A nice little New Years Day offer from Betway. Place a £5.00 bet on Swansea v Man City (12:45 GMT) as well as a further £5.00 on any of the Premier League matches scheduled for 15:00 GMT and Betway will give us a £5.00 Free Bet to use in-play on the game between Man United v Tottenham scheduled for 17:30 GMT. Translated into matched betting terms, this gives us a potential profit of over £3.00. And here’s how…
Step 1:
The terms and conditions state that our two qualifying bets must be at minimum odds of 1.25. With this is mind, I’ve decided to place my second bet on Arsenal beating Cardiff City.
Qualifying bet 1:
Place £5.00 on Man City @ Betway @ 1.7 = Potential profit of £3.50.
Lay £5.12 on Man City @ Betfair @ 1.71 = Potential liability of £3.64.
Qualifying bet 2:
Place £5.00 on Arsenal @ Betway @ 1.25 = Potential profit of £1.25
Lay £5.00 on Arsenal @ Betfair @ 1.3 = Potential liability of £1.50
Step 2:
Let’s have a look at our current potential profit/loss for the two matches…
| Man City win | +£3.50 – £3.64 = -£0.16 |
| Man City don’t win | -£5.00 + £4.86 (£5.12 minus 5% commission) = -£0.14 |
| Arsenal win | +£1.25 – 1.50 = -£0.25 |
| Arsenal don’t win | -£5.00 + £4.75 (£5.00 minus 5% commission) = -£0.25 |
So regardless of the results, we will lose a maximum of £0.41 in order to claim our free £5.00 in play bet.
Step 3:
Our account will be credited with the free bet at 5:30pm and expires at the end of the Man Utd vs Tottenham match. By using straightforward matched betting, we should be able to extract at least 75% of this free bet, so approximately £3.75. I like to place my in-play bets at half-time so that there is less chance of the odds fluctuating whilst I’m placing the bets. If we take into consideration our initial maximum loss of £0.41, we should make around £3.34 profit on this offer.
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.