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.
Place £50.00 on Germany @ 2.00 = Potential profit of £50.00
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.
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
Since 2014, I’ve blogged over £100,000 worth of profit, and made it my mission to make matched betting accessible to everyone.