Euro 2016 is just a few days away and you don’t want to miss this BetStars offer! Place a £25.00 bet on any player in the Euro 2016 Top Goalscorer market and BetStars will give us a £5.00 free bet every time he scores throughout the tournament. Translated into matched betting terms, this gives us a potential profit of £12.85 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 between 00:00 on Monday 30th May 2016 and 20:00 on Friday 10th June 2016, to be eligible.
It’s entirely up to you who you place your qualifying bet on, but it makes sense to go for a player with fairly low odds. Not only does this give us a good chance of bagging some free bets, but it should help keep our qualifying losses to a minimum.
Having looked at the odds available, I’ve opted to place my qualifying bet on Cristiano Ronaldo of Portugal.
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 Top Goalscorer market by entering ‘Euro 2016 Top Goalscorer’ in the search box at the top of the homepage or by using the following link trail…
Smarkets > Football > Outright > Euro 2016 Top Goalscorer
We can work out our lay stake by entering our odds into my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £18.21…
Place £25.00 on Cristiano Ronaldo @ 7.00 = Potential profit of £175.00
Lay £18.21 on Cristiano Ronaldo @ 10.00 = Potential liability of £182.15
Let’s have a look at our potential profit/loss for the two outcomes…
| Ronaldo top scores | + £175.00 – £182.15 = £7.15 loss |
| Ronaldo doesn’t top score | – £25.00 + £17.85 (£18.21 minus 2% commission) = £7.15 loss |
So, regardless of whether Cristiano Ronaldo top scores or not, we will lose £7.15 in qualifying for our potential free bets.
NOTE: It’s worth pointing out that if we select different players for the various different bookmaker Top Goalscorer offers, this will help reduce our overall liability at Smarkets and if one of our selections wins, we will not pay quite as much commission as we only pay commission on net profits.
Free Bets:
For every goal that Cristiano Ronaldo scores, we will get a £5.00 free bet credited within 24 hours. Free bets will be valid for 7 days and free bet stakes are not returned with any winnings.
With Portugal having a favourable group, Ronaldo has every chance of bagging some goals at Euro 2016. If Ronaldo were to score 5 goals at Euro 2016, we would receive £25.00 in free bets, from which we would extract 80% as cash, so £20.00. If we take into account our qualifying loss of £7.15, this gives us a potential profit of £12.85 on this BetStars offer!
* Cristiano Ronaldo scored 3 goals at Euro 2016, meaning I made a profit of £4.85 on this BetStars offer. *
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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.