It’s another Betfred free bet offer. Have a pre-tournament bet of £10.00 or more on the Masters Outright market, and every time your selection scores a century break, Betfred will give us a £2.00 free bet. Translated into matched betting terms, this gives us a potential profit of £7.43 and here’s how…
If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walkthrough guide on how to place your qualifying bets.
It’s entirely up to you who you place your qualifying bet on, but for me it has to be Ronnie O’Sullivan. He’s the defending champion, he’s in great form having won the UK Championship last month and most importantly for us, he’s the shortest odds, meaning he’s the cheapest outlay. Oh and he’s also on the verge of beating Stephen Hendry’s all time record number of century breaks!
Place £10.00 on Ronnie O’Sullivan @ 2.75 = Potential profit of £17.50
Lay £9.93 on Ronnie O’Sullivan @ 2.82 = Potential liability of £18.07
Let’s have a look at our potential profit/loss for the two outcomes…
|Ronnie O'Sullivan wins||+£17.50 – £18.07 = £0.57 loss|
|Ronnie O'Sullivan doesn't win||-£10.00 + £9.43 (£9.93 minus 5% commission) = £0.57 loss|
So regardless of the outcome, we will lose £0.57 in qualifying for this offer.
For every century break that O’Sullivan makes, we will get a £2.00 free bet. Therefore, if O’Sullivan were to make 5 century breaks, we would receive £10.00 in free bets. I would then extract 80% of these as cash, so £8.00. If we take into account our qualifying loss of £0.57, this gives us a potential profit of £7.43! The Masters is a fairly short format with only 16 entrants, so 3+ century breaks would be a good result.
If you’re not sure how to extract 80% of the £10.00 free bet, please see my Free Bet Strategy page for a walkthrough guide on how it should be done.
* O’Sullivan made four century breaks before exiting the tournament at the semi-final stage giving me 4 x £2.00 free bets *