£5.50
Guaranteed Profit
£5.50
Actual Profit

Dota PIT Season 3 Offer – Betway


Posted by Matt (administrator) Matt
Start Time: 20/09/2020 16:00

Dota PIT Season 3 gets underway on Sunday and you don’t want to miss this Betway risk-free offer! Simply place a bet on Dota PIT and if it loses, Betway will refund our stake as a free bet, up to a maximum of £10.00. Translated into matched betting terms, this gives us a guaranteed profit of £5.50+ and here’s how…

Key Terms:

  • Minimum stake of £5.00.
  • Maximum free bet of £10.00.
  • Applies to bets placed on Dota PIT matches taking place between Sunday 20th September 2020 and Saturday 26th September 2020.
  • Applies to in play and pre-match bets.
  • If our bet loses, Betway will refund our stake as a free bet.

Event Format:

Esports tournaments can be a little confusing so I’ll start by explaining the format for this particular event.

Dota PIT Season 3 features a total of 10 teams. 6 teams are directly invited to the main event and they are as follows…

Nigma, VP.Prodigy, Team Secret, Team Liquid, OG and Alliance.

The remaining 4 teams will contest the qualifiers on Sunday 20th September 2020 to decide which 2 teams join the other 6 in the main event…

FlytoMoon v 5men (16:00)
Vikin.gg v Ninjas in Pyjamas (19:00)

The first matches of the main event are scheduled to take place on Wednesday 23rd September 2020

VP.Prodigy v Team Secret (13:00)
OG v Alliance (19:00)

Qualifying Bet:

Losing stakes are refunded as a free bet, so we can treat this as a risk-free bet offer.

We’ll need a selection with long odds in order to maximise our profit.

You’ll find the Dota PIT markets here…

Esports > All Esports > Dota 2 > OGA Dota Pit Europe

At the time of writing, the lay odds aren’t yet tight enough, so I’ll use fictional lay odds for VP.Prodigy to beat Team Secret in the following example to illustrate how this offer should be done.

At the time of writing, laying our bet with Betfair is likely to give us the biggest guaranteed profit.

Betfair are currently offering new customers 0% commission up to £500 for the first 30 days.

Banner showing the zero commission sign up offer from Betfair

Banner showing the zero commission sign up offer from Betfair

If you’re an existing Betfair customer, you can opt in to pay just 2% commission by selecting their Basic reward plan.

For more information about My Betfair Rewards and how to opt in, please see my Betfair 2% Commission page.

We can work out our lay stake by using the ‘Risk-Free Bet’ setting on my Matched Betting Calculator. We can enter £8.00 as our ‘Cashback’ figure as this is the amount we can expect to convert our £10.00 free bet into, should our selection lose…

Select bet type

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 £8.02…

Betway logo

Place £10.00 on VP Prodigy @ 8.00 = Potential profit of £70.00

Betfair logo

Lay £8.02 on Vp.prodigy @ 9.00 = Potential liability of £64.16

Outcomes:

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

Outcome Bookie Exchange Free Bet Profit/Loss
VP.Prodigy win +£70.00 -£64.16 £5.84 profit
VP.Prodigy don't win -£10.00 +£7.85 +£8.00 £5.85 profit

So, with some decent odds, we’ll make a guaranteed profit of £5.50+ on this Betway offer!

If eligible, our free bet will be credited within 24 hours of the respective match finishing and will be valid for 7 days. Free bet stakes are not included in any returns.

If you’re unsure how to convert a £10.00 free bet into £8.00 cash (80%), please see my Free Bets Guide for a walk-through of how it should be done.

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