Arsenal v Chelsea Offer – Bet365

It’s Arsenal v Chelsea in the Premier League on Boxing Day and you don’t want to miss this Bet365 free bet offer! Place a pre-match single bet on Arsenal v Chelsea and Bet365 will give us a free bet equal to our largest pre-match bet, up to £50.00, to use in play. Translated into matched betting terms, this gives us a guaranteed profit of £34.52 and here’s how…

Key Terms:

  • This offer is invite only, available to customers who have received the promotional email, web message, text message, pop-up or mobile notification.
  • We must place our qualifying bet on Arsenal v Chelsea before 17:30 (kick-off) on Saturday 26th December 2020.
  • We’ll receive a free bet equal to our largest pre-match stake, up to a maximum of £50.00.
  • The free bet will only become available once the match has kicked off.

Qualifying Bet:

If you’d like more information about qualifying bets and how they work, please see my qualifying bets guide.

We should place our qualifying bet on either team to win as that will also qualify us for Bet365’s 2 Goals Ahead Early Payout Offer, where they’ll pay us out if our selected team goes two goals ahead, regardless of the final result. Early payout offers are well worth a look if you haven’t already!

Having looked at the odds available, we could place our qualifying bet on Chelsea in the Full Time Result market.

We can calculate our lay stake using the ‘Qualifying Bet‘ setting on my Matched Betting Calculator…

As you can see, the calculator tells us that our lay stake should be £47.98…

bet365 logo

Place £50.00 on Chelsea @ 1.90 = Potential profit of £45.00

Betfair logo

Lay £47.98 on Chelsea @ 2.00 = Potential liability of £47.98

Let’s have a look at our potential profit/loss for the possible outcomes…

Outcome Bet365 Betfair Profit/Loss
Chelsea win + £45.00 – £47.98 £2.98 loss
Chelsea lose or draw – £50.00 + £47.02 £2.98 loss

So, regardless of whether Chelsea win, lose or draw, we’ll lose £2.98 in qualifying for our £50.00 free bet.

Free Bet:

Our £50.00 free bet will only become available once the match starts and must be used in play. Free bet stakes are not included in any returns.

It’s impossible to know what odds will be available until the match has kicked off, but we should be aiming to convert our £50.00 free bet into around 75% cash, so £37.50.

If you’re unsure how to convert free bets into cash, please see my free bets guide for a walkthrough of how it should be done.

I’ll use back odds odds 8.50 and lay odds of 9.80 for 2-1 Chelsea in the following example to illustrate how things should pan out.

We can calculate our lay stake using the ‘Free Bet‘ setting on my Matched Betting Calculator…

As you can see, the calculator tells us that our lay stake should be £38.34…

bet365 logo

Place £50.00 on 2-1 Chelsea @ 8.50 = Potential profit of £375.00

Betfair logo

Lay £38.34 on 2-1 Chelsea @ 9.80 = Potential liability of £337.39

Let’s have a look at our potential profit/loss for the possible outcomes…

Outcome Bet365 Betfair Profit/Loss
Chelsea win 2-1 + £375.00 – £337.39 £37.61 profit
Chelsea don’t win 2-1 Free bet + £37.57 £37.57 profit

So, with some decent odds, we’ll convert our £50.00 free bet into around £37.50 cash.

If we take into account our qualifying loss of £2.98, this gives us a guaranteed profit of £34.52 on this Bet365 offer!

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