£3.54
Guaranteed Profit
£3.54
Actual Profit

Chicago Bears @ Oakland Raiders Offer – Betfred


Posted by Matt (administrator) Matt
Start Time: 06/10/2019 18:00

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…

Back Bet (Bookie)

%

Lay Bet (Betting Exchange)

%

Min £
Max £
Lay stake required: £
Bookie
Exchange
Cashback
Total
If back (bookie) bet wins
£
£
£
= £
If lay (exchange) bet wins
£
£
£
= £

Total profit: £

Optimal Underlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

Optimal Overlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

As you can see, the calculator tells us that our lay stake should be £9.74…

Betfred logo

Place £10.00 on +40.5 Under Points @ 1.909 = Potential profit of £9.09

Smarkets logo

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…

OutcomeBookieExchangeProfit/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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