Euro 2020 Offer – Novibet

Euro 2020 gets underway on Friday and Novibet are getting in on the action. Simply place a £20.00+ bet on any Euro 2020 outright market and Novibet will give us a £5.00 free bet! Translated into matched betting terms, this gives us a guaranteed profit of £4.57 and here’s how…

Key terms

  • Promotion valid from Thursday 3rd June 2021 until Wednesday 9th June 2021.
  • Applies to single bets placed on any EURO 2020 Outrights market.
  • Minimum stake of £20.00.
  • Minimum odds of 1.70 (7/10)


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 what you place your qualifying bet on. At the time of writing, Portugal are available in the Competition Winner market at back odds of 11.00 (10/1). The lay odds are currently 10.50.

Either exchange works for this offer

We can calculate our lay stake using my Matched Betting Calculator

Select bet type

Back Bet (Bookie)


Lay Bet (Betting Exchange)


Min £
Max £
Lay stake required: £
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 £20.99…

Novibet logo

Place £20.00 on Portugal @ 11.00 = Potential profit of £200.00

Betfair logo

Lay £20.99 on Portugal @ 10.50 = Potential liability of £199.40


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

Portugal win+ £200.00– £199.40£0.60 profit
Another team wins– £20.00+ £20.57£0.57 profit

So, no matter the outcome, we’ll make a minimum profit of £0.57 in qualifying for our £5.00 free bet.

Free bet

Our £5.00 free bet will be credited within 24 hours of our qualifying bet being settled and will be valid 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 minimum qualifying profit of £0.57, this gives us a guaranteed profit of £4.57 on this Novibet offer!

* Italy won the tournament, resulting in a profit of £4.57 on this Novibet offer. *

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £60,000 worth of profit, and made it my mission to make matched betting accessible to everyone.