Kick-off time (GMT): 21/12/2015 : 20:00
As you know, I don’t often blog about new customer offers but NetBet are running a great enhancement on Arsenal v Man City and I thought it deserved a mention. If you don’t already have a NetBet account, listen up! By betting on Arsenal to beat Man City, we can make a guaranteed profit of £17.89 and here’s how…
To claim this offer, we need to open a new account and enter code ‘XMAS10’ in the ‘Deposit Bonus Code’ area at the top of the Cashier page, before making our first deposit.
We will be credited an initial £0.01 as a free bet upon activating the bonus, which confirms that we are eligible to receive the full free bet bonus.
Having looked at the lay odds available, it’s going to be more profitable to place our bets on Arsenal. We must place our FIRST BET of £10.00 on Arsenal to win at the current market price and if our bet wins, we will be paid in cash based on the normal price and will have the extra amount, bringing the bet up to the cumulative payout, credited as a free bet, and added to our account within 48 hours.
The odds of Arsenal beating Man City at the time of writing are 2.30, so if Arsenal win the match, we will receive £23.00 in cash and a £57.00 free bet which makes £80.00 in total. Our free bet must be rolled over 3 times at minimum odds of 1.60 and will expire after 60 days if not used. By using straightforward matched betting we should be able to extract £47.00 cash from the £57.00 free bet, giving us total cash returns of £70.00 and effective odds of 7.00.
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 enter our effective odds into my matched betting calculator to work out our correct lay stake…
As you can see, the calculator tells us that our lay stake should be £28.46…
Place £10.00 on Arsenal @ 2.30 = Potential profit of £13.00
Lay £28.46 on Arsenal @ 2.48 = Potential liability of £42.11
Let’s have a look at our overall profit/loss for the possible outcomes…
|Arsenal win||+ £13.00 – £42.11 + £47.00 (extracted from £57.00 free bet) = £17.89 profit|
|Arsenal don't win||- £10.00 + £27.89 = £17.89 profit|
So regardless of the result of the match, we’ll make a guaranteed profit of £17.89 on this NetBet enhanced odds offer for new customers.