It’s SK Gaming v Schalke 04 in the LEC Summer Split on Saturday and you don’t want to miss this Betway free bet offer! Simply place a single bet on SK Gaming v Schalke 04 and Betway will give us a £10.00 free bet. Translated into matched betting terms, this gives us a guaranteed profit of £6.85 and here’s how…
Key Terms:
- We must place a single bet on any SK Gaming v Schalke 04 market.
- Qualifying bets must be placed at odds of 1.25 (1/4) or greater.
- Maximum matched free bet of £10.00.
Qualifying Bet:
If you’re unsure about how to place qualifying bets, check out 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. Having looked at the odds available, we could place our qualifying bet on SK Gaming in the Match Winner market.
At the time of writing, laying our bet with Smarkets gives us the smallest qualifying loss.
If you’re not yet signed up, Smarkets are currently offering a £10.00 welcome bonus for new customers.
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 £9.04…
Place £10.00 on SK Gaming @ 1.50 = Potential profit of £5.00
Lay £9.04 on SK Gaming @ 1.68 = Potential liability of £6.14
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
| Outcome | Bookie | Exchange | Profit/Loss |
|---|---|---|---|
| SK Gaming win | +£5.00 | -£6.14 | £1.14 loss |
| SK Gaming don’t win | -£10.00 | +£8.85 | £1.15 loss |
So, regardless of the outcome, we’ll lose a maximum of £1.15 in qualifying for our £10.00 free bet.
Free Bet:
Our £10.00 free bet will be credited within 24 hours of our qualifying bet being settled and will be valid for 7 days. Free bet stakes are not included in any returns.
By using straightforward matched betting, we should be able to extract 80% cash from our £10.00 free bet, so £8.00. If we take into account our maximum qualifying loss of £1.15, this gives us a guaranteed profit of £6.85 on this Betway offer!
* SK Gaming beat Schalke 04 1-0, resulting in a profit of £6.86 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.