It’s time for another fantastic Paddy Power offer! Simply place a single bet of £20.00 or more pre-fight on Floyd Mayweather Jr v Manny Pacquiao and Paddy Power will give us £10.00 in free bets to be used in-play. Translated into matched betting terms, this gives us a guaranteed profit of £6.88 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 what you place your qualifying bet on, as long as you place it at minimum odds of 1.20 (1/5) or above. Having looked at the odds available, I’ve opted to place my qualifying bet on Mayweather and we can calculate our lay stake by using the matched betting calculator.
Place £20.00 on Mayweather @ 1.57 = Potential profit of £11.40
Lay £19.87 on Mayweather @ 1.63 = Potential liability of £12.52
Let’s have a look at our potential profit/loss for the following outcomes…
|Mayweather wins||+£11.40 – £12.52 = £1.12 loss|
|Mayweather doesn't win||-£20.00 + £18.88 = £1.12 loss|
So regardless of the result of the fight, we will lose £1.12 in qualifying for our 2 x £5.00 in-play free bets.
It’s impossible to know what odds will be available until the fight has started but by using straightforward matched betting, we should be able to extract 80% out of the 2 x £5.00 free bets as cash, so £8.00. If we take into account our qualifying loss of £1.12, this gives us a guaranteed profit of £6.88!
My advice is to wait until the end of a round 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 during the rounds. There’s nothing worse than placing your free bet on a market and then something happens in the fight 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 2 x £5.00 in-play free bets, please see my Free Bet Strategy page for a walkthrough guide on how it should be done.