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£13.93 of No Risk Profit with Paddy Power

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All this means is that the information below applies to events that have long since finished. Just check out our latest matched bets for the newest and best tips!

Paddy Power are offering a nice simple free bet of £20.00, which with this matched bet will give you a guaranteed profit of £13.93! If you’ve never registered an account at Paddy Power before, then you can register to get the free bet and therefore make some profit. Read on to find how to place this no risk bet!

Matched Bet Summary

For those of you who know what you’re doing, here’s a summary of the bet. This tip is specifically for Paddy Power and Betfair.

Part 1 – Qualifying Bet Part 2 – Profit Bet
Teams Poland v Ivory Coast Liverpool v West Ham
League Internationals English Soccer - Barclays Premier League
Date Wed, 17th Nov 2010 at 19:30 Sat, 20th Nov 2010 at 17:30
Back Back Draw
with £10.00 at 3.2
Back West Ham Win
with £20.00 at 8.5
Lay Lay Draw
with £9.14 at 3.55
Lay West Ham Win
with £16.04 at 9.4
Profit £1.31 loss £15.24 profit
Overall Profit Overall, your profit is £13.93!

Step 1 – Register a Betfair Account

If you haven’t already done so, register for a free account with Betfair. They give you a completely no risk free bet of £25, so check out the Befair free bet details to find out how you can profit from this free bet.

Make sure you use the Refer and Earn Code BET234 to get your free bet.

Step 2 – Register a Paddy Power account

Paddy Power are currently offering a free bet of £20.00 when you deposit £10.00, and then place a bet of £10.00 (read more about the Paddy Power free bet). So register for the account, and just deposit £10.00.

Step 3 – Getting our free bet – The Qualifying Bet

Now that we have the betting accounts all registered, we’re ready to place our qualifying bet. This is the bet we need to place in order to trigger Paddy Power to give us a free bet, which we then use to make our profit from. Paddy Power requires us to bet at odds of 1.50 or better in order to qualify for the free bet.

This is the first match we’re interested in:

Poland v Ivory Coast
Internationals
Wed, 17th Nov 2010 at 19:30
  1. BACK Draw at Paddy Power with £10.00 at odds of 3.2
  2. LAY Draw at Betfair with £9.14 at odds of 3.55. To place this bet, hit the lay button, then enter £9.14 into the stake box, this will then show a liability of £23.31 .
  3. You will need £23.31 in your Betfair account to cover this liability.
  4. In summary, the total amount of money you need to use is £33.31 (£10.00 at Paddy Power + £23.31 at Betfair).
  5. This bet gives you a £1.31 loss.

You’ve now made a £1.31 loss but a £20.00 bet will be shortly be credited to your account at Paddy Power. So with this £20.00 free bet, we are now going to turn it into withdrawable cash.

Step 4 – The Guaranteed Profit Bet

Now that we’ve qualified for our £20.00 free bet, we want to turn that bet into cash that we can withdraw. This is the second match that we’re interested in:

Liverpool v West Ham
English Soccer - Barclays Premier League
Sat, 20th Nov 2010 at 17:30
  1. BACK West Ham Win at Paddy Power with £20.00 at odds of 8.5
  2. LAY West Ham Win with £16.04 at odds of 9.4. To place this bet, hit the lay button, then enter £16.04 into the stake box, this will then show a liability of £134.76 .
  3. You will need £134.76 in your Betfair account to cover this liability.
  4. In summary, the total amount of money you need to use is £154.76 (The free bet of £20.00 at Paddy Power + £134.76 at Betfair).
  5. This bet gives you a £15.24 profit.
Overall, your guaranteed profit is £13.93!

Have the odds changed?

If the odds have changed, you can use our matched betting calculator to work out what your stakes should be. Or you can leave a comment and we’ll update the tip.

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