It’s Tottenham v Leicester in the Premier League on Saturday, and Betfair are getting in on the action! Place an Exchange bet of up to £10.00 on Tottenham to win the match, and if your bet loses, your stake will be refunded as a free bet. Translated into matched betting terms, this gives you a profit of £2.43 and here’s how…
Place an Exchange bet of up to £10.00 on ‘Spurs to win‘ in Tottenham v Leicester.Applies to bets placed between 00:00 on Friday 16th September 2022 and kick-off (17:30) on Saturday 17th September 2022.Applies to your first bet placed on the selected market only.Applies to back bets only; lay bets do not qualify.Money back as a free bet if your bet loses.Betfair Rewards ‘Basic’ customers are excluded from this promotion.If eligible, your free bet will be credited within 24 hours.The free bet will be valid on any football market for 7 days.
If your qualifying bet loses, Betfair will refund your stake as a free bet, so you can treat this as a ‘Money Back if Bet Loses‘ offer.
You can work out your lay stake using the ‘Money Back if Bet Loses‘ setting on my Matched Betting Calculator. You can enter ‘£8.00‘ as your ‘Cashback’ figure as that is the amount you can expect to convert your £10.00 free bet into, should your bet lose.
As you can see, the calculator tells you that your lay stake should be £4.53.
Place £10.00 on ‘Spurs to win’ @ 1.50 = Potential profit of £4.75
Lay £4.53 on ‘Tottenham’ (Full-time result) @ 1.51 = Potential liability of £2.31
Let’s look at your profit/loss for the possible outcomes.
OutcomeBetfairExchangeFree BetProfit/LossTottenham win+ £4.75– £2.31£2.44 profitTottenham lose or draw– £10.00+ £4.43+ £8.00£2.43 profit
So, no matter the outcome, you’ll make a minimum profit of £2.43 on this Betting Exchange offer!
If you’re unsure how to convert your £10.00 free bet into £8.00 cash (80%), please see my ‘Free Bets Guide‘ for a walkthrough.
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