Potential
- -
 
Guaranteed
£4.02
 
My Profit
£4.02

Paddy Power Offer – Andy Murray Price Boost


Posted by Matt (administrator) Mon, Aug 8, 2016 03:08pm Matt
Start Time: 06/08/2016 14:45

With Djokovic out, it’s Murray’s to win and Paddy Power are getting in the action. They’ve enhanced Andy Murray to win gold at Rio 2016 from evens to a tasty 6/4! Translated into matched betting terms, this gives us a guaranteed profit of £4.02 and here’s how…

Paddy Power Offer - Andy Murray Rio 2016

The maximum stake for this price boost is £20.00.

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 stake using my matched betting calculator…

Back Bet (Bookie)

%

Lay Bet (Betting Exchange)

%

Min £
Max £
Lay stake required: £
Bookie
Exchange
Cashback
Total
If back (bookie) bet wins
£
£
£
= £
If lay (exchange) bet wins
£
£
£
= £

Total profit: £

Optimal Underlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

Optimal Overlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

As you can see, the calculator tells us that our lay stake should be £24.51…

paddypower

Place £20.00 on Andy Murray @ 2.50 = Potential profit of £30.00

smarkets white

Lay £24.51 on Andy Murray @ 2.06 = Potential liability of £25.98

Let’s have a look at our profit/loss for the two potential outcomes…

Andy Murray wins + £30.00 – £25.98 = £4.02 profit
Andy Murray doesn't win - £20.00 + £24.02 (£24.51 minus 2% commission) = £4.02 profit

So, regardless of who wins the tournament, we’ll make a guaranteed profit of £4.02 on this Paddy Power offer!

Comments


  1. biscuit1966

    2.08 now on Smarkets,Still £3.79 though nice!

  2. sareb18

    Hi Matt
    I couldn’t find the link on Smarkets to lay the bet. Could only find it on Betfair.

    1. sareb18

      Thanks biscuit 1966. I forgot to click on Mens Winner when Denis Istomin’s name appeared.

  3. Kiwilinx

    1.9 tonite. You’re welcome!!

    1. Liam

      Yeah I took it at 1.9. Really thinking about probably should have just punted it

  4. Bebeto

    How long are these offers usually up to get on with? It seems to be off by now. Cheers, really nice blog by the way mate, keep it up!!

    1. Matt

      Thanks Bebeto. The price boosts don’t tend to hang around for too long, however, this one was available for 24 hours or so.

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