England kick-off their Euro 2016 campaign against Russia on Saturday and you don’t want to miss this Bwin offer! Simply place a pre-match bet on England to beat Russia (1×2 market) and if Russia win the game, Bwin will give us our money back as a free bet, up to a maximum of £50.00. Translated into matched betting terms, this gives us a minimum guaranteed profit of £6.20 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 on England to win (1×2 market) before the game kicks off at 20:00 on Saturday 11th June 2016, to be eligible.
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 £49.48…
Place £50.00 on England @ 1.91 = Potential profit of £45.50
Lay £49.48 on England @ 1.95 = Potential liability of £47.01
Let’s have a look at our potential profit/loss for the possible outcomes…
| England win | + £45.50 – £47.01 = £1.51 loss |
| Russia win | – £50.00 + £48.49 + £40.00 (extract 80% from stake refund) = £38.49 profit |
| Draw | – £50.00 + £48.49 = £1.51 loss |
So, as things stand, if Russia beat England, we will make a nice profit of £38.49. If England win or the game is drawn, we’ll have made a loss of £1.51.
By placing an extra lay bet on Russia to win, we can actually guarantee ourselves a profit on any outcome. In order to work out our lay stake, we just need to divide £40.00 (the amount we expect to extract from our £50.00 free bet refund) by 5.08 (lay odds – 0.02 (to account for the 2% commission)) which gives us £7.87…
Lay £7.87 on Russia @ 5.10 = Potential liability of £32.26
Let’s have a look at our overall profit/loss for the possible outcomes…
| England win | – £1.51 + £7.71 = £6.20 profit |
| Russia win | £38.49 – £32.26 = £6.23 profit |
| Draw | – £1.51 + £7.71 = £6.20 profit |
So, regardless of the result of the match, we will make a minimum guaranteed profit of £6.20 on this Bwin offer!
Free bets will be credited within 48 hours and will be valid for 7 days. The free bet stake will not be returned with any winnings.
If you’re unsure how to extract 80% of our £50.00 free bet refund, please see my free bet strategy page for a walk-through guide on how it should be done.
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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.