£6.90
Guaranteed Profit
£6.90
Actual Profit

Origen v Schalke Offer – Betway


Posted by Matt (administrator) Matt
Start Time: 01/08/2020 16:00

It’s Origen v Schalke 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 Origen v Schalke and Betway will give us a £10.00 free bet. Translated into matched betting terms, this gives us a guaranteed profit of £6.90 and here’s how…

Key Terms:

  • We must place a single bet on any Origen v Schalke 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 Origen 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.

Banner showing the £10 welcome bonus offer from Smarkets

Banner showing the £10 welcome bonus offer from Smarkets

We can calculate our lay stake using my matched betting calculator…

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 £9.09…

Betway logo

Place £10.00 on Origen @ 1.50 = Potential profit of £5.00

Smarkets logo

Lay £9.09 on Origen @ 1.67 = Potential liability of £6.09

Outcomes:

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

Outcome Bookie Exchange Profit/Loss
Origen win +£5.00 -£6.09 £1.09 loss
Origen don't win -£10.00 +£8.90 £1.10 loss

So, regardless of the outcome, we’ll lose a maximum of £1.10 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 £1.10, this gives us a guaranteed profit of £6.90 on this Betway offer!

* Schalke won the match 1-0, resulting in a profit of £6.90 on this Betway offer. *

Comments


  1. Max

    Guest user

    Right now the odds for Excel are awful right? But the odds for Schalke appear to be a huge arb.

    +0
    Reply
    1. Max

      Guest user

      I messed up haha. I placed a bet on the League of Legends team Schalke. Funny stuff.

      +0
      Reply
      1. Matt

        340

        Yes the eSports fixtures can be a little confusing Max.

        It’s not always the case but if something appears too good to be true, it often is.

        +0
        Reply

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