It’s Real Madrid v Chelsea in the Champions League on Wednesday night, and Betfair are getting in on the action! Place an Exchange bet of up to £10.00 on ‘Real Madrid to win’, 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 £3.23 and here’s how…
Key terms
- Available to selected customers only.
- You must opt in before you place your qualifying bet.
- Place an Exchange bet of up to £10.00 on ‘Real Madrid to win in 90 mins‘.
- Applies to bets placed between 12:00 on Tuesday 11th April 2023, and 20:00 (kick-off) on Wednesday 12th April 2023.
- 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 exchange market for 7 days.
Qualifying bet
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 £5.23.
Place £10.00 on ‘Real Madrid to win in 90 mins’ @ 1.77 = Potential profit of £7.31
Lay £5.23 on ‘Real Madrid’ (Full-time result) @ 1.78 = Potential liability of £4.07
Outcomes
Let’s look at your profit/loss for the possible outcomes.
| Outcome | Betfair | Exchange | Free Bet | Profit/Loss |
|---|---|---|---|---|
| Real Madrid win | + £7.31 | – £4.07 | £3.24 profit | |
| Real Madrid lose or draw | – £10.00 | + £5.23 | + £8.00 | £3.23 profit |
So, no matter the outcome, you’ll make a minimum profit of £3.23 on this Betfair 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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