Round 1 of the Australian Open 2021 is underway and you don’t want to miss this Paddy Power risk-free bet offer! Place an in play single bet on Round 1 of the Australian Open and if it loses, Paddy Power will refund your stake as a free bet, up to £5.00. Translated into matched betting terms, this gives us a guaranteed profit of £3.00 and here’s how…
Key terms
- Applies to our first in play bet that settles as a loser.
- Applies to bets placed on Round 1 matches at the Australian Open 2021.
- Maximum free bet refund of £5.00.
Risk-free bet
Our first in play bet that settles as a loser will be refunded as a free bet, so we can treat this as a risk-free bet offer.
In play betting on tennis can be a little tricky. It’s best to wait until a change of ends or the end of a set as the odds tend to be more stable.
We’ll need to place our bet at long odds in order to maximise our profit.
We can work out our lay stake by using the ‘Risk-Free Bet’ setting on my Matched Betting Calculator. We can enter £4.00 as our ‘Cashback’ figure as this is the amount we can expect to convert our £5.00 free bet into, should our bet lose.
Aim to convert our free bet into £3.00 profit
Outcome
With some decent odds, we should be able to make a guaranteed profit of £3.00 on this Paddy Power offer!
If eligible, our free bet will be credited within two hours of our qualifying bet being settled. If you’re unsure how to convert your £5.00 free bet into £4.00 cash (80%), please see my free bets guide for a walkthrough of how it should be done.
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £90,000 worth of profit, and made it my mission to make matched betting accessible to everyone.