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Wales v Scotland Offer – Betfred

It’s Wales v Scotland in the Six Nations on Saturday and Betfred are getting in on the action! Simply place a £10.00+ bet on Wales v Scotland and Betfred will give us a £5.00 free bet to use on France v Ireland. Translated into matched betting terms, this gives us a guaranteed profit of £3.03 and here’s how…

Key Terms:

  • Minimum stake of £10.00.
  • Minimum odds of 1.50 (1/2).
  • Applies to single bets placed on Wales v Scotland (14:15 kick-off on Saturday 31st October 2020).

Qualifying Bet:

If you’d like more information about qualifying bets and how they work, please see my Qualifying Bets Guide.

It’s entirely up to you what you place your qualifying bet on. Having looked at the odds available, we could place our qualifying bet on Scotland in the Match Winner market.

At the time of writing, laying our bet at Betfair gives us the smallest qualifying loss.

Betfair are currently offering new customers 0% commission up to £500 for the first 30 days.

Banner showing the zero commission sign up offer from Betfair.

Banner showing the zero commission sign up offer from Betfair

If you’re an existing Betfair customer, you can opt in to pay just 2% commission by selecting their Basic reward plan.

For more information about My Betfair Rewards and how to opt in, please see my Betfair 2% Commission page.

We can calculate our lay stakes using my matched betting calculator…

Back Bet (Bookie)

%

Lay Bet (Betting Exchange)

%

Min £
Max £
Lay stake required: £
Bookie
Exchange
Cashback
Total
If back (bookie) bet wins
£
£
£
= £
If lay (exchange) 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 £9.22…

Betfred logo

Place £10.00 on Scotland @ 3.30 = Potential profit of £23.00

Betfair logo

Lay £9.22 on Scotland @ 3.60 = Potential liability of £23.97

Outcomes:

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

Outcome Bookie Exchange Profit/Loss
Scotland win + £23.00 – £23.97 £0.97 loss
Scotland don’t win – £10.00 + £9.03 £0.97 loss

So, regardless of the outcome, we’ll lose £0.97 in qualifying for our £5.00 free bet.

Free Bets:

Our £5.00 free bet will be credited by 20:05 on Saturday 31st October 2020 and will be valid until 09:00 on Saturday 1st November 2020. Although the promotion page suggests using the free bet on France v Ireland, Betfred free bets can usually be used on any sports market.

Using straightforward matched betting, we should be able to convert our free bet into 80% cash, so £4.00. If we take into account our qualifying loss of £0.97, this gives us a guaranteed profit of £3.03 on this Betfred offer!

* Scotland won the match 14-10, resulting in a profit of £3.03 on this Betfred offer. *

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £60,000 worth of profit, and made it my mission to make matched betting accessible to everyone.