Event Start Time (GMT): 09/10/2017 : 00:00
We all love a risk-free bet and Betsafe love dishing them out! Place six £10.00 bets between Monday and Friday and Betsafe will give us a £10.00 risk-free bet to be used at the weekend. Translated into matched betting terms, this gives us a guaranteed weekly profit of £5.10 and here’s how…
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 our £10.00 risk-free (‘safe’) bet, we need to place six bets of £10.00 via desktop or mobile. Qualifying bets must be placed and settled at odds of 1.50 (1/2) or greater between 00:01 CEST on Monday and 23:59 CEST on Friday, to be eligible.
It’s entirely up to you what you place your qualifying bets on. We can place our qualifying bets on any sport other than horse racing.
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.
So, we’ll lose a total of around £2.40 in qualifying for our £10.00 risk-free bet.
Our £10.00 risk-free bet will credited at 00:01 CEST on Saturday and will be valid until 23:59 CEST on Sunday. Our risk-free bet can only be redeemed on mobile and cannot be used on horse racing markets.
We must place our risk-free bet using our own funds by ticking the ‘Safe Bet’ checkbox on our betslip.
If our risk-free bet loses, Betsafe will refund our stake in cash. If our risk-free bet wins, the winnings will be considered bonus money and will need to be wagered once at minimum odds of 1.50 (1/2) or greater. As we’ll need to place our risk-free bets at higher odds, we shouldn’t have too much wagering to do.
If you’re unfamiliar with risk-free bets, please see my Risk-Free Bet Strategy page for a walk-through guide on how they should be done.
We should be able to extract at least 75% cash from our £10.00 risk-free bet, so approximately £7.50. If we take into consideration our total qualifying loss of £2.40, we should make a guaranteed profit of £5.10 each week on this Betsafe offer!