Potential
- -
 
Guaranteed
£32.20
 
My Profit
£32.20

LeoVegas Offer – US Open 2016


Posted by Matt (administrator) Mon, Aug 29, 2016 01:08pm Matt
Start Time: 29/08/2016 16:00

The US Open 2016 is here and you don’t want to miss this LeoVegas offer. For every three £10.00+ bets we place in play on the US Open 2016, LeoVegas will give us a £5.00 free in play bet. Translated into matched betting terms, this gives us a guaranteed profit of £32.20 and here’s how…

LeoVegas Offer - US Open 2016

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.

This offer is available from 23:01 on Sunday 29th August 2016 until 22:59 on Sunday 11th September 2016.

We must place our qualifying bets in play, at odds of 1.50 (1/2) or greater. With this in mind, it’s probably a good idea to stick to the Match Odds markets.

We are able to claim one free bet each day, with ‘each day’ being from 23:01 to 22.59 the following day.

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 my matched betting calculator.

leovegas

Aim to lose no more than £0.40 on each of our three £10.00 qualifying bets.

So we will lose £1.20 in qualifying for each £5.00 free bet.

Free Bets:

Free bets can be used on any US Open 2016 in play market and will be valid for 24 hours. Free bet stakes are not included in any returns.

By using straightforward matched betting, we should be able to extract at least 70% of each £5.00 free bet, so approximately £3.50. If we take into consideration our total daily qualifying loss of £1.20, we should make a guaranteed daily profit of £2.30.

Given that the tournament is played over 14 days, between Monday 29th August 2016 and Sunday 11th September 2016, this gives us a guaranteed overall profit of £32.20 on this LeoVegas offer!

Comments


  1. winner winner

    Any tips on placing in play tennis bets please? The odds move so quickly.

    1. Doz

      A good idea is to place your back bet when your player has just lost to the opponents serve as their odds will be higher, then wait until they have served (and hopefully held their serve) and their lay odds will drop, you’ll get used to it. Obviously there is a risk your man will lose his serve but it doesn’t happen to often and it generally means you’ll make a profit on the back/lay qualifying bets.

      1. winner winner

        Thank you. I will take a look at that tomorrow.
        Alternatively when they are changing ends perhaps. Think its every odd number of games but I am not sure.

        1. Matt

          That’s correct mate. That’s the best time to place them. There is also a slightly longer break at the end of each set.

  2. Carl

    Tennis is not good for matched betting, quite often players retires before the match is over and different betting sites hsve different rules for that. I know, I lost around £100 when Nishikori retired at Wimbledon

    1. Matt

      You just need to check that the bookmaker and the betting exchange have the same retirement rules Carl. LeoVegas and Smarkets will both void Match Odds bets if the first set isn’t completed, otherwise they will stand.

      1. Dean Jones

        Hey, where can this information be found?

        1. Matt

          For Smarkets, there’s a ‘Betting Rules’ link in the footer of their homepage. For most bookmakers, a Google search will usually bring up what you’re looking for.

        2. Dean Jones

          yes but that’s the point, i could not find leo vegas rules after googling…so i would like to know where i could find it

        3. Matt

          There is a ‘Terms and Conditions’ link at the bottom of the homepage and you want section ’28. Tennis and Racket Sports (Badminton, Rackleton, Squash & Table Tennis)’.

  3. manchestman

    Wasn’t sure if this offer would be worth doing, but had a long look late yesterday evening, used Betfair because of increased liquidity and was surprised how often Leo were slower at changing odds than Betfair, therefore instead of losing anything, I made very small profit in qualifying for free bet. Will probably do it most evenings now. Good offer, Leo! (Don’t forget min odds of 1.5 – I forgot, so had to do 4 qualifiers)

    1. Matt

      Nicely done mate.

  4. James

    I won’t bother with Leo Vegas anymore, did a offer with them at Wimbledon and they never once credited me
    with a free bet, I had to go on live chat every day and request it. Very frustrating. Not sure if anyone else has the same problem?

    1. Manchestman

      Yes, be very very careful with this company. I’m no newbie and I feel they are definitely cheating. At present I have 4 x £5 free bets in their ‘pending’ section. They have been there over a week. I have 2 x £5 free bets in expired section after they were pending for days and days. All supposed to be used within 24 hrs, and on inplay US tennis open comp. Went on live chat last night, had massive argument. Told I cannot even have ‘pending’ free bets because they have to be used within 24hrs of issue! lol.
      I also checked my premier league outright winner bet that was supposed to have the odds doubled. They had marked that promo as expired and was told I did not accept double odds on mybet slip when placing! Jokers and cheaters. Seriously take care. I will only do guaranteed profit deals from now on. I will be on live chat immediately for every free bet and I will continue doing this until gubbed, taking every penny I can from them. Yes, I am bitter, lol

  5. Dave

    Tennis is indeed bad for MBetting. Messed up the free bet as player never reccovered and cause of odds fluctuation, I tried to make the bet too quick that I used my own money too. Lost £10 free bet and £10 of own money. 🙁

  6. Chris

    Hey,
    Not really related to this specific blog.
    I could be going mad here, but i’m using a free bet on paddy and the back odds for a Monfil win of sets 3-2 is 8.5, however the lay on smarkets is as short as 7.6, is this a mistake on Paddys end or am I losing it?
    Cheers for any help

    1. Matt

      It’s difficult to say now Chris, but it’s possible you found a nice arb there.

Leave a Reply


Your email address will not be published. Required fields are marked *