Liverpool visit the Etihad in today’s late kick-off and Betway are getting in on the action! Simply bet £20.00 on either Man City or Liverpool to win the match and Betway will give us a £5.00 free bet for every goal our team scores! Translated into matched betting terms, this gives us a potential profit of £19.31 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.
It’s entirely up to you who you place your qualifying bet on, as long as you place it pre-match on either Man City or Liverpool in the Win/Draw/Win market. Having looked at the odds available, I’ve opted to place my qualifying bet on Man City.
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…
As you can see, the calculator tells us that our lay stake should be £19.71…
Place £20.00 on Man City @ 2.05 = Potential profit of £21.00
Lay £19.71 on Man City @ 2.10 = Potential liability of £21.68
Let’s have a look at our potential profit/loss for the possible outcomes…
| Man City win | + £21.00 – £21.68 = £0.68 loss |
| Man City don’t win | – £20.00 + £19.31 (£19.71 minus 2% commission) = £0.69 loss |
So, regardless of the result of the match, we’ll lose a maximum of £0.69 in qualifying for our potential free bets.
Free Bets:
For every goal that Man City score in the match, we’ll receive a £5.00 free bet within 24 hours of the match finishing, up to a maximum total of £25.00. Free bets will be valid for 7 days and free bet stakes are not included with any returns.
By using straightforward matched betting, we should be able to extract 80% of any free bets as cash.
Therefore, if Man City are able to score 5 goals in the game, we’ll receive £25.00 in free bets, from which we can extract £20.00 cash. If we take into account our maximum qualifying loss of £0.69, this gives us a potential profit of £19.31 on this Betway offer!
* The match was drawn 1-1, meaning I made a profit of £3.31 on this Betway offer. *
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £100,000 worth of profit, and made it my mission to make matched betting accessible to everyone.