Potential
£19.35
 
Guaranteed
- -
 
My Profit
£7.35

Betway Offer – West Ham v Man Utd


Posted by Matt (administrator) Mon, Jan 2, 2017 10:01am Matt
Start Time: 02/01/2017 17:15

West Ham host Man Utd tonight and Betway are getting in on the action! Simply back a team to win in West Ham v Man Utd and every time your selected team scores, Betway will give us a £5.00 free bet. Translated into matched betting terms, this gives us a potential profit of £19.35 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 West Ham or Man Utd in the Win/Draw/Win market. I’ve opted to place my qualifying bet on the favourites, Man Utd.

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 £19.75…

betway

Place £20.00 on Man Utd @ 1.55 = Potential profit of £11.00

smarkets white

Lay £19.75 on Man Utd @ 1.59 = Potential liability of £11.65

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

Man Utd win + £11.00 – £11.65 = £0.65 loss
Man Utd don't win - £20.00 + £19.35 (£19.75 minus 2% commission) = £0.65 loss

So, regardless of the result of the match, we will lose £0.65 in qualifying for our potential free bets.

Free Bets:

For every goal that Man Utd score in the match, we will 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 Utd are able to score 5 goals in the game, we would receive £25.00 in free bets, from which we would extract £20.00 cash. If we take into account our qualifying loss of £0.65, this gives us a potential profit of £19.35 on this Betway offer.

* Man Utd won the match 2-0, meaning I made a profit of £7.35 on this Betway offer. *

Comments


  1. bsyne

    This is an excellent offer 🙂 Thank You

  2. Chris

    Anyone else keep getting claim error? Mean I’m gubbed?

  3. cjheaven7

    Do you have to claim the free bet? As I still have not received mine?

  4. Wilson

    This offer did seem too good to be true.
    Saw it advertised on TV and on the website too.
    They mentioned “Unfortunately the promotion was for selected customers only. You will not be receiving the free bets.” Looks like a small qualifying loss overall, was a shame since it should have been a free £10 bet too.

  5. Roachy

    I never got the free bets either…bit naughty really

Leave a Reply


Your email address will not be published. Required fields are marked *