£6.58
Guaranteed Profit
£6.58
Actual Profit

Betfred Offer – Britain’s Got Talent


Posted by Matt (administrator) Matt
Start Time: 31/05/2015 19:30

It’s time for another fantastic Betfred offer!  Simply place a pre-event single bet of £10.00 or more on the Britain’s Got Talent 2015 outright market and Betfred will give us a £10.00 free bet to be used in play.  Translated into matched betting terms, this gives us a guaranteed profit of £6.58 and here’s how…

 

Betfred BGT

 

Qualifying Bet:

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 which act you place your qualifying bet on.  Having looked at the odds available, I’ve opted to place my qualifying bet on Calum Scott and we can calculate our lay stake by using the matched betting calculator.

betfred

Place £10.00 on Calum Scott @ 3.25 = Potential profit of £22.50

betfair

Lay £9.03 on Calum Scott @ 3.65 = Potential liability of £23.92

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

 

Calum Scott wins+£22.50 – £23.92 = £1.42 loss
Calum Scott doesn't win-£10.00 + £8.58 = £1.42 loss

 

So regardless of who wins Britain’s Got Talent 2015, we will lose £1.42 in qualifying for our £10.00 free in play bet.

 

Free Bet:

Our free bet will be credited to our accounts just after the show gets underway at 20:00.  It’s impossible to know what odds will be available until the show kicks off but by using straightforward matched betting, we should be able to extract 80% out of the £10.00 free bet as cash, so £8.00.  If we take into account our qualifying loss of £1.42, this gives us a guaranteed profit of £6.58!

My advice is to wait until a commercial break to place your free bet and then lay it at the betting exchange.  This is simply because the odds don’t fluctuate as much as when the show is live.  There’s nothing worse than placing your free bet on a market and then something happens that changes the odds before you have chance to get your lay bet on!

If you’re not sure how to extract 80% of the £10.00 free in play bet, please see my Free Bet Strategy page for a walkthrough guide on how it should be done.

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