Euro 2016 gets underway in France on 10th June 2016 and you don’t want to miss this Betway offer! Place a £25.00 bet on any player in the Euros Top Goalscorer market and Betway will give us a £5.00 free bet for every match he scores in. Translated into matched betting terms, this gives us a potential profit of £22.99 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 before 17:00 on Wednesday 15th 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 Antoine Griezmann of France.
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 £20.40…
Place £25.00 on Antoine Griezmann @ 11.00 = Potential profit of £250.00
Lay £20.40 on Antoine Griezmann @ 13.50 = Potential liability of £255.01
Let’s have a look at our potential profit/loss for the two outcomes…
| Griezmann top scores | + £250.00 – £255.01 = £5.01 loss |
| Griezmann doesn’t top score | – £25.00 + £19.99 (£20.40 minus 2% commission) = £5.01 loss |
So, regardless of whether Antoine Griezmann top scores or not, we will lose £5.01 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 match that Antoine Griezmann scores in, we will get a £5.00 free bet credited within 24 hours of the match finishing. If not used, free bets will expire 7 days after being credited.
There are 3 group matches and 4 potential knockout rounds. If Griezmann were to score in all 7 matches at Euro 2016, we would receive £35.00 in free bets, from which we would extract 80% as cash, so £28.00. If we take into account our qualifying loss of £5.01, this gives us a potential profit of £22.99 on this Betway offer!
* Antoine Griezmann scored in 4 matches at Euro 2016, meaning I made a profit of £10.99 on this Betway offer. *
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Matt Kirman – Matched 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.