The Rio Olympics 2016 Men’s Football gets underway today and you don’t want to miss this BetStars offer! Simply place a bet of £25.00 or more on the Outright Winner market and BetStars will give us a £5.00 free bet every time our teams wins a match in 90 minutes. Translated into matched betting terms, this gives us a potential profit of £19.99 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.
Qualifying bets must be placed prior to the tournament commencing at 17:00 on Thursday 4th August 2016. The Gold Medal match for the tournament will take place at 21:30 on Saturday 20th August 2016.
We must place a bet of £25.00 or more on the Outright Winner market. We will then receive a £5.00 free bet every time our team wins a match in 90 minutes throughout the tournament.
It’s entirely up to you who you place your qualifying bet on, but having looked at the odds available, I’ve opted to place my qualifying bet on the favourites, Brazil.
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.
You can find the Rio Olympics 2016 Men’s Football market by entering ‘Olympic football’ in the search box at the top of the homepage or by using the following link trail…
Smarkets > Football > Outright > Olympic Football 2016
We can work out our lay stake by entering our odds into my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £21.41…
Place £25.00 on Brazil @ 1.833 = Potential profit of £20.82
Lay £21.41 on Brazil @ 2.16 = Potential liability of £24.84
Let’s have a look at our potential profit/loss for the two outcomes…
| Brazil win | + £20.83 – £24.84 = £4.01 loss |
| Brazil don’t win | – £25.00 + £20.99 (£21.41 minus 2% commission) = £4.01 loss |
So, regardless of who wins the tournament, we will lose £4.01 in qualifying for our potential free bets.
Free Bets:
Free bets will be credited within 48 hours of each match ending and will be valid for 7 days.
If Brazil win their 3 group games and then their 3 potential knockout games to win Gold, we would receive £30.00 in free bets, from which we would extract 80% as cash, so £24.00.
If we take into account our qualifying loss of £4.01, this gives us a potential profit of £19.99 on this BetStars offer!
* Brazil won 3 matches in 90 minutes throughout the tournament, meaning I made a profit of £7.99 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 £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.