BetBright Offer – 2016 World Snooker Championship

April 15, 2016 / Other Sports / 8 Comments

Kick-off time (GMT): 16/04/2016 : 10:00

Potential profit
£28.90
My profit £4.90

The 2016 World Snooker Championsip gets underway on Saturday and BetBright are getting in on the action. Place a pre-tournament bet on the World Snooker Championship Outright market and every time our player makes a century break, BetBright will give us a free bet. Translated into matched betting terms, this gives us a potential profit of £28.90 and here’s how…

BetBright Offer - Snooker World Championship 2016

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 before the tournament starts, which gets underway at 10:00 on Saturday 16th April 2016.

For every £20.00 staked (maximum of £100.00) on our selected player, BetBright will give us a £1.00 free bet every time they make a century break. For those of you who aren’t overly familiar with snooker, a century break is when a player scores 100 points or more in one visit to the table. So if we bet the maximum amount of £100.00, we’ll get a £5.00 free bet each time our player makes a century break.

It’s entirely up to you who you place your qualifying bet on but it makes sense to go for a player with fairly low odds. Not only does this give us a good chance of bagging some free bets, but it means we won’t have too much tied up in our exchange account for the next couple of weeks. The tournament is scheduled to finish on Monday 2nd May 2016.

Having looked at the odds available, I’ve opted to place my qualifying bet on Ronnie O’Sullivan.

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 work out our lay stake by entering our odds into my matched betting calculator…


Back Bet (Bookie)

%

Lay Bet (Betting Exchange)

%

Adjust your lay stake

Min £
Max £

Lay stake required: £

Bookie
Exchange
Total
If back (bookie) bet wins
= £
If lay (exchange) bet wins
= £
Bookie
Exchange
Cashback
Total
If back
bet wins
= £
If lay
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 £86.63…

betbright logo

Place £100.00 on Ronnie O’Sullivan @ 2.625 = Potential profit of £162.50

smarkets white

Lay £86.63 on Ronnie O’Sullivan @ 3.05 = Potential liability of £177.60

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

Ronnie O'Sullivan wins + £162.50 – £177.60 = £15.10 loss
Ronnie O'Sullivan doesn't win - £100.00 + £84.90 (£86.63 minus 2% commission) = £15.10 loss

So, regardless of who wins the tournament, we will lose £15.10 in qualifying for this BetBright offer. If you feel that this qualifying loss is too big, feel free to select a different player. Over the last few World Championships, O’Sullivan has produced more century breaks than any other player, so I’ll be sticking with him.

Free Bets:

For every century break that O’Sullivan makes, we will get a £5.00 free bet credited by 11:00 the following day. Across the last 4 World Snooker Championships, O’Sullivan has made 45 century breaks, which is an average of just over 11 centuries per tournament. If O’Sullivan were to make 11 centuries at this years’ World Championship, we would receive £55.00 in free bets. We can then extract 80% of these as cash, so £44.00.

If we take into account our qualifying loss of £15.10, this gives us a potential profit of £28.90!

* Ronnie O’Sullivan got knocked out in the second round, having made 5 century breaks. This meant I made a profit of £4.90 on this BetBright offer. *

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8 Comments

  1. Bradley Williams

    April 15, 2016
    / Reply

    Lay odds have now become available on smarkets so might as well use them (odds are the same but lower commission)

    • Matt

      Matt

      April 15, 2016
      / Reply

      Well spotted Bradley, I've updated the post. Trims a nice little bit off our qualifying loss.

  2. Bob47474

    April 15, 2016
    / Reply

    Think you've got the month wrong for the offer mate!

    • Matt

      Matt

      April 15, 2016
      / Reply

      Well spotted Bob, thanks mate.

  3. Ed

    April 15, 2016
    / Reply

    Has anyone had many problems with max bets on BetBright? I've only just started an account with them but I had a bet limit of £30 on this. I put on £20 in the end and then did a couple of mug bets on the premier league

  4. Tom

    April 24, 2016
    / Reply

    Backed O'Sullivan but only seen 2 free bets credited so far from the first round match. I think he has scored 3 centuries in the second round. Do they only get credited after each match concludes?

    • Matt

      Matt

      April 25, 2016
      / Reply

      Not sure about that Tom, but you would think they'd be credited the day after each century break is made.

    • Richie

      April 25, 2016
      / Reply

      I had the same issue, support confirmed that the outstanding free bets will be credited tomorrow.


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