Bwin Offer – Crystal Palace v West Ham

Crystal Palace host West Ham in the late kick-off today and Bwin are getting in on the action! Simply bet £20.00 on the Half-Time/Full-Time market for Crystal Palace v West Ham and Bwin will give us a £2.00 free bet for every goal scored in the match! Translated into matched betting terms, this gives us a potential profit of £5.06 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.

It’s entirely up to you what you place your qualifying bet on, as long as you place it on the Half-Time/Full-Time market. Having looked at the odds available, I’ve opted to place my qualifying bet on West Ham/West Ham.

I like to place my exchange lay bets with Smarkets as they have great liquidity in the run up to races, 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 £17.41…

bwin logo

Place £20.00 on West Ham/West Ham @ 6.25 = Potential profit of £105.00

smarkets white

Lay £17.41 on West Ham/West Ham @ 7.20 = Potential liability of £107.94

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

West Ham/West Ham + £105.00 – £107.94 = £2.94 loss
Not West Ham/West Ham – £20.00 + £17.06 (£17.41 minus 2% commission) = £2.94 loss

So, regardless of the outcome, we will lose £2.94 in qualifying for our potential free bets.

Free Bets:

For every goal scored in the match, we will receive a £2.00 free bet (up to a maximum of £10.00) within 30 minutes of the final whistle. Free bets will be valid for 7 days.

If there are 5 goals in the game, we would receive £10.00 in free bets, from which we would extract 80% as cash, so £8.00. If we take into account our qualifying loss of £2.94, this gives us a potential profit of £5.06 on this Bwin offer.

* West Ham won the match 1-0, meaning I made a loss of £1.34 on this Bwin offer. *

Got a question?
Leave me a comment below

I usually respond within 24 hours.

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.