BetStars Offer – 2016 Australian Open

The 2016 Australian Open is underway and you don’t want to miss this offering from BetStars! Place three £10.00 bets in one day on the Australian Open and BetStars will give us a £10.00 free bet to use on the tournament the next day. Translated into matched betting terms, this gives us a guaranteed profit of £10.20 and here’s how…

Qualifying Bets:

If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy for a walk-through guide on how they should be done.

We must place a minimum of 3 bets of £10.00 or more on the Australian Open at odds of 1.50 (1/2) or above. Our qualifying bets must be placed on the same day, between 00:00 and 23:59, to qualify for each free bet.

We can only qualify for a free bet once per calendar week (18-24 Jan & 25-31 Jan).

Given the minimum odds requirement of 1.50 (1/2), 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 approximately £4.80 in qualifying for our 2 x £10.00 free bets.

Free Bets:

Our free bets will be credited by 10:00 the day after our we placed our qualifying bets.

By using straightforward matched betting, we should be able to extract at least 75% of our 2 x £10.00 free bets so approximately £15.00. If we take into consideration our qualifying loss of £4.80, this gives us a guaranteed overall profit of £10.20!

If you’re not sure how to extract 75% of our 2 x £10.00 free bets, please see my Free Bet Strategy page for a walk-through guide on how it should be done.