£3.74
Guaranteed Profit
£3.74
Actual Profit

NFL Free Bet Offer – Betfred


Posted by Matt (administrator) Matt
Start Time: 22/09/2019 18:00

There’s a big Sunday evening of NFL action to look forward to 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 NFL match 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 £3.74 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 and settled on any of Sunday’s NFL matches, up to the conclusion of Los Angeles Rams @ Cleveland Browns, which kicks off at 01:20 on Monday 23rd September 2019.

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 for Carolina Panthers @ Arizona Cardinals, we could place our qualifying bet on Arizona Cardinals in the Money Line 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 £9.94…

Betfred logo

Place £10.00 on Arizona Cardinals @ 1.769 = Potential profit of £7.69

Smarkets logo

Lay £9.94 on Arizona Cardinals @ 1.80 = Potential liability of £7.95

Outcomes:

Let’s have a look at our potential profit/loss for the possible outcomes…

OutcomeBookieExchangeProfit/Loss
Arizona Cardinals win+£7.69-£7.95£0.26 loss
Arizona Cardinals don't win-£10.00+£9.74£0.26 loss

So, regardless of the result, we’ll lose £0.26 in qualifying for our £5.00 free bet.

Free Bet:

Our £5.00 free bet will be credited by 12:00 on Monday 23rd September 2019 and will be valid until 09:00 on Tuesday 24th September 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 qualifying loss of £0.26, this gives us a guaranteed profit of £3.74 on this Betfred offer!

* Carolina Panthers won the match 38-20, resulting in a profit of £3.74 on this Betfred offer. *

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