Kick-off time (GMT): 02/01/2017 : 17:15
West Ham host Man Utd tonight and Betway are getting in on the action! Simply back a team to win in West Ham v Man Utd and every time your selected team scores, Betway will give us a £5.00 free bet. Translated into matched betting terms, this gives us a potential profit of £19.35 and here’s how…
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.
It’s entirely up to you who you place your qualifying bet on, as long as you place it pre-match on either West Ham or Man Utd in the Win/Draw/Win market. I’ve opted to place my qualifying bet on the favourites, Man Utd.
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 stakes using my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £19.75…
Place £20.00 on Man Utd @ 1.55 = Potential profit of £11.00
Lay £19.75 on Man Utd @ 1.59 = Potential liability of £11.65
Let’s have a look at our potential profit/loss for the possible outcomes…
|Man Utd win||+ £11.00 – £11.65 = £0.65 loss|
|Man Utd don't win||- £20.00 + £19.35 (£19.75 minus 2% commission) = £0.65 loss|
So, regardless of the result of the match, we will lose £0.65 in qualifying for our potential free bets.
For every goal that Man Utd score in the match, we will receive a £5.00 free bet within 24 hours of the match finishing, up to a maximum total of £25.00. Free bets will be valid for 7 days and free bet stakes are not included with any returns.
By using straightforward matched betting, we should be able to extract 80% of any free bets as cash.
Therefore, if Man Utd are able to score 5 goals in the game, we would receive £25.00 in free bets, from which we would extract £20.00 cash. If we take into account our qualifying loss of £0.65, this gives us a potential profit of £19.35 on this Betway offer.
* Man Utd won the match 2-0, meaning I made a profit of £7.35 on this Betway offer. *