It’s England v India in the Cricket World Cup on Sunday and you don’t want to miss this Betway ‘Bet £5, Get £5’ offer! Simply bet £5.00+ on England v India and Betway will give us a £5.00 free bet plus 25 bonus spins on Book of Oz. Translated into matched betting terms, this gives us a guaranteed profit of £3.56 and here’s how…
Key Terms:
- The minimum qualifying stake for this offer is £5.00.
- We must place our bet on England v India, which gets underway at 10:30 on Sunday 30th June 2019.
- Qualifying bets must be placed at odds of 1.75 (3/4) or greater.
Qualifying Bet:
If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walk-through guide on how it should be done.
It’s entirely up to you what you place your qualifying bet on. Having looked at the odds available, we could place our qualifying bet on India in the Match Winner market.
At the time of writing, laying our bet at Smarkets gives us the smallest qualifying loss.
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 £4.66…
Place £5.00 on India @ 1.80 = Potential profit of £4.00
Lay £4.66 on India @ 1.95 = Potential liability of £4.42
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
Outcome | Bookie | Exchange | Profit/Loss |
---|---|---|---|
India win | +£4.00 | -£4.42 | £0.42 loss |
India don’t win | -£5.00 | +£4.56 | £0.44 loss |
So, regardless of the outcome, we’ll lose a maximum of £0.44 in qualifying for our £5.00 free bet.
Free Bet:
Our £5.00 free bet will be credited within 24 hours of our qualifying bet being placed and will be valid for 7 days. Free bet stakes will not be included in any returns.
The 25 bonus spins will also be credited within 24 hours and will be valid on the Book of Oz game.
By using straightforward matched betting, we should be able to extract 80% cash from our £5.00 free bet, so £4.00. If we take into account our maximum qualifying loss of £0.44, this gives us a guaranteed profit of £3.56 on this Betway offer!
* England won the match by 31 runs, resulting in a profit of £3.56 on this Betway offer. *
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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.