The 2016 Australian Open is in full swing and you don’t want to miss this Betfred in play offer. Simply place an in play bet on 3 or more Australian Open matches on the same day and Betfred will give us a free bet to our average stake up to a maximum of £25.00 to use on the following days tennis. Translated into matched betting terms, this gives us a guaranteed daily profit of £14.00 and here’s how…
Qualifying Bet:
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.
To qualify for the £25.00 free bet, we must place an in play bet on 3 or more Australian Open tennis matches on the same calendar day at minimum odds of 1.50 (1/2) or above. It’s entirely up to you who you place your qualifying bets on.
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.
Aim to lose no more than £2.00 on each of our 3 qualifying bets
So we will lose approximately £6.00 on our qualifying bets in order to claim our £25.00 free bet.
Free Bet:
By using straightforward matched betting, we should be able to extract 80% of our £25.00 free bet as cash, so around £20.00. If we take into consideration our daily qualifying loss of £6.00, this gives us a guaranteed daily profit of £14.00!
It’s unknown at the moment how many days this offer will run for so I will update the profit figure once the offer has ended.
If you’re not sure how to extract 80% of the £25.00 free bet, please see my Free Bet Strategy page for a walk-through guide on how it should be done.
* Betfred ran this offer until Sunday 24th January 2016, meaning I made a profit of £56.00 (4 x £14.00) on this offer. *
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £100,000 worth of profit, and made it my mission to make matched betting accessible to everyone.