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888 Treble The Odds Welcome Offer

I saw the 888 Treble The Odds offer.

Is this the case we can apply Overlay?
Say, the odds are 4.00 888 vs 4.20 SMarkets, and I back maximum £10.
If I win in 888, my total winning will be £30 x 3 = £90
Thus after I overlay £33.55 (Lay Liability will be £107.36) rather than normal lay of £9.57,
– Back wins: + £90 (888) – £77.36 (SMarkets) = +£12.64
– Lay wins: – £10 (888) + £22.88 (SMarkets) = +£12.88
So, I can assure the guaranteed profit of around £12+.

Can anybody confirm if my approach is correct or point out if I misunderstand any?

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Georger
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June 19, 2016 at 11:32 pm

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tonyr 0 June 20, 2016 at 8:16 am

Using the calculator just on the qualifying bet setting put £10 as stake, 10 (3/1 x 3 = 9 + 1) in the back odds and 4.2 in the lay odds (2% commission) gives you a guaranteed profit of £13.44

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Georger 0 June 20, 2016 at 10:29 am

Tony, you’re absolutely right, thanks.

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jameslegg97 8 June 21, 2016 at 9:01 pm

Just worth mentioning that the treble odds winnings will come via free bets. This means, unless you’re good at extracting money from free bets, you’ll only win 70-80% of the extra winnings from the triple odds. You can of course extract 100%+ if you find a good arb, but I know most people don’t early on in their matching betting learning.

So you’ll probably want to adjust your calculations based on that – i.e. you might get 45-50 quid extra rather than 60 (haven’t read the calculations but that’s just an example).

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