AFL Money Back Promo’s are a great way to make some cash. The Promo Arber is back providing Betfair customers with details on how to maximise corporate bookmaker promotions.
BetSmart with the Promo Arber’s instructions below.
AFL Money Back Promo’s are a great way to make some cash. The Promo Arber is back providing Betfair customers with details on how to maximise corporate bookmaker promotions.
BetSmart with the Promo Arber’s instructions below.
2015 Estimated Results: + $398
Promo Mechanic: Place a H2H bet on any match in rounds 1-8 and if your team leads at any break but lose get your money back up to $50.
Max Profit Strategy: Back (with Sportsbet) and Lay (with Betfair) the team you think will lose.
The Edge: If your team leads at any break and goes on to lose, you’ll get your stake back with Sportsbet and win your Lay bet with Betfair.
Key Considerations: Staking is very important here – you need to stake the correct amount on your Lay bet to optimise your advantage. Identifying teams that are likely to lead at a break and go onto lose can also help maximise your profitability.
Melbourne v Richmond. Sunday 24th April, 7:10pm EST
A) Place a $50 bet on Melbourne at $2.05 with Sportsbet
B) Place a $45.96 Lay bet on Melbourne at $2.28 with Betfair
If Melbourne lead at any break but lose the match:
A) $0 position ($50 stake refunded due to result)
B) $43.66 profit (45.96 Lay profit minus $2.30 with 5% exchange commission)
Result: $43.36 profit
If Melbourne fail to lead at any break and lose the match:
A) $50 loss
B) $43.66 profit (45.96 Lay profit minus $2.30 with 5% exchange commission)
Result: -$6.34
If Melbourne win the match:
A) $52.50 profit
B) $58.83 Lay loss
Result: -$6.33
(Back Stake + Winnings) / (Lay Odds – Commission)
Back Stake = The amount you Back bet with the Corporate Bookmaker
Winnings = The amount you can win from your Back Bet. (Stake x Odds) – Stake
Lay Odds = Current Lay Odds available on Betfair for the same team
Commission = Percentage Commission expressed as a decimal. 5% = 0.05
Calculating Lay Amount on Melbourne Example
Corporate Bookmaker Back Odds: 2.05
Betfair Lay Odds: 2.28
= ($50 + [($50 x $2.05) – $50)] / ($2.28 – 0.05)
= $102.5 / $2.23
= $45.96
How we could have profited using some assumptions:
Successful Cash Backs: 14 x $45.00 = + $630
Unsuccessful Cash Backs: 58 x $4.00 = – $232
Total Profit: $398
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