BetStars Offer – Atletico Madrid v Bayern Munich

Atletico Madrid host Bayern Munich tonight and BetStars are getting in on the action! Spin & Bet £20.00 on the ‘Match Result’ market for Atletico Madrid v Bayern Munich and BetStars will give us a £5.00 free bet for each goal our team scores in the match! Translated into matched betting terms, this gives us a potential profit of £13.41 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.

Qualifying bets must be placed on the Spin & Bet Match Result market between 00:00 on Tuesday 27th September 2016 and 19:45 (kick-off) on Wednesday 28th September 2016, to be eligible.

I’ll just explain how Spin & Bet works for those of you who aren’t yet familiar with it. Spin & Bet allows us to boost our potential winnings by up to 10 times. We simply choose the Spin & Bet Market we want to place a bet on and click it to add it to our betting slip. We then enter our stake and click ‘Spin & place bet’, which will immediately multiply our potential winnings by up to 10 times.

It’s entirely up to you who you place your qualifying bet on. Having looked at the odds available, I’ve opted to place my qualifying bet on Bayern Munich.

To fund the enhanced odds jackpot, BetStars deduct 10% from every Spin & Bet stake amount. So, for this particular offer, £2.00 will be deducted from our £20.00 stake, meaning our effective stake is actually £18.00. With that in mind, we need to calculate our effective odds in order to work out the correct lay stake.

At odds of 2.625, our £18.00 bet will return £47.25. If we divide £47.25 by our actual stake of £20.00, this gives us effective odds of 2.3625.

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.

We can calculate our lay stakes 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 £17.76…

BetStars Logo

Place £20.00 on Bayern Munich @ 2.625 = Potential profit of £27.25

smarkets white

Lay £17.76 on Bayern Munich @ 2.68 = Potential liability of £29.84

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

Bayern Munich win + £27.25 – £29.84 = £2.59 loss
Bayern Munich don’t win – £20.00 + £17.41 (£17.76 minus 2% commission) = £2.59 loss

So, regardless of the result of the match, we will lose £2.59 in qualifying for our potential free bets.

Free Bets:

For every goal that Bayern Munich score in the match, we will receive a £5.00 free bet within 48 hours of our qualifying bet being settled. Free bets will be valid for 7 days.

If Bayern Munich are able to score 4 goals in the game, we would receive £20.00 in free bets, from which we would extract 80% as cash, so £16.00. If we take into account our qualifying loss of £2.59, this gives us a potential profit of £13.41 on this BetStars offer.

The above calculations assume that our potential winnings were not multiplied during the Spin & Bet. If, however, our potential winnings are multiplied during the Spin & Bet, this will significantly increase our potential profit.

* Bayern Munich lost the match 1-0, meaning I made a loss of £2.59 on this BetStars offer. *

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £70,000 worth of profit, and made it my mission to make matched betting accessible to everyone.