Perry v Gilbert Offer – Betfred

It’s Joe Perry v David Gilbert in the Masters snooker on Sunday night and Betfred are getting in on the action! Simply place a £10.00+ bet on Perry v Gilbert and Betfred will give us a £5.00 free bet. Translated into matched betting terms, this gives us a guaranteed profit of £3.27 and here’s how…

Key terms

  • Applies to single bets on Joe Perry v David Gilbert, being played on Sunday 10th January 2021.
  • Minimum stake of £10.00.
  • Minimum odds of 1.50 (1/2).

Note: This offer was updated to include either qualifying match on Sunday 10th January 2021, with the free bet being credited by 12:00 on Monday 11th January 2021 and being valid until 09:00 on Tuesday 12th January 2021.

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 Joe Perry in the Match Result market at back odds of 2.10 (11/10) and lay odds of 2.24.

Either exchange works for this offer

Betfair and Smarkets are both great options for this offer. If you’ve not used one of them, now is a great time to give them a try.

  • 2% commission for all new signups
  • 0% commission for 60 days

We can calculate our lay stake 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 £9.46

Betfred logo

Place £10.00 on Joe Perry @ 2.10 = Potential profit of £11.00

Betfair logo

Lay £9.46 on Joe Perry @ 2.24 = Potential liability of £11.73

Outcomes

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

OutcomeBetfredBetfairProfit/Loss
Joe Perry wins+ £11.00– £11.73£0.73 loss
Joe Perry loses– £10.00+ £9.27£0.73 loss

So, no matter the outcome, we’ll lose £0.73 in qualifying for our £5.00 free bet.

Free bet

Our £5.00 free bet will be credited by 19:00 on Sunday 10th January 2021 and will be valid until 09:00 on Monday 11th January 2021.

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 £0.73, this gives us a guaranteed profit of £3.27 on this Betfred offer!

* David Gilbert beat Joe Perry 6-2, resulting in a profit of £3.27 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.