England head to Euro 2016 full of youth and optimism and Betfred have them covered! Simply place a bet on England to win the 2016 European Championships and if they get knocked out of the tournament on penalties, Betfred will refund our full stake amount as cash! Translated into matched betting terms, this gives us a potential profit of £93.51 and here’s how…
Qualifying Bet:
If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walk-through guide on how they should be done.
There is no maximum stake for this offer, so it’s entirely up to you how much you stake. Our stake amount will depend on how much cash we are willing to tie up in our Smarkets account and also how big a qualifying loss we are comfortable with. I’ve opted to go with a stake of £100.00.
Qualifying bets must be placed before England get their campaign underway against Russia at 20:00 on Saturday 11th June 2016, to be eligible.
I like to place my exchange lay bets with Smarkets as they have great liquidity, the site is really easy to use and they only charge 2% commission in comparison to the 5% charged by other betting exchanges.
You can find the Euro 2016 outright market by entering ‘Euro 2016’ in the search box at the top of the homepage or by using the following link trail…
Smarkets > Football > Outright > Euro 2016
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 £95.42…
Place £100.00 on England @ 10.00 = Potential profit of £900.00
Lay £95.42 on England @ 10.50 = Potential liability of £906.49
Let’s have a look at our potential profit/loss for the possible outcomes…
| England win | + £900.00 – £906.49 = £6.49 loss |
| England lose on penalties | – £100.00 + £93.51 + £100.00 = £93.51 profit |
| England knocked out by other means | – £100.00 + £93.51 = £6.49 loss |
So, if England get knocked out of Euro 2016 on penalties, we will make a nice profit of £93.51. If England win Euro 2016 or get knocked out by any method other than penalties, we’ll have made a loss of £6.49. Risking £6.49 to make a profit of £93.51, gives us effective odds of 15.41, so given that the odds of England getting knocked out of Euro 2016 on penalties are 4.50, this is a very profitable offer in the long run.
In the event that England get knocked out on penalties, our stakes will be refunded in real cash within 24 hours of the match finishing.
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.