The English Open 2017 snooker is underway and you don’t want to miss this Betfred offer! Simply place an in play bet on three separate English Open each day and Betfred will give us a free bet equal to our average stake, up to a maximum of £10.00. Translated into matched betting terms, this gives us a guaranteed daily profit of £5.00 and here’s how…
Qualifying Bets:
If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy for a walk-through guide on how they should be done.
To qualify for each £10.00 free bet, we must place in play bets totalling £30.00+ across three different English Open matches on each eligible day at odds of 1.50 (1/2) or greater.
We’ll need place our exchange lay bets with Betfair as Smarkets don’t currently offer snooker markets.
We can calculate our lay stakes using the matched betting calculator.
Aim to lose no more than £1.00 on each of our 3 qualifying bets
So, we’ll lose approximately £3.00 in qualifying for each £10.00 free bet.
Free Bet:
Our £10.00 free bet for Day 2 will be credited on Wednesday 18th October 2017 and will be valid for 7 days.
By using straightforward matched betting, we should be able to extract 80% of each £10.00 free bet as cash, so around £8.00. If we take into consideration our daily qualifying loss of £3.00, this gives us a guaranteed daily profit of £5.00 on this Betfred offer!
It’s currently unknown how many days this offer will run for, so I’ll update the profit figure as we go.
* This offer ran for the first two days of the tournament, meaning I made an overall profit of £10.00. *
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.