Grab a free bet every day during the 2016 Australian Open with 888sport. Simply place five bets of £5.00 or more pre-match or in play on any given day and 888sport will give us a £5.00 free bet the next day. Translated into matched betting terms, this gives us a guaranteed profit of £42.00 and here’s how…
Qualifying Bets:
If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walk-through guide on how they should be done.
The terms and conditions state that our qualifying bets can be placed pre-match or in-play, so long as they are placed at odds of 1.50 (1/2) or above. With this in mind, it’s probably a good idea to stick to the match winner markets.
I like to place my exchange lay bets with Smarkets as they have great liquidity, the site is really easy to use and they only charge 2% commission in comparison to the 5% charged by other betting exchanges.
We can calculate our lay stakes using the matched betting calculator.
So we will lose £1.00 in qualifying for each £5.00 free bet.
Free Bets:
By using straightforward matched betting, we should be able to extract at least 80% of each £5.00 free bet, so approximately £4.00. If we take into consideration our total daily qualifying loss of £1.00, we should make a guaranteed daily profit of £3.00. Given that matches are played over 14 days, this gives us a guaranteed overall profit of £42.00!
If you’re not sure how to extract 80% of our £5.00 free bets, please see my Free Bet Strategy page for a walk-through guide on how it should be done.
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £70,000 worth of profit, and made it my mission to make matched betting accessible to everyone.