It’s Chelsea v Tottenham in the Premier League on Sunday and you don’t want to miss this Betway early payout offer! Simply bet up to £10.00 on Chelsea or Tottenham 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 £35.09 and here’s how…
Key Terms:
- Maximum qualifying stake of £10.00.
- Qualifying single bets must be placed on Chelsea or Tottenham in the Win/Draw/Win market.
- Qualifying bets must be placed before 16:30 (kick-off) on Sunday 29th November 2020.
- If our selected team scores first, Betway will pay our bet out in cash, within minutes.
Qualifying Bet:
If you’re unfamiliar with early payout offers, please see my Bet365 Early Payout (2UP) guide for a walkthrough of how they should be done.
Having looked at the odds available, we could place our qualifying bet on Tottenham. If Tottenham score first, Betway will pay our bet out as a winner.
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.
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 Early Payout Calculator…
As you can see, the calculator tells us that we should lay £9.28 against Tottenham…
Place £10.00 on Tottenham @ 3.60 = Potential profit of £26.00
Lay £9.28 on Tottenham @ 3.90 = Potential liability of £26.91
No Early Payout:
Let’s have a look at our potential profit/loss if Tottenham don’t score first…
| Outcome | Bookie | Exchange | Profit/Loss |
|---|---|---|---|
| Tottenham win | + £26.00 | – £26.91 | £0.91 loss |
| Tottenham lose or draw | – £10.00 | + £9.09 | £0.91 loss |
So, worst case scenario, we’ll lose £0.91 in qualifying for this offer.
Early Payout!
If Tottenham score first, we need to select the early payout toggle (in the grey section) to tell the calculator that ‘The bookmaker has paid out early‘…
As you can see, our potential profit/loss is as follows, now that Betway have paid out early…
| Outcome | Bookie | Exchange | Profit/Loss |
|---|---|---|---|
| Tottenham win | + £26.00 | – £26.91 | £0.91 loss |
| Tottenham lose or draw | + £26.00 | + £9.09 | £35.09 profit |
So, if we let things run and Tottenham go on to win, we’ll still lose £0.91, but if Tottenham lose or draw, we’ll make a profit of £35.09!
Lock in Profit:
If we decide to lock in a profit, we’ll need to enter the back odds for Tottenham to win at Betfair. I’ll use back odds of 1.60 to illustrate how locking in a profit should work…
As you can see, the calculator tells us that we need to stake £22.62 on Tottenham to win at Betfair.
Place £22.62 on Tottenham @ 1.60 = Potential profit of £13.57
Now let’s have a look at our overall potential profit for the possible outcomes…
| Outcome | Bookie | Exchange | Profit/Loss |
|---|---|---|---|
| Tottenham win | + £26.00 | – £13.34 | £12.66 profit |
| Tottenham lose or draw | + £26.00 | – £13.34 | £12.66 profit |
So, regardless of the outcome, we would make a guaranteed profit of £12.66 on this Betway early payout offer!
If eligible, our cash winnings will be credited within minutes of the first goal being scored, but allow up to 24 hours.
* The match was drawn 0-0, resulting in a loss of £0.91 on this Betway offer. *
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £90,000 worth of profit, and made it my mission to make matched betting accessible to everyone.