£39.03
Potential Profit
£-0.97
Actual Profit

Chelsea v Liverpool Offer – Betway


Posted by Matt (administrator) Matt
Start Time: 22/09/2019 16:30

It’s Chelsea v Liverpool on Sunday and you don’t want to miss this First Goal Wins offer from Betway! Simply bet up to £20.00 on Chelsea or Liverpool to win the match and if our selected team scores first, Betway will pay us out as a winner, in cash, no matter the final result! Translated into matched betting terms, this gives us a potential profit of £39.03 and here’s how…

Key Terms:

  • Minimum and maximum stakes of £5.00 and £20.00 respectively.
  • Qualifying single bets must be placed on Chelsea or Liverpool in the Win/Draw/Win market.
  • Qualifying bets must be placed before 16:30 (kick-off) on Sunday 22nd September 2019.
  • If our selected team score first but don’t win, Betway will pay our bet out in cash, within 24 hours.

Qualifying Bet:

If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walk-through guide on how it should be done.

Having looked at the odds available, we could place our qualifying bet on Liverpool in the Win/Draw/Win market.

If Liverpool score first and go on to draw or lose the match, Betway will pay our bet out as a winner, in cash.

At the time of writing, laying our bet at Smarkets gives us the smallest qualifying loss.

We can calculate our lay stake 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 £19.42…

Betway logo

Place £20.00 on Liverpool @ 2.00 = Potential profit of £20.00

Smarkets logo

Lay £19.42 on Liverpool @ 2.08 = Potential liability of £20.97

Outcomes:

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

OutcomeBookieExchangeProfit/Loss
Liverpool score first and win+£20.00-£20.97£0.97 loss
Liverpool score first and don't win+£20.00+£19.03£39.03 profit
Liverpool don't score first and win+£20.00-£20.97£0.97 loss
Liverpool don't score first and don't win-£20.00+£19.03£0.97 loss

So, if Liverpool score first and go on to draw or lose the game, we’ll receive cash returns of £40.00, giving us a profit of £20.00 at Betway. We’ll also win £19.03 from our lay bet at Smarkets, giving us an overall potential profit of £39.03!

Any other outcome and we’ll lose £0.97. Risking £0.97 to make a profit of £39.03, gives us effective odds of 41.24, which I’m sure you’ll agree, makes this a profitable offer in the long run.

If eligible, our cash winnings will be credited within 24 hours of the match ending.

Note: If your team scores first, you can either let it run as above or place an extra back bet on them to lock in a profit. If you decide to guarantee a profit, you just need to divide the sum of your potential loss and potential profit by the back odds. For example, if the back odds are 1.50 (1/2), you would divide £40.00 (£0.97 + £39.03) by 1.50, giving you a back stake of £26.67 and a guaranteed profit of £12.36.

* Liverpool scored first and went on to win the match 2-1, resulting in a loss of £0.97 on this Betway offer. *

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