Betfred Offer – 2016 Masters Snooker

January 7, 2016 / Other Sports / 22 Comments

Kick-off time (GMT): 10/01/2016 : 13:00

Potential profit
£16.04
My profit £14.61

The 2016 Masters snooker gets underway on Sunday and just like last year, Betfred are getting in on the action. Place a bet on the Masters Outright market and every time our player makes a century break, Betfred will give us a free bet. Translated into matched betting terms, this gives us a potential profit of £16.04 and here’s how…

 

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.

Stakes between £10.00 and £24.99 will be eligible for a £2.00 free bet for every century break our player makes and stakes of £25.00+ will be eligible for a £5.00 free bet for every century break our player makes. Therefore, to maximise our potential profit, it makes sense to stake £25.00 as our qualifying bet.

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 to minimise our qualifying losses. Qualifying bets must be placed before 13:00 on Sunday 10th January 2015 to be eligible.

At the time of writing, the lay odds are pretty poor so I’ll use fictional odds in the following example and then I’ll update the post on Sunday with my actual selection.

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 £22.15…

Betfred Logo

Place £25.00 on Ronnie O’Sullivan @ 3.50 = Potential profit of £62.50

betfair

Lay £22.15 on Ronnie O’Sullivan @ 4.00 = Potential liability of £66.46

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

Ronnie O'Sullivan wins +£62.50 – £66.46 = £3.96 loss
Ronnie O'Sullivan doesn't win -£25.00 + £21.04 (£22.15 minus 5% commission) = £3.96 loss

So regardless of who wins the tournament, we will lose £3.96 in qualifying for this offer.

 

Free Bets:

For every century break that O’Sullivan makes, we will get a £5.00 free bet credited within 24 hours. Therefore, if O’Sullivan were to make 5 century breaks, we would receive £25.00 in free bets. We can then extract 80% of these as cash, so £20.00.

If we take into account our qualifying loss of £3.96, this gives us a potential profit of £16.04!

The Masters is a shorter format than most tournaments with only 16 of the top players taking part, so 3+ century breaks would be a good result.

If you’re not sure how to extract 80% of each free bet, please see my Free Bet Strategy page for a walk-through guide on how it should be done.

* I actually placed my qualifying bet on Ronnie O’Sullivan at back odds of 4.50 and lay odds of 5.50. O’Sullivan made five century breaks during the tournament, meaning I made an overall profit of £14.61 on this offer. *

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22 Comments

  1. Nick W

    January 7, 2016
    / Reply

    Sign me up! Loved it last year, hoped it would come round again

  2. BillySwill

    BillySwill

    January 7, 2016
    / Reply

    This offer is also available through Totesport, although I'm not too sure if you can take part through both bookies as they are also owned by Betfred?

    • Matt

      Matt

      January 7, 2016
      / Reply

      Well spotted, they must have sneaked that one on there this afternoon. They are separate bookmakers in their own right but it's always been a bit of a grey area as to whether it's a good idea to do both offers. We could either double up on the same player or hedge our bets with a different player.

  3. Sean

    January 7, 2016
    / Reply

    The Totesport T&Cs refer to BetFred.com and Betfred mobile.

    • Matt

      Matt

      January 7, 2016
      / Reply

      Hmmm that's strange. Maybe it's a typo and they've copied the terms over without changing them to Totesport...

  4. scottywire

    January 7, 2016
    / Reply

    If I open a tote sport account do you think the free £25 welcome bet will qualify for this offer?

    • scottywire

      January 7, 2016
      / Reply

      Ignore that previous comment I decided to join and place my £25 first qualifying bet on Exeter for tomorrow's fa cup game. Totesport are offering 7.5 with bet fair lay at 7.0 currently

  5. Ashley Mince

    January 8, 2016
    / Reply

    Hello,
    What is a century break and what are the chances of a player making one? Who would be the best bet? Please forgive my stupidity as I have no knowledge of snooker at all.

    Thanks,
    Ash

    • Matt

      Matt

      January 8, 2016
      / Reply

      A century break is when a player scores 100 points or more in one visit to the table without missing a pot. The favourites such as O'Sullivan and Robertson are arguably the best bets as they're likely to have a good run in the tournament and each made 4 centuries last year at the Masters. It's your call though.

  6. Simon

    January 8, 2016
    / Reply

    I did once question a similar offer on live chat (betfred)when I hadn't been awarded a free bet and the operator told me I'd already taken the offer through totesport. Probably best to done one or the other. I haven't choice as I'm gubbed at both now.

    • Matt

      Matt

      January 8, 2016
      / Reply

      Thanks for that Simon.

  7. Chris

    January 8, 2016
    / Reply

    Neil Robertson may be a better bet here considering his form and the fact he scored the most century breaks in a season by far last time out. Ronnie hasn't been doing well for a while now and despite being favourite could easily go out in the early rounds.

  8. Chris

    Chris

    January 9, 2016
    / Reply

    I just asked about doing the promotion on BetFred and Totesport, I paste the conversation below. Looks like we can get on at both bookies:

    [Ellis G] Hello, welcome to Betfred online Live Support. My name is Ellis G.
    [Chris] Hi there. I just saw your Masters snooker promotion (stake £25 pre-tournament, get £5 free bet for every century scored)
    [Chris] i have an account with your sister company Totesport and notice the same promotion is running
    [Chris] is there anything stopping me from doing it there too?
    [Chris] or would i risk some kind of account restriction?
    [Ellis G] You can qualify on both sites.
    [Chris] thats definite ?
    [Ellis G] Yes.
    [Chris] ok many thanks, i'll have a shot at two players then
    [Chris] have a good evening

    • Matt

      Matt

      January 9, 2016
      / Reply

      Thanks for posting that Chris, good to know.

  9. Chris

    Chris

    January 9, 2016
    / Reply

    Also, I really would advise against Ronnie O'Sullivan, he took 8 months off because of insomnia which he still suffers from and has played two professional matched in 2015/16, winning one, losing the other.

    • Matt

      Matt

      January 9, 2016
      / Reply

      It's a fair point Chris but he may give us the smallest qualifying loss and I still fancy him to get past Williams.

      • Chris

        Chris

        January 10, 2016
        / Reply

        Yep thats true. Also, O'Sullivan and Robertson dont play until Tuesday and Wednesday respectively so the lay odds should tighten up considerably by then especially as players go out.

        • Matt

          Matt

          January 10, 2016
          / Reply

          It's definitely an option to place our back bets now and lay them on Tuesday or Wednesday. I can't see the lay odds getting longer. Like you say, they should shorten a little.

          • Chris

            Chris

            January 10, 2016
            / Reply

            Defending champion is out, should help with the lay odds in the next few days

  10. dingodollar

    dingo

    January 10, 2016
    / Reply

    Does any one know how long you have to use the free bets when credited?I can't find it through all the jargon that's on there!

  11. creepingdeath

    creepingdeath

    January 14, 2016
    / Reply

    Anyone had a free bet credited automatically yet? Whats the deadline for Betfred crediting these?

    • Justin

      January 16, 2016
      / Reply

      My free bets have been credited about 2 hours after the match finishes.

      If you use the Betfred app a message pops up telling you it's been credited.


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