HOW TO TRADE OUT SPORTSBET BONUS

Hello, been a while since my last post and I have seen an offer on Sportsbet that I would like to explain how to trade for a guaranteed profit no matter who wins the game.

BY : Sportsbet
OFFER : 50% Bonus winnings if your team wins (max $50)
GAME: NRL - Cowboys @ $1.42 v Bulldogs @ $2.95
WHEN: Thursday night 21/7/16

Now there are 2 ways to approach this type of bet

1. BACK with Sportsbet and then LAY with Betfair.
2. BACK with Sportsbet and then Dutch Bet the other team.

Lets look at Option 1.

Firstly with this type of bet larger odds are always better so we will be BACKING THE BULLDOGS with Sportsbet.

So we need to find the odds of the Bulldogs that would include to $50 max win bonus

If $50 is 50% of your winning the max win you need is $100

Lets work out the odds plus the bonus
Currently Bulldogs are 2.95
Bonus is (2.95-1) * 50% = 0.975

odds with bonus 2.95 + 0.975 = $3.925 

How much do we need to bet to get a $100 win?
$100 / (2.95-1) = $51.28 (lets round down to $50)

so our bet is now 
BACK BULLDOGS $50 @ 2.95 = 147.5 less $50 stake = $97.5 winnings
plus 50% * $97.5 = $48.75 bonus

total winnings $146.25

Second part of this bet is to LAY the BULLDOGS on Betfair
(which means Back Bulldogs NOT TO WIN)

Currently Odds to LAY Bulldogs $3.05
Using a LAY Calculator http://www.trickybet.net/lay-calculator-basic 

So our 2nd bet is now
LAY BULLDOGS $65.42 @ 3.05 which is a liability of $134.11
with 5% commission

Here is our scenario

IF Bulldogs WIN

WIN $146.25 on Sportsbet
LOSE $134.11 on Betfair

RESULT $12.14 PROFIT


IF Bulldogs LOSE

LOSE $50.00 on Sportsbet
WIN $62.15 on Betfair after commission

RESULT $12.15 PROFIT

---

NOW FOR OPTION 2: 

BACK BULLDOGS $50 @ 2.95 with Sportsbet 
and Dutch Bet
BACK COWBOYS $135.34 @ 1.45 with bet365
Using a Dutch Calculator http://www.trickybet.net/dutch-2-way

Here is our 2nd scenario

IF Bulldogs WIN

WIN $146.25 on Sportsbet
LOSE $135.34 on Bet365

RESULT $10.91 PROFIT


IF Bulldogs LOSE

LOSE $50.00 on Sportsbet
WIN $60.90 on Betfair after commission

RESULT $10.90 PROFIT



So these 2 options are for a guaranteed win, but you may feel that BULLDOGS @ 3.92 is value and are prepared to RISK $50 to WIN $146.25 with the bonus.


Good Luck, I will try to post more bonus offers to trade.


Click to Bet with BET365
Click to Bet with Betfair
Click to Bet with Pinnacle
Click to use SKRILL for you eWallet