Potential Profit
Actual Profit

138 Offer – Real Madrid v Tottenham

Posted by Matt (administrator) Matt
Start Time: 17/10/2017 19:45

Tottenham face Real Madrid in the Champions League tonight and 138 are getting in on the action! If Harry Kane or Cristiano Ronaldo score first in Real Madrid v Tottenham, 138 will refund losing Exact Score, HT/FT and First/Last Goalscorer bets as a free bet, up to a maximum of £25.00. Translated into matched betting terms, this gives us a potential profit of £18.52 and here’s how…

138 Offer - Real Madrid v Tottenham

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.

Qualifying bets must be placed between 10:00 and 19:45 (kick-off) on Tuesday 17th October 2017, to be eligible.

It’s entirely up to you what you place your qualifying bet on. Having looked at the odds available, I’ve opted to place my qualifying bet on 3-1 Real Madrid in the Exact Score market.

I like to place my exchange lay bets with Smarkets as they have great liquidity in the run up to races, the site is really easy to use and they only charge 2% commission in comparison to the 5% charged by other betting exchanges.

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

Back Bet (Bookie)


Lay Bet (Betting Exchange)


Min £
Max £
Lay stake required: £
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 £24.00…

138 logo

Place £25.00 on 3-1 Real Madrid @ 11.50 = Potential profit of £262.50

smarkets white

Lay £24.00 on 3-1 Real Madrid @ 12.00 = Potential liability of £264.00

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

3-1 Real Madrid + £262.50 – £264.00 = £1.50 loss
Not 3-1 Real Madrid and Kane/Ronaldo scores first - £25.00 + £23.52 + £20.00 (extract 80% from our £25.00 free bet) = £18.52 profit
Not 3-1 Real Madrid and Kane/Ronaldo doesn't score first - £25.00 + £23.52 = £1.48 loss

So, we’ll make a nice profit of £18.52 if Real Madrid don’t win 3-1 and Kane or Ronaldo scores first and we stand to lose a maximum of £1.50 on any other outcome. Risking £1.50 to make a profit of £18.52 gives us effective odds of 13.35, which I’m sure you’ll agree, makes this a profitable offer in the long run.

If you’re unsure how to extract 80% of a £25.00 free bet, check out my Free Bet Strategy page for a walk-through guide on how it should be done.

* The match was drawn 1-1. The first goal of the game was an own goal which does not count for the purposes of this promotion. Ronaldo scored the second goal of the game, meaning I made a profit of £18.52 on this 138 offer. * 


  1. Dan

    It flashed up that Kane did score first but since amended as an own goal 🙁

    I was hoping they would credit it anyway – Wishful thinking!

  2. Jim

    Surely This bet should have won as own goals don’t count as first goal scorers

  3. Dan

    Own goals are ignored. You’re right.

    This should be a winner. Contact support. I am going to.

  4. Andrew

    Did they credit you Dan? I will contact support when im home tonight if so.

  5. N

    I’ve emailed them so will update when I get a response.

  6. Dan

    They told me free bet will be credited within 72 hours so keep looking.

  7. Mr cucumber

    Free bets are in.

  8. Dan

    Got my £25 free bet.

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