 loss |
| 41 or more points | -£10.00 | +£9.54 | £0.46 loss |
So, regardless of the outcome, we’ll lose a maximum of £0.46 in qualifying for our £5.00 free bet.
Free Bet:
Our £5.00 free bet will be credited by 12:00 on Monday 7th October 2019 and will be valid until 09:00 on Tuesday 8th October 2019.
By using straightforward matched betting, we should be able to extract 80% cash from our £5.00 free bet, so £4.00. If we take into account our maximum qualifying loss of £0.46, this gives us a guaranteed profit of £3.54 on this Betfred offer!
* Oaklands Raiders won the match 24-21, resulting in a profit of £3.54 on this Betfred offer. *
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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.