The Semi-Finals of Euro 2016 commence tonight and BetStars are getting in on the action! Simply place a £20.00 bet on Portugal v Wales and BetStars will give us a £5.00 free bet to use on Germany v France. Translated into matched betting terms, this gives us a guaranteed profit of £3.42 and here’s how…
Qualifying Bet:
If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy for a walk-through guide on how they should be done.
To qualify for the £5.00 free bet, we must place a £20.00 bet at odds of 1.50 (1/2) or greater, on Portugal v Wales, which kicks off at 20:00 tonight (Wednesday 6th July 2016).
Having looked at the odds available, I’ve opted to place my qualifying bet on Portugal in the Match Result 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…
As you can see, the calculator tells us that our lay stake should be £19.82…
Place £20.00 on Portugal @ 2.20 = Potential profit of £24.00
Lay £19.82 on Portugal @ 2.24 = Potential liability of £24.58
Let’s have a look at our potential profit/loss for the possible outcomes…
Portugal win | + £24.00 – £24.58 = £0.58 loss |
Portugal don’t win | – £20.00 + £19.42 (£19.82 minus 2% commission) = £0.58 loss |
So, regardless of the result of the match, we will lose £0.58 in qualifying for our £5.00 free bet.
Free Bet:
Our £5.00 free bet must be used on Germany v France, which kicks off at 20:00 on Thursday 7th July 2016.
By using straightforward matched betting, we should be able to extract 80% of our £5.00 free bet as cash, so around £4.00. If we take into consideration our qualifying loss of £0.58, this gives us a guaranteed profit of £3.42 on this BetStars offer!
More reload offers – Make £300+ per month
With detailed walkthroughs for all the best offers as they’re released, you’ll be bagging recurring profits in no time.
More reload offers
Got a question?
Leave me a comment below…
I usually respond within 24 hours.
Matt Kirman – Matched 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.