This is another great offer from Paddy Power. If the match ends as a draw, Paddy Power will refund all losing First Goalscorer, Last Goalscorer, Correct Score and Scorecast singles on the match, up to a maximum of £100.00. Translated into matched betting terms, this gives us a potential profit of £21.58! And here’s how…
Whenever I do these sort of money-back offers, I always stick to the correct score market. I find the liquidity at the betting exchange is far better than goalscorer markets and I just feel more comfortable here.
We will need to select a correct score that isn’t a draw and I will explain why later. With that in mind and having looked at the odds on offer, I’ve opted for a 1-0 Man Utd win.
Step 1:
Place £100 on 1-0 Man Utd @ Paddy Power @ 8.5 = Potential profit of £750.00.
Lay £85.43 on 1-0 Man Utd @ Betfair @ 10.0 = Potential liability of £768.87.
Step 2:
Let’s have a look at our current potential profit/loss for the following outcomes…
1-0 Man Utd | £750.00 – £768.87 = -£18.87 |
Draw | +£81.16 (£85.43 minus 5% commission) *Our £100 stake is refunded |
Not Draw or 1-0 | -£100 + £81.16 = -£18.84 |
So as things stand we will win £81.16 if the game ends as a draw! Unfortunately we also stand to lose just under £19.00 if the game doesn’t end in a draw and so we need to insure ourselves against this by laying the draw at Betfair. If we had selected a correct score that was a draw such as 0-0 or 1-1, it would make the next step a lot more complicated.
Step 3:
As £18.87 is the maximum we stand to lose, we need to work out our draw lay stake by taking commission into consideration. £18.87 / 0.95 = £19.86.
Lay £19.86 on the draw @ Betfair @ 4.0 = Potential liability of £59.58.
Now let’s have a look at our overall potential profit/loss for the following outcomes…
1-0 Man Utd | -£18.87 + £18.87 = £0.00 |
Draw | £81.16 – £59.58 = £21.58 profit |
Not Draw or 1-0 | -£18.84 + £18.87 = £0.03 profit |
So, if the game isn’t drawn we break even, but if the game is drawn we make £21.58 profit for very little work!
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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.