Euro 2020 gets underway on Friday and GentingBet are getting in on the action. Simply place a £20.00+ bet on the tournament winner and GentingBet will give us a £2.00 free bet for every match our team wins throughout the tournament! Translated into matched betting terms, this gives us a potential profit of £8.11 and here’s how…
Key terms
- Applies to bets placed before 20:00 on Friday 11th June 2021.
- Applies to single bets placed on the Euro 2020 – Outright Winner market.
- Minimum stake of £20.00 (or £20.00 each way).
- £2.00 free bet for every match our team wins throughout the tournament (including wins in extra-time and via penalties).
Strategy
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.
Qualifying bet
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, France are available at back odds of 5.50 (9/2) and lay odds of 6.40.
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 Matched Betting Calculator…
As you can see, the calculator tells us that our lay stake should be £17.24…
Place £20.00 on France @ 5.50 = Potential profit of £90.00
Lay £17.24 on France @ 6.40 = Potential liability of £93.09
Outcomes
Let’s have a look at our potential profit/loss for the possible outcomes…
| Outcome | GentingBet | Betfair | Profit/Loss |
|---|---|---|---|
| France win | + £90.00 | – £93.09 | £3.09 loss |
| Another team wins | – £20.00 | + £16.89 | £3.11 loss |
So, no matter the outcome, we’ll lose a maximum of £3.11 in qualifying for our potential free bets.
Free bets
We’ll receive a £2.00 free bet for every match our team wins throughout the tournament (including wins in extra-time and via penalties). Free bets will be credited within 24 hours of our team winning a match and will be valid for 7 days. Free bet stakes are not included in any returns.
If France win all 7 of their potential matches, we’ll receive £14.00 in free bets.
Using straightforward matched betting, we should be able to convert our free bets into 80% cash, so £11.20. If we take into account our qualifying loss of £3.09, this gives us a potential profit of £8.11 on this GentingBet offer!
* France won 1 match and Italy won the tournament, resulting in a loss of £1.51 on this GentingBet 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.