In this guide I will cover how you can profit from the bore draw, money back offer when you’re matched betting. The bore draw offer is specific to Bet365 although other bookmakers run variations of the offer, it works in a similar way to the 2up offer and there are good profits that can be made with this offer.
How Does The Bore Draw Offer Work?
The bore draw offer is like one of the hidden gems in matched betting as it’s often overlooked in favour of the bet365 2up offer.
There is no maximum stake with the bet 365 bore draw offer which means it’s very much scalable, you could start by placing £10 bets and once comfortable with the matched betting offer you could scale up and start using £100 bets for example.
So basically, the offer works by placing a back bet in the correct score market with the bookmaker bet365, you want to bet on anything in this market except 0-0 so this could be 1-0, 0-1, 1-1 or 1-2, you get the idea.
You should then subsequently place a lay bet the same outcome that you backed on the betting exchange by using the basic matched betting calculator on OddsMonkey to provide you with the required stakes etc. You can use the OddsMatcher to help find the best matches for this offer.
If the correct score back bet loses with the bookmaker (let’s say we back 2-1 and the game doesn’t finish 2-1) and the game in question ends as a goalless bore draw which is 0-0, bet365 will refund your entire state back stake that you used to back 2-1, we can use this offer as matched bettors to lock in some big profits.
The 2 Bore Draw Offer Strategies
There are 2 strategies that can be used on this offer, the first strategy with the bore draw offer when matched betting is the no cash-out strategy, this strategy is very basic and is the easiest strategy to do so if you’re new to matched betting or if you do not like placing bets in play I would definitely stick to the no cash out strategy.
The no cash-out strategy is a low strike rate strategy meaning you will lose and take small qualifying losses commonly but win and take huge profits uncommonly.
The average amount of goals scored per game in the premier league is about 2.5 goals, with this strategy you want 0 goals to be scored throughout the entire match, as you can see this is not typical and therefore the strategy hits infrequently.
The second strategy is the cash-out strategy, this method is an inversion of the first method, it’s a high strike rate strategy that means you’re going to take small wins continuously, these wins aren’t going to be massive they’re going to be a pretty small continuous stream of profitable wins which is going to feel really good on a psychological level. You should use this strategy if you dont like variance.
Both strategies are profitable, the difference is predominantly the variance, however, I would hazard a guess as to these strategies being highly efficient, meaning if you started both these strategies on the first day of the year and run them alongside each other for the whole year you would probably find that you’d have more or less the same amount of profit come December 31st.
The No Cash-Out Strategy
As I touched on, the no cash-out strategy is probably going to be more suited to you if you’re new to matched betting and you don’t really like placing bets in play and you dont like variance as it’s nice and simple and arbitrary.
With this method you would simply find a correct score to place a back bet on, we’re going to use arsenal 2-1, you would select the back stake that you wanted to use with the bookmaker Bet365, pop that stake into the matched betting calculator on OddsMonkey, so let’s say 100 pounds just for this example.
Next, you would find the correct score back odds for whatever you were backing, in this example, Arsenal 2-1.
Let’s assume the back odds are 6.0 with the bookmaker, so of course you would put 6.0 into the back odds box on the standard calculator on OddsMonkey.
After you’ve done that you would head over to the betting exchange normally Betfair or Smarkets and locate the correct score lay odds for the same outcome, we’ll say those are 6.4, we’ll then put 6.4 into this lay odds box on the calculator.
After providing your back stake, back odds and lay odds for the correct score you’re looking to get on, the calculator will provide you with results, it will give you your overall qualifying loss which in my case will be -£6.25 as shown in the image above.
Once you’ve done this and been provided with the information, you should place your back bet on the correct score with the bookmaker bet365 and then place your lay bet on the betting exchange to cover yourself.
Once complete, sit back relax and hope that the game ends in a bore draw 0-0 result, If it doesn’t and there are goals within the game you’ll simply take your small qualifying loss provided to you by the calculator earlier, but if it does the bookmaker will refund your entire back stake.
Your profit is super easy to work out, it will be your refunded stake which is whatever you used as your back stake on the correct score with the bookmaker, minus your initial qualifying loss, simple.
For me, I would have £100 pound refunded to me by Bet365 and then I would minus the initial qualifying loss which was -£6.25 so that would have been about a £93 or £94 pound profit!
The Cash-Out Strategy
Up next up we have the cash-out strategy, the cash-out strategy is a little bit more advanced.
To cash out of the bore draw offer you should lay 0-0 on the betting exchange, confused?
If this has thrown you off a little dont worry, I will break it down for you super simply as to why this is the case.
For this strategy, you need to use the trigger bet calculator shown in the below image.
To load this calculator jump over to OddsMonkeys website and select tools, click on calculators and select the trigger bet calculator from the long list of calculators in the websites navigation menu, this calculator is a premium calculator and you will need OM premium to gain access.
Try OddsMonkey For Free by Clicking Here
This calculator is without question a little bit more advanced than the basic calculator so a little practice to start with maybe required until you master how it works.
What I recommend doing when you first load this up is removing all the figures from all the boxes, for example, back stake, free bet award, free bet retention, lay commission, trigger bet lay and lay commission. Once you’ve done that you should see most of the boxes in the profit breakdown are in red and display “NaN”.
Up next after initialising the preset on the trigger bet calculator you want to enter in your back stake, back odds, lay odds and lay commission into the necessary boxes, and then under free bet award we’re not actually looking for a free bet award we’re actually looking for a full refund, that refund amount is exactly the same as the back stake that you used with the bookmaker, in my case 100 pounds.
After you’ve done that you want to move over to this free bet retention box and again this doesn’t actually mean free bet retention, this essentially means refund retention when using the bore draw money back offer, you’re looking to retain 100% of your refund so you want to pop in 100 into the free bet retention box to inform the calculator of this information.
Next, you should enter the current lay odds for 0-0 on the betting exchange in the trigger bet lay portion of the calculator underneath lay odds for the match you have been focusing on, in my case these odds are 14.0.
Along with that, you should insert the lay commission that you pay on the exchange into the commission box.
Finally, you’ll notice that the lay stake box and the liability have both been populated after you provided the calculator with the information required.
When using the cash out this strategy you should be sure that the method box has been set to normal.
You should use this newly populated lay stake to place a lay bet on 0-0 on the betting exchange in the correct score market with whatever game you have been focusing on throughout the offer.
Once you have placed this lay bet on 0-0 and it has been fully matched you have officially cashed out of the offer.
Working Out The Profit From The Bore Draw Offer
The final stage of this offer is to figure out your profit. This is super simple, all that you need to do is cast your eyes down to the profit breakdown section of the early payout calculator, underneath the total will show you the result of cashing out of the bore draw money back offer.
It’s important to note that the longer time elapses in the game and no goals are scored, the shorter the lay odds on the 0-0 outcome will go. This will continually occur until the 90th minute where the odds will reach 1.00.
The longer you are able to hold your nerve without placing a lay bet on 0-0 to cash out, the larger your profit will be!
