Today’s matched betting opportunity is using Paddy Power‘s £20.00 Free Bet offer to give you a guaranteed profit of £14.30! 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. In this matched bet, we use Paddy Power and Betfair to make our profit. Read on to find how to place this no risk bet!
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 details about the free bet). So register for the account, and just deposit £10.00.
To make things easier, change the setting on Paddy Power to show decimal odds rather than fractional odds (the setting is often on the bottom left of the page).
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 PaddyPower to give us a free bet, which we then use to make our profit from. Paddy Power requires us to bet at odds of 1.5 or better (1/2 in fractions) in order to qualify for the free bet.
This is the first match we’re interested in:
- BACK Cliftonville to win at Paddy Power with £10.00 at odds of 1.57
- LAY Cliftonville at Betfair with £10.90 at odds of 1.49. To place this bet, hit the lay button, then enter £10.90 into the stake box, this will then show a liability of £5.34 .
- You will need £5.34 in your Betfair account to cover this liability, plus your stake of £10.90, which means you need a total of £5.34 in your Betfair account for this bet.
- In summary, the total amount of money you need to use is £15.34 (£10.00 at Paddy Power + £5.34 at Betfair).
- This bet gives you a £0.36 profit.
You’ve now made a £0.36 profit but a £20.00 bet will be shortly be credited to your account at PaddyPower. 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:
- BACK Hibernian to win at Paddy Power with £20.00 at odds of 5
- LAY Hibernian at Betfair with £14.68 at odds of 5.5. To place this bet, hit the lay button, then enter £14.68 into the stake box, this will then show a liability of £66.06 .
- You will need £66.06 in your Betfair account to cover this liability, plus your stake of £14.68, which means you need a total of £66.06 in your Betfair account for this bet.
- In summary, the total amount of money you need to use is £86.06 (The free bet of £20.00 at Paddy Power + £66.06 at Betfair).
- This bet gives you a £13.94 profit.
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.
