£6.00
Guaranteed Profit
£6.00
Actual Profit

League of Legends Worlds Offer – Betway


Posted by Matt (administrator) Matt
Start Time: 25/09/2020 09:00

The League of Legends World Championship 2020 is underway and you don’t want to miss this Betway risk-free offer! Simply place an in play bet on the League of Legends Worlds 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 £6.00+ and here’s how…

Key Terms:

  • Minimum stake of £5.00.
  • Maximum free bet of £10.00.
  • Applies to in play bets placed on League of Legends Worlds matches taking place between Friday 25th September 2020 and Sunday 11th October 2020.
  • 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 the League of Legends World Championship 2020.

22 teams are invited to participate. 12 teams go through to the ‘Main Event’, whilst the remaining 10 teams contest the ‘Play In’, which is basically a qualification round for the main event.

In the ‘Play In’ phase, the 10 teams are drawn into two groups of 5 teams, with the two group winners progressing to the main event. 3rd place plays 4th place from the opposite group, with the winners facing 2nd place for the last two Main Event spots.

In the Main Event, the 16 teams are drawn into four groups of 4 teams, with the top two from each group progressing to the knockout stages.

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.

It’s impossible to know what odds will be available until the matches are in play, so I’ll use fictional odds for V3 Esports to beat Rainbow7 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 £8.17…

Betway logo

Place £10.00 on V3 eSports @ 6.50 = Potential profit of £55.00

Betfair logo

Lay £8.17 on V3 Esports @ 7.00 = Potential liability of £49.02

Outcomes:

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

Outcome Bookie Exchange Free Bet Profit/Loss
V3 Esports win +£55.00 -£49.02 £5.98 profit
V3 Esports don't win -£10.00 +£8.00 +£8.00 £6.00 profit

So, with some decent odds, we’ll make a guaranteed profit of £6.00+ 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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