Bwin Free Bet Offer – Germany v Portugal

Say hello to this cracker of a Bwin free bet offer!  Back Germany to beat Portugal and if Portugal win, Bwin will refund our stake as a free bet up to a maximum of £50.00!  Translated into matched betting terms, this gives us a potential profit of £18.41 and here’s how…

Qualifying bet

If you’re unsure about how to place qualifying bets, check out my Qualifying Bet Strategy page for a walkthrough guide on how it should be done.

bwin

Place £50.00 on Germany @ 2.00 = Potential profit of £50.00

betfair

Lay £46.95 on Germany @ 2.18 = Potential liability of £55.40

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

Germany win

+£50.00 – £55.40 = £5.40 loss

Portugal win

-£50.00 + £44.60 + £40.00 (extract 80% from our £50.00 free bet) = £34.60 profit

Draw

-£50.00 + £44.60 = £5.40 loss

If you’re unsure how to extract 80% of our £50.00 free bet, check out my Free Bet Strategy page for a walkthrough guide on how it should be done.

So as things stand we will make £34.60 profit if Portugal beat Germany.  Unfortunately, we also stand to lose £5.40 on any other result and so we need to insure ourselves against this by laying Portugal at the betting exchange.  To work out our lay stake we need to divide £5.40 by 0.95 to account for commission being taken.  This gives us a lay stake of £5.68.

betfair

Lay £5.68 on Portugal @ 3.85 = Potential liability of £16.19

Let’s have a look at our overall profit/loss for the two outcomes…

Germany win

-£5.40 + £5.40 = £0.00

Portugal win

£34.60 – £16.19 = £18.41 profit

Draw

-£5.40 + £5.40 = £0.00

So if Portugal win, we will make a rather tidy profit of £18.41!  If Portugal don’t win, we will break even and no harm done.

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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.