Betting

Bahrain Grand Prix 2021 Offer – Novibet | Matched Betting Blog


The 2021 Formula 1 season gets underway on Sunday with the Bahrain Grand Prix and you don’t want to miss this Novibet free bet offer! Simply place a £20.00+ single bet on the Bahrain Grand Prix winner and Novibet will give us a £10.00 free bet. Translated into matched betting terms, this gives us a guaranteed profit of £4.97 and here’s how…

Key terms

  • Applies to single bets on the Bahrain Grand Prix Race Winner market.
  • Minimum stake of £20.00.
  • Minimum odds of 2.00 (evens).

Qualifying bet

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

It’s entirely up to you which driver you place your qualifying bet on.

At the time of writing, Max Verstappen is available at back odds of 2.20 (6/5) and lay odds of 2.56.

We can calculate our lay stake using my Matched Betting Calculator

As you can see, the calculator tells us that our lay stake should be £17.32…

Place £20.00 on Max Verstappen @ 2.20 = Potential profit of £24.00

Betfair logo

Lay £17.32 on Max Verstappen @ 2.56 = Potential liability of £27.01

Outcomes

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

Outcome Novibet Betfair Profit/Loss
Max Verstappen wins + £24.00 – £27.01 £3.01 loss
Max Verstappen loses – £20.00 + £16.97 £3.03 loss

So, no matter the outcome, we’ll lose a maximum of £3.03 in qualifying for our £10.00 free bet.

Free bet

Our £10.00 free bet will be credited within 24 hours.

Using straightforward matched betting, we should be able to convert our free bet into 80% cash, so £8.00. If we take into account our maximum qualifying loss of £3.03, this gives us a guaranteed profit of £4.97 on this Novibet offer!



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