A nice little gift from Unibet this one. With a fantastic weekend of racing lined-up, they want us to enjoy the action with them. Simply log-in to your Unibet account tomorrow on your Mobile or tablet device and they will give us a £5.00 risk-free bet on any horse race! If our first bet loses after accepting the offer, this will be returned back to our account as a bonus. Translated into matched betting terms, this gives us a potential profit of approximately £3.50. And here’s how…
We need to select a horse with fairly long odds, as we can only make a profit on this offer if our risk-free bet loses and we are credited with a free bet. With this in mind and having looked at the odds on offer, I’ve decided to back Lexis Boy in the 16:10 at Cheltenham today.
Place £5.00 on Lexis Boy @ Unibet @ 10.00 = Potential profit of £45.00
Lay £4.78 on Lexis Boy @ Betfair @10.50 – Potential liability of £45.41
Let’s have a look at our potential profit/loss for the following outcome…
| Lexis Boy wins | +£45.00 – £45.41 = £0.41 loss |
| Lexis Boy doesn’t win | -£5.00 + £4.54 (£4.78 minus 5% commission) = £0.46 loss |
If Lexis Boy doesn’t win, we should be able to extract 80% of our £5.00 free bet. So if Lexis Boy wins, we will have lost £0.41 on this offer. If Lexis Boy doesn’t win, we should make a profit of approximately £3.54.
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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.