It’s the Indian Open 2019 Quarter-Finals on Saturday and you don’t want to miss this Betfred ‘Bet £10, Get £5’ offer! Place a bet of £10.00 or more on Saturday’s matches and Betfred will give us a £5.00 free bet to use on Sunday. Translated into matched betting terms, this gives us a guaranteed profit of £3.19 and here’s how…
Key Terms:
- We must place our bet at odds of 1.50 (1/2) or greater.
- Minimum stake of £10.00.
- Qualifying bets must be placed on any Indian Open match taking place on Saturday 2nd March 2019.
Qualifying Bet:
If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walk-through guide on how it should be done.
Having looked at the odds available, we could place our qualifying bet on Matthew Selt to beat Lu Ning.
At the time of writing, laying our bet at Betfair gives us the smallest qualifying loss.
We can calculate our lay stakes using my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £9.68…
Place £10.00 on Matthew Selt @ 1.80 = Potential profit of £8.00
Lay £9.68 on Matthew Selt @ 1.91 = Potential liability of £8.80
Let’s have a look at our potential profit/loss for the possible outcomes…
| Outcome | Bookie | Exchange | Profit/Loss |
|---|---|---|---|
| Matthew Selt wins | +£8.00 | -£8.80 | £0.80 loss |
| Matthew Selt doesn’t win | -£10.00 | +£9.19 | £0.81 loss |
So, regardless of the outcome, we’ll lose a maximum of £0.81 in qualifying for our £5.00 free bet.
Free Bet:
Our £5.00 free bet should be credited by 12:00 on Sunday 3rd March 2019 and will be valid until 09:00 on Monday 4th March 2019.
By using straightforward matched betting, we should be able to extract 80% cash from our £5.00 free bet, so £4.00. If we take into account our maximum qualifying loss of £0.81, this gives us a guaranteed profit of £3.19 on this Betfred offer!
* Matthew Selt won the match 4-3, resulting in a profit of £3.20 on this Betfred offer. *
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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.