888sport – Newcastle v Chelsea Offer
It's Newcastle v Chelsea in the Premier League on Saturday, and you don't want to miss this 888sport offer! Place a £1+ 'Bet Builder' on Newcastle v Chelsea, and if your bet loses, 888sport will refund your stake as a free bet up to £10. Read full guide. The post 888sport – Newcastle v Chelsea Offer appeared first on Matched Betting Blog.
Sportsman
It’s Newcastle v Chelsea in the Premier League on Saturday, and you don’t want to miss this 888sport offer! Place a £1.00+ ‘Bet Builder’ on Newcastle v Chelsea, and if your bet loses, 888sport will refund your stake as a free bet up to £10.00. Translated into matched betting terms, this gives you a profit of £4.76 and here’s how…
Key terms
- The promotional period for this offer is Friday 11th November 2022 to Saturday 12th November 2022.
- Applies to ‘Bet Builder‘ bets on Newcastle v Chelsea (17:30 on Saturday 12th November 2022).
- Applies to your first bet only.
- Minimum stake of £1.00.
- Minimum odds of 3.00 (2/1).
- If your bet loses, your stake will be refunded as a free bet up to £10.00 within 72 hours of settlement.
- The free bet will be valid for 7 days.
- The free bet stake will not be returned with any winnings.
Qualifying bet
If your bet loses, your stake will be refunded as a free bet, so you can treat this as a ‘Money Back if Bet Loses‘ offer.
You’ll need to build a bet that you can lay at a betting exchange in one bet. Please see my ‘Bet Builders‘ guide for more information about them and possible selections.
At the time of writing, ‘Draw (Result) / Under 2.5 (Total goals)‘ is available to back at odds of 4.10 (31/10).
You can lay ‘Draw/Under 2.5 Goals‘ in Betfair’s ‘Match Odds and Over/Under 2.5 Goals‘ market at odds of 4.80.
If your qualifying bet is placed at odds of 5.00 (4/1) or greater and wins, 888sport will give you a £5.00 free bet, courtesy of their daily ‘4/1 Winner Offer’.
Either exchange works for this offer
Betfair and Smarkets are both great options for this offer. If you’ve not used one of them, now is a great time to give them a try.
- 2% commission for all new signups
- 0% commission for 60 days
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 this is the amount you can expect to convert your £10.00 free bet into, should your bet lose.
Back Bet (Bookie)
Lay Bet (Betting Exchange)
Optimal Underlay
Lay stake required: £
Exchange liability: £
If lay (exchange) bet wins: £
Optimal Overlay
Lay stake required: £
Exchange liability: £
If lay (exchange) bet wins: £
As you can see, the calculator tells you that your lay stake should be £6.90.
Place £10.00 on ‘Draw / Under 2.5’ @ 4.10 = Potential profit of £31.00
Lay £6.90 on ‘Draw/Under 2.5 Goals’ @ 4.80 = Potential liability of £26.22
Outcomes
Let’s look at your profit/loss for the possible outcomes.
So, no matter the outcome, you’ll make a minimum profit of £4.76 on this 888sport offer!
If your qualifying bet loses, your free bet will be credited within 72 hours of settlement. Your free bet will be valid for 7 days, and the free bet stake will not be returned with any winnings.
If you’re unsure how to convert a free bet into 80% cash, please see my ‘Free Bets Guide‘ for a walkthrough.
The post 888sport – Newcastle v Chelsea Offer appeared first on Matched Betting Blog.
