England face Pakistan at Trent Bridge today and you don’t want to miss this BetBright offer! Place a pre-match and in play bet on England v Pakistan and if our in play bet loses, BetBright will give us a free bet equal to our lowest qualifying stake. Translated into matched betting terms, this gives us a guaranteed profit of £8.00-£10.00 and here’s how…
Pre-Match Qualifying Bet:
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.
We must place a pre-match and in play bet on England v Pakistan, to be eligible. If our in play bet loses, our free bet will be equal to the lowest value of our pre-match or in play bet, up to a maximum of £20.00.
It’s entirely up to you what you place your pre-match qualifying bet on, but having looked at the odds available, I’ve opted to place it on Pakistan in the ‘Match Winner 2-Way’ market.
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…
As you can see, the calculator tells us that our lay stake should be £19.83…
Place £20.00 on Pakistan @ 3.40 = Potential profit of £48.00
Lay £19.83 on Pakistan @ 3.45 = Potential liability of £48.57
Let’s have a look at our potential profit/loss for the possible outcomes…
| Pakistan win | + £48.00 – £48.57 = £0.57 loss |
| Pakistan don’t win | – £20.00 + £19.43 (£19.83 minus 2% commission) = £0.57 loss |
So, regardless of the result of the match, we will lose £0.57 on our pre-match qualifying bet.
In Play Qualifying Bet:
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.
It’s impossible to know what odds will be available until the match gets underway, so I’ll use fictional odds in the following example and I’ll update the bottom of the post with my actual selection after the match. If we let the match progress a little and keep our eye on the Match Winner market, we should be able to find a suitable match.
Again, we can calculate our lay stake using my matched betting calculator, but this time we’ll need to select the ‘Risk-Free Bet’ setting. We can enter £16.00 as our ‘Cashback’ amount, as this is the amount we expect to extract from our £20.00 free bet if our in play qualifying bet loses…
As you can see, the calculator tells us that our lay stake should be £13.17…
Place £20.00 on Pakistan @ 5.00 = Potential profit of £80.00
Lay £13.17 on Pakistan @ 6.40 = Potential liability of £71.10
Let’s have a look at our potential profit/loss for the possible outcomes…
| Pakistan win | + £80.00 – £71.10 = £8.90 profit |
| Pakistan don’t win | – £20.00 + £12.90 + £16.00 (extract 80% from stake refund) = £8.90 profit |
So, regardless of the result of the match, we will make a profit of £8.90 on our in play bet.
If we take into account our pre-match qualifying loss of £0.57, this gives us a guaranteed profit of £8.33. Therefore, depending on the odds that are available in play, we should make a guaranteed profit of £8.00-£10.00 on this BetBright offer!
If our in play bet loses, our free bet will be credited by 11:00 on Wednesday 31st August 2016 and will be valid for 7 days.
If you’re unsure how to extract 80% from a £20.00 free bet, please see my free bet strategy page for a walk-through guide on how it should be done.
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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.