It’s Arsenal v Tottenham on Sunday and you don’t want to miss this First Goal Wins offer from Betway! Simply bet up to £20.00 on Arsenal or Tottenham to win the match and if our selected team scores first, Betway will pay us out as a winner, in cash, no matter the final result! Translated into matched betting terms, this gives us a potential profit of £56.45 and here’s how…
Key Terms:
- Minimum and maximum stakes of £5.00 and £20.00 respectively.
- Qualifying single bets must be placed on Arsenal or Tottenham in the Win/Draw/Win market.
- Qualifying bets must be placed before 16:30 (kick-off) on Sunday 1st September 2019.
- If our selected team score first but don’t win, Betway will pay our bet out in cash, within 24 hours.
Qualifying Bet:
If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walk-through guide on how it should be done.
Having looked at the odds available, we could place our qualifying bet on Tottenham in the Win/Draw/Win market.
If Tottenham score first and go on to draw or lose the match, Betway will pay our bet out as a winner, in cash.
At the time of writing, laying our bet at Smarkets gives us the smallest qualifying loss.
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 £18.83…
Place £20.00 on Tottenham @ 2.90 = Potential profit of £38.00
Lay £18.83 on Tottenham @ 3.10 = Potential liability of £39.54
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
Outcome | Bookie | Exchange | Profit/Loss |
---|---|---|---|
Tottenham score first and win | +£38.00 | -£39.54 | £1.54 loss |
Tottenham score first and don’t win | +£38.00 | +£18.45 | £56.45 profit |
Tottenham don’t score first and win | +£38.00 | -£39.54 | £1.54 loss |
Tottenham don’t score first and don’t win | -£20.00 | +£18.45 | £1.55 loss |
So, if Tottenham score first and go on to draw or lose the game, we’ll receive cash returns of £58.00, giving us a profit of £38.00 at Betway. We’ll also win £18.45 from our lay bet at Smarkets, giving us an overall potential profit of £56.45!
Any other outcome and we’ll lose a maximum of £1.55. Risking £1.55 to make a profit of £56.45, gives us effective odds of 37.42, which I’m sure you’ll agree, makes this a profitable offer in the long run.
If eligible, our cash winnings will be credited within 24 hours of the match ending.
Note: If your team scores first, you can either let it run as above or place an extra back bet on them to lock in a profit. If you decide to guarantee a profit, you just need to divide the sum of your potential loss and potential profit by the back odds. For example, if the back odds are 1.80 (4/5), you would divide £57.99 (£1.54 + £56.45) by 1.80, giving you a back stake of £32.22 and a guaranteed profit of £24.23.
* Tottenham scored first and went on to draw the match 2-2, resulting in a profit of £56.45 on this Betway offer. *
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Shaun
Guest userBetway seem to have stake limited me to a random £4.43 lol
Art
Guest userHas anyone here NOT yet been gubbed by Betway in some form? 😝
Steve55
Guest userThis was the first site to gub me when I first started two years ago…as soon as I completed the joining offer!!!! Now they roll out decent reloads so every time I see one posted i silently curse!!!
Dave The Rave
Guest userWhy is the second option only showing £18 from the bookie as profit?
Also, yes I was gubbed a while ago. Paddy Power gubbed me recently too.
Jack
Guest userAre you sure they don’t give your stake back on this one? Pretty sure they gave me mine
Mat
Guest userI got my stake back also, unless im missing something.
Matt
1486Thanks for confirming guys, post updated.
Kenny rogers 777
Guest userIm gubbed but thought i could still do this with the restricted stake. Lools like a no. Only cost me 20p to find out. Doubt ill use these again