BetStars Offer – Champions League Round of 16

The Champions League returns this week and BetStars are getting in on the action! Place a pre-match bet on any of this week’s Champions League fixtures and if the match ends in a draw, BetStars will refund losing Match Result & Both Teams To Score, First/Last Goalscorer, Correct Score and HT/FT bets as a free bet up to a maximum of £25.00 per match. Translated into matched betting terms, this gives us a potential profit of £70.80 and here’s how…

Qualifying Bet:

If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walk-through guide on how they should be done.

We need to place our qualifying bets on selections that don’t see the games resulting in a draw. This ensures that if the match is drawn, we will automatically be eligible for a free bet refund as our qualifying bet will have lost.

It’s entirely up to you what you place your qualifying bets on. Having looked at the odds available for the PSG v Chelsea game, I’ve opted to place my qualifying bet on PSG/PSG in the Half-time/Full-time market.

I like to place my exchange lay bets with Smarkets as they have great liquidity, the site is really easy to use and they only charge 2% commission in comparison to the 5% charged by other betting exchanges.

We can calculate our lay stake using my matched betting calculator…

Back Bet (Bookie)

%

Lay Bet (Betting Exchange)

%

Min £
Max £
Lay stake required: £
Bookie
Exchange
Cashback
Total
If back (bookie) bet wins
£
£
£
= £
If lay (exchange) bet wins
£
£
£
= £
Total profit: £

Optimal Underlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

Optimal Overlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

As you can see, the calculator tells us that our lay stake should be £23.16…

BetStars Logo

Place £25.00 on PSG/PSG @ 2.65 = Potential profit of £41.25

smarkets whiteLay £23.16 on PSG/PSG @ 2.88 = Potential liability of £43.55

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

PSG/PSG + £41.25 – £43.55 = £2.30 loss
Not PSG/PSG and game drawn – £25.00 + £22.70 + £20.00 (extract 80% from our £25.00 free bet) = £17.70 profit
Not PSG/PSG and game not drawn – £25.00 + £22.70 = £2.30 loss

So, if the match is a draw, we will make a nice profit of £17.70. Any other outcome and we’ll have lost £2.30. Risking £2.30 to make a profit of £17.70, gives us effective odds of 8.70, so given the fact that the odds of a draw are only 3.85, this is a very profitable offer over time.

This offer is available on all four Champions League matches this week, giving us a potential overall profit of £70.80 on this BetStars offer. I’ll update the bottom of this post with my actual selections on the other three games after the matches have been played.

Free bets will be credited within 48 hours of each match ending and will expire after 7 days. If you’re unsure how to extract 80% of our £25.00 free bet, check out my Free Bet Strategy page for a walk-through guide on how it should be done.

* A couple of near misses on the Tuesday night but unfortunately, none of the four ties were drawn, meaning I made a qualifying loss of £10.28 on this offer. *

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £70,000 worth of profit, and made it my mission to make matched betting accessible to everyone.