£81.59
Potential Profit
£-2.41
Actual Profit

Chelsea v Man Utd Offer – Betway


Posted by Matt (administrator) Matt
Start Time: 17/02/2020 20:00

It’s Chelsea v Man Utd in the Premier League on Monday night and you don’t want to miss this First Goal Wins offer from Betway! Simply bet up to £20.00 on Chelsea or Man Utd 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 £81.59 and here’s how…

Key Terms:

  • Maximum qualifying stake of £20.00.
  • Qualifying single bets must be placed on Chelsea or Man Utd in the Win/Draw/Win market.
  • Qualifying bets must be placed before 20:00 (kick-off) on Monday 17th February 2020.
  • If our selected team score first, Betway will pay our bet out in cash, within 10 minutes.

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 Man Utd in the Win/Draw/Win market.

If Man Utd score first, Betway will pay our bet out as a winner, within 10 minutes.

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

Betfair are currently offering new customers 0% commission up to £500 for the first 30 days.

Banner showing the zero commission sign up offer from Betfair

Banner showing the zero commission sign up offer from Betfair

If you’re an existing Betfair customer, you can opt in to pay just 2% commission by selecting their Basic reward plan.

For more information about My Betfair Rewards and how to opt in, please see my Betfair 2% Commission page.

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 £17.95…

Betway logo

Place £20.00 on Man Utd @ 4.20 = Potential profit of £64.00

Betfair logo

Lay £17.95 on Man Utd @ 4.70 = Potential liability of £66.41

Outcomes:

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

OutcomeBookieExchangeProfit/Loss
Man Utd score first and win+£64.00-£66.41£2.41 loss
Man Utd score first and don't win+£64.00+£17.59£81.59 profit
Man Utd don't score first and win+£64.00-£66.41£2.41 loss
Man Utd don't score first and don't win-£20.00+£17.59£2.41 loss

So, if Man Utd score first and go on to draw or lose the game, we’ll receive cash returns of £84.00, giving us a profit of £64.00 at Betway. We’ll also win £17.59 from our lay bet at Betfair, giving us an overall potential profit of £81.59!

Any other outcome and we’ll lose £2.41. Risking £2.41 to make a profit of £81.59, gives us effective odds of 34.85, 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 10 minutes of the first goal being scored, but allow up to 24 hours.

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 £84.00 (£2.41 + £81.59) by 1.50, giving you a back stake of £56.00 and a guaranteed profit of £25.59.

* Man Utd scored first and went on to win the match 2-0, resulting in a loss of £2.41 on this Betway offer. *

Comments


  1. Pete

    Guest user

    Probably not the right place to post, but just to make you aware, you have a sign up offer for mr.play on your site, ‘Bet £10, Get £10’…

    I tried it out, but if you have used a sign up promo on any other site within their “network” then you’re not eligible. They are part of a larger group so they’re across multiple sites. Apparently it’s hidden somewhere in their T&C’s.

    +0
    Reply
  2. Nick

    Guest user

    Exactly what I just found out with ‘BetRegal’ being part of their network. Shocking site. Charges for deposits, you can only withdraw in multiples of £10 and now I’m sat waiting for 48 business hours so my card can be confirmed and my money released. Dare I say it, worse than Betway?

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    Reply
  3. Pete

    Guest user

    Ha, worse than betway is a big call-yeah I got charged for depositing with Mr play as well. Some of these charlatans are as bad as each other. I give Mr Play six months before I get an email telling me that they’ve gone out of business.

    +0
    Reply
    1. Matt

      304

      Thanks for bringing this to my attention guys.

      It appears to be hidden within their bonus policy rather than within the terms of their welcome offer…

      ‘We or members of our corporate group operate a number of casino websites (“Aspire Websites”) and you will not be eligible to receive a Welcome Bonus, if you have received a welcome bonus on any other of the Aspire Websites.’

      Full list here > https://secure.gamblingcommission.gov.uk/PublicRegister/Search/Detail/39483

      I’ll add a note so that people are aware.

      +0
      Reply

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