Bwin In Play Offer – England v Wales

It’s England v Wales on Thursday and you don’t want to miss this Bwin offer! Place a pre-match bet on England v Wales and Bwin will give us a risk-free in play bet to the same stake (up to a maximum of £50.00) on the big match. These in play offers are the best around as there are big profits to be made. We can make a guaranteed minimum profit of £26.81 on this offer and here’s how…

The Terms:

Only bets placed between 00:01 on Thursday 16th June 2016 and 14:00 on Thursday 16th June 2016 will be eligible.

We must place a pre-match bet of £20.00+ on England v Wales and then a further in play bet of £20.00+. Both bets must be placed at odds of 1.50 (1/2) or greater to be eligible.

The terms suggest that a qualifying bet of just £20.00 may be sufficient to claim the £50.00 risk-free bet, but just to be on the safe side, I think we should stick with a £50.00 qualifying bet.

Our in play bet will be risk-free. This means that we are required to place the in play bet using our own funds and if this in play bet loses, Bwin will refund it as a free bet.

Free bets will be credited within 24 hours of our qualifying bet settling and will be valid for 3 days.

There are two completely different strategies we can use to do this offer. We can either use the dutching method, where we place a back bet on all three possible results or we can use the matched betting method which uses a betting exchange to lay our two back bets.

The Dutching Method:

The first step when doing these offers, is to decide which outcome we should place our in play bet on. Based on the odds available at the time of writing, it’s most profitable to place our in play bet on a draw.

If we’re quick at kick-off, we shouldn’t have any problem getting our in play bet on at the pre-match odds. If we’re not quick, then the odds are likely to drop slightly and it’s always worth bearing that in mind when calculating our stakes.

It’s always a good idea to place our pre-match bets relatively close to kick-off. This reduces the chances of the draw odds dropping before we are able to place our in play bet.

bwin

Place £111.11 (pre-match) on England @ 1.53 = Returns £170.00

Place £50.00 (in play) on a draw @ 4.20 = Returns £210.00

unibet

Place £22.08 (pre-match) on Wales @ 7.70 = Returns £170.02

I’d like to add at this point that it’s always best to stick to round numbers when placing your bets as odd amounts such as £111.11 can easily be flagged up as a matched bet. You should instead place £50.00 on England with Bwin and then place the extra £60.00 on England with another bookmaker, especially if you can get better odds elsewhere. Similarly with the Wales bet, it’s best to stick to round numbers and place £20.00 instead.

One of the main advantages of using this dutching method is that we can often combine these in play offers with other bookmaker promotions.

Bet365 are running a very similar offer to this, the only difference being that they refund losing in play bets in cash, rather than free bets. We could therefore place our Wales bet with Bet365 and bag a risk-free in play bet.

188BET will refund losing pre-match 1 X 2 bets if a red card is shown in the game. We could therefore place our Wales bet with 188BET for a bit of extra value.

If we place our Wales bet with Paddy Power, they’ll give us a £5.00 free bet for every goal Wales score in the game.

BoyleSports are offering to refund all losing pre-match bets as a free bet up to £25.00, if either team hits the crossbar and the ball bounces back into play. Therefore, it may be worth placing our Wales bet with BoyleSports for a bit of extra value. I’ll add any other offers, as and when they become available.

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

Outcome Returns Total Outlay Overall Profit
England win 170.00 + 40.00 (extract 80% cash from £50.00 free bet refund) = 210.00 183.19 £26.81
Draw 210.00 183.19 £26.81
Wales win 170.02 + 40.00 (extract 80% cash from £50.00 free bet refund) = 210.02 183.19 £26.83

As you can see, no matter what the result of the game, we stand to make a guaranteed minimum profit of £26.81 on this Bwin in play offer! How long did that take? 10 minutes?

If you’re unsure how to extract 80% cash from any free bet, please see my free bet strategy page for a walk-through guide on how it should be done.

If the odds change between now and kick-off, which is almost a certainty, it’s really easy to recalculate your pre-match stakes.

Start by working out your returns on the in play draw bet. So, if the odds on a draw have changed to 4.00, your returns on a draw would now be £200.00.

To work out your stakes on England and Wales, you need to subtract the £40.00 (80% cash extracted from £50.00 free bet refund) from the £200.00 which gives you £160.00 and then divide the £160.00 by the odds (in decimal form) for both England and Wales to get your respective pre-match stakes. Any problems, just give me a shout!

The matched betting method:

When I’ve blogged these in play offers in the past, I’ve always recommended the dutching method, but I always receive a few emails asking why we don’t just use straightforward matched betting to bank more profit.

To answer the question, it’s absolutely fine to use matched betting for these offers but our overall profit will depend on what odds are available in play.

If you’re not yet familiar with matched betting, please read my matched betting guide for more information.

Having looked at the odds available, I’ve opted to place my qualifying bet on an England win.

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…

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 £49.35…

bwin logo

Place £50.00 on England @ 1.53 = Potential profit of £26.50

smarkets white

Lay £49.35 on England @ 1.57 = Potential liability of £28.13

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

England win + £26.50 – £28.13 = £1.63 loss
England don’t win – £50.00 + £48.37 (£49.35 minus 2% commission) = £1.63 loss

So, regardless of the result of match, we will lose £1.63 in qualifying for our £50.00 risk-free in play bet.

If you’re not sure how to extract a profit from risk-free bets, please see my risk-free bet strategy page for a walk-through guide on how it should be done.

We need to place our £50.00 risk-free in play bet using our own funds and if it loses, Bwin will refund it after the game as a free bet.

My advice is to place our in play bet at half-time. This is simply because the odds don’t fluctuate as much as when the game is live. There’s nothing worse than placing a back bet on a market and then something happens in the game that changes the odds before you have chance to get your lay bet on! Depending on the half-time score, I would have a look at the Match Odds market and if those are too short, I would then have a look at the Correct Score market.

It’s impossible to know what odds will be available until the game is live, but the following example will give you an idea of how things might pan out.

We can use the ‘Risk-Free Bet’ setting on my matched betting calculator to work out our correct lay stake. We just need to enter £40.00 as our ‘Cashback’ figure as this is the amount we can expect to extract from our £50.00 free bet refund should our in play bet lose…

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 £37.58…

bwin logoPlace £50.00 on 2-1 England @ 8.00 = Potential profit of £350.00

smarkets white

Lay £37.58 on 2-1 England @ 9.60 = Potential liability of £323.17

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

England win 2-1 + £350.00 – £323.17 = £26.83 profit
England don’t win 2-1 – £50.00 + £36.83 + £40.00 (extract from refund) = £26.83 profit

So, regardless of the result of the match, we will make £26.83 profit from our risk-free in play bet. If we take into account our qualifying loss of £1.63, we should make a profit of around £25.00 on this offer, but this all depends on what odds are available in play.

Pros and Cons of both methods:

  • The matched betting method is potentially more profitable but this depends entirely on the in play odds.
  • We can combine the dutching method with other bookmaker promotions to add value.
  • The dutching method has a lower outlay.
  • The dutching method is done and dusted once you’ve placed your in play bet at kick-off.
  • The dutching method may appeal to those who are unfamiliar with matched betting.
  • If you’re unable to place your in play bet at kickoff, the matched betting method can be done at half-time, which gives you a 15 minute window to get your bets on.

It’s entirely up to you guys which method you opt for but my preference would be the matched betting method. We can usually make a bit more profit and we can do the other bookmaker promotions separately.

 

* These in play offers are by far the best around but for those of you who have never come across matched betting, there are so many more offers to profit from. I make over £500.00 risk-free profit every month from bookmakers’ offers just like this one.  If you’re interested in finding out more, feel free to have a read of my matched betting guides. My blog is completely free to use! *

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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.