BetStars Offer – Man City v Barcelona

Manchester City welcome Barcelona to the Etihad on Tuesday and BetStars are getting in on the action! Spin & Bet £20.00 on the ‘Match Result’ market for Manchester City v Barcelona 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 £10.01 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 Monday 31st October 2016 and 19:45 (kick-off) on Tuesday 1st November 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 Barcelona.

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 2.35, our £18.00 bet will return £42.30. We also know that if Barcelona win, we will receive at least one £5.00 free bet, from which we can extract £4.00 cash, giving us total minimum returns of £46.30. If we divide £46.30 by our actual stake of £20.00, this gives us effective odds of 2.315.

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 £18.37…

BetStars Logo

Place £20.00 on Barcelona @ 2.315 = Potential profit of £26.30

smarkets white

Lay £18.37 on Barcelona @ 2.54 = Potential liability of £28.29

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

Barcelona win + £26.30 – £28.29 = £1.99 loss
Barcelona don’t win – £20.00 + £18.01 (£18.37 minus 2% commission) = £1.99 loss

So, regardless of the result of the match, we will lose £1.99 in qualifying for our potential free bets.

Free Bets:

For every goal that Barcelona 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 Barcelona are able to score 4 goals in the game, we would receive a further £15.00 in free bets (we’ve already accounted for one goal in our earlier workings), from which we would extract 80% as cash, so £12.00. If we take into account our qualifying loss of £1.99, this gives us a potential profit of £10.01 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.

* Barcelona lost the match 3-1, meaning I made a profit of £2.01 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.