It’s Chelsea v Tottenham in today’s late kick-off and you don’t want to miss this Money Back Special from Paddy Power. Simply place a bet on selected markets and if Chelsea beat Tottenham, Paddy Power will refund all losing bets as a free bet, up to a maximum of £10.00. Translated into matched betting terms, this gives us a potential profit of £5.90 and here’s how…
Qualifying Bet:
If you’re unsure about how to place qualifying bets, check out my Qualifying Bet Strategy page for a walk-through guide on how they should be done.
Qualifying bets must be placed pre-match. The eligible markets are First/Last/Anytime Goalscorer, Correct Score and WhatOddsPaddy.
It’s entirely up to you what you place your qualifying bet on. Our best option is likely to be the Correct Score market. Having looked at the odds available, we could place our qualifying bet on a 1-1 Draw (11/2).
We can calculate our lay stakes using my matched betting calculator.
Aim to lose no more than £1.60 on our qualifying bet
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
| 1-1 draw | + £55.00 – £56.60 = £1.60 loss |
| Not a 1-1 draw and Chelsea win | - £10.00 + £8.40 + £7.50 (extract 75% from our £10.00 free bet) = £5.90 profit |
| Not a 1-1 draw and Chelsea don't win | - £10.00 + £8.40 = £1.60 loss |
So, we’ll make a nice profit of £5.90 if Chelsea win the match and we stand to lose around £1.60 on any other outcome. Risking £1.60 to make a profit of £5.90 gives us effective odds of 4.69. Given that Chelsea are odds of just 2.30 (13/10) to win the match, this is a profitable offer in the long run.
If eligible, free bets will be credited within two hours of the match ending and will be valid for 7 days on football markets.
If you’re unsure how to extract 75% of a £10.00 free bet, check out my Free Bet Strategy page for a walk-through guide on how it should be done.
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