It’s England v Germany at Euro 2020 on Tuesday and you don’t want to miss this Betway early payout offer! Simply bet up to £10.00 on England or Germany 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 £24.35 and here’s how…
Key terms
- Applies to single bets placed on England or Germany in the Win/Draw/Win market.
- Applies to bets placed before 17:00 (kick-off) on Tuesday 29th June 2021.
- Maximum stake of £10.00.
- 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.
At the time of writing, England are available at back odds of 2.50 (6/4) and lay odds of 2.64. If England score first, Betway will pay our bet out as a winner.
Either exchange works for this offer
Betfair and Smarkets are both great options for this offer. If you’ve not used one of them, now is a great time to give them a try.
- Money back as cash up to £20
- 0% commission for 60 days
We can calculate our lay stake using my Early Payout Calculator…
As you can see, the calculator tells us that we should lay £9.54 against England…
Place £10.00 on England @ 2.50 = Potential profit of £15.00
Lay £9.54 on England @ 2.64 = Potential liability of £15.65
No early payout
Let’s have a look at our potential profit/loss if England don’t score first…
So, worst case scenario, we’ll lose £0.65 in qualifying for this offer.
Early payout!
If England 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…
So, if we let things run and England go on to win, we’ll still lose £0.65, but if England lose or draw, we’ll make a profit of £24.35!
Lock in profit
If we decide to lock in a profit, we’ll need to enter the back odds for England to win at Betfair. I’ll use back odds of 1.40 to illustrate how locking in a profit should work…
As you can see, the calculator tells us that we need to stake £17.99 on England to win at Betfair.
Place £17.99 on England @ 1.40 = Potential profit of £7.20
Now let’s have a look at our overall potential profit for the possible outcomes…
So, no matter the outcome, we would make a guaranteed profit of £6.55 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.
* England scored first and went on to win the match 2-0, resulting in a loss of £0.65 on this Betway offer. *
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Jay
Guest userSo if England don’t score, then isn’t “locking in profit” a bit inaccurate?
Matt
1537The post is laid out in chronological order of what or may not happen Jay.
No early payout – England don’t score first and we make a loss.
Early payout! – England score first and go on to lose or draw the match. We make a profit as we let our bets run.
Lock in profit – England score first and we lock in a smaller guaranteed profit no matter the outcome.
If England don’t score first, you wouldn’t get as far as the ‘Lock in profit‘ section.
I hope that helps.
Steve
Guest userIf there were hypothetically two bookmakers offering the same Early Payout deal on this match would it be better to just bet on each team without laying then bet on the draw after the first goal to lock in profit?!
Mark
Guest userYou’d need to stick a few quid on 0-0 pre match Steve otherwise that scoreline would sting you.