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Schalke v Excel Offer – Betway

It’s Schalke v Excel in the LEC Spring Split on Saturday and you don’t want to miss this Betway free bet offer! Simply place a single bet of up to £10.00 on Schalke v Excel and Betway will match our stake as a free bet. Translated into matched betting terms, this gives us a guaranteed profit of £6.83 and here’s how…

Key terms

  • Applies to single bets on any Schalke v Excel market.
  • Minimum odds of 1.25 (1/4).
  • Maximum free bet of £10.00.

Qualifying bet

If you’d like more information about qualifying bets and how they work, please see my qualifying bets guide.

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 Excel in the Match Winner market.

Either exchange works for this offer

Betfair and Smarkets are both great options for this offer. If you’ve not used one of them, now is a great time to give them a try.

  • Money back as cash up to £20
  • 0% commission for 60 days

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 £9.02…

Betway logo

Place £10.00 on Excel @ 2.20 = Potential profit of £12.00

Betfair logo

Lay £9.02 on Excel @ 2.46 = Potential liability of £13.16

Outcomes

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

OutcomeBetwayBetfairProfit/Loss
Excel win+ £12.00– £13.16£1.16 loss
Schalke win– £10.00+ £8.83£1.17 loss

So, no matter the outcome, we’ll lose a maximum of £1.17 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.

Using straightforward matched betting, we should be able to convert our free bet into 80% cash, so £8.00. If we take into account our maximum qualifying loss of £1.17, this gives us a guaranteed profit of £6.83 on this Betway offer!

* Excel beat Schalke 1-0, resulting in a profit of £6.84 on this Betway offer. *

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £90,000 worth of profit, and made it my mission to make matched betting accessible to everyone.