Euro 2020 gets underway on Friday and bwin are getting in on the action. Simply opt in and place a £10.00+ bet on the tournament winner and bwin will give us a £5.00 free bet to use on any Euro 2020 market! Translated into matched betting terms, this gives us a guaranteed profit of £3.01 and here’s how…
- We must opt in on the promotion page to be eligible.
- Promotion valid from 00:00 on Thursday 3rd June 2021 until 20:00 on Friday 11th June 2021.
- Applies to single bets placed on the Euro 2020 – Winner market.
- Minimum stake of £10.00.
- £5.00 free bet to use on any Euro 2020 market.
It’s entirely up to you how you play these pre-tournament offers on the outright markets.
The tournament starts on Friday 11th June 2021 and ends on Sunday 11th July 2021, meaning your funds at the betting exchange could be tied up for some time if your selected team/player does well.
That’s fine if you have a sizeable bankroll, but if not, make sure you leave yourself enough funds to do reload offers that will no doubt be available throughout the tournament.
You can reduce your overall liability at the exchange by selecting different teams/players for different offers. For example, say you place lay bets on France, England and Germany each with a liability of £100, you would only need £100 in your exchange account (not £300) as only one team can win the tournament.
Of course, another option is to not lay these pre-tournament offers at all and just let the back bets run. The free bets should cover most of the qualifying stakes and if your selected team/player wins, you’ll make a nice profit.
If you’d like more information about qualifying bets and how they work, please see my qualifying bets guide.
It’s entirely up to you which team you go for. At the time of writing, Spain are available at back odds of 9.00 (8/1) and lay odds of 9.80.
Either exchange works for this offer
We can calculate our lay stake using my Matched Betting Calculator…
As you can see, the calculator tells us that our lay stake should be £9.20…
Place £10.00 on Spain @ 9.00 = Potential profit of £80.00
Lay £9.20 on Spain @ 9.80 = Potential liability of £80.96
Let’s have a look at our potential profit/loss for the possible outcomes…
So, no matter the outcome, we’ll lose a maximum of £0.99 in qualifying for our £5.00 free bet.
Our £5.00 free bet will be credited upon placement of our qualifying bet and will be valid on any Euro 2020 market for 7 days. Free bet stakes are not included in any returns.
Using straightforward matched betting, we should be able to convert our free bet into 80% cash, so £4.00. If we take into account our maximum qualifying loss of £0.99, this gives us a guaranteed profit of £3.01 on this bwin offer!
* Italy won the tournament, resulting in a profit of £3.01 on this bwin offer. *
Get this bwin free bet offer