Euro 2020 Offer – Paddy Power

Euro 2020 gets underway on Friday and Paddy Power are getting in on the action. Simply place a £10.00+ bet on the tournament top goalscorer and Paddy Power will give us a £1.00 free bet for every shot on target they have throughout the tournament! Translated into matched betting terms, this gives us a potential profit of £10.21 and here’s how…

Key terms

  • Applies to bets placed between 12:00 on Saturday 29th May 2021 and 19:59 on Friday 11th June 2021.
  • Applies to bets placed on the UEFA Euro 2020 Top Goalscorer market.
  • Minimum stake of £10.00.
  • £1.00 free bet for every shot on target our selected player has.

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 player you go for. At the time of writing, Romelu Lukaku is available at back odds of 7.00 (6/1) and lay odds of 8.40.

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: £
Bookie
Exchange
Cashback
Total
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 £8.35…

Place £10.00 on Romelu Lukaku @ 7.00 = Potential profit of £60.00

Lay £8.35 on Romelu Lukaku @ 8.40 = Potential liability of £61.79

Outcomes

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

OutcomePaddy PowerExchangeProfit/Loss
Lukaku top scores+ £60.00– £61.79£1.79 loss
Another player top scores– £10.00+ £8.18£1.82 loss

So, no matter the outcome, we’ll lose a maximum of £1.82 in qualifying for our potential free bets.

Free bets

We’ll receive a £1.00 free bet for every shot on target our selected player has. Free bets will be credited within 2 hours of each respective match finishing and will be valid for 7 days. Free bet stakes are not included in any returns.

If Romelu Lukaku has 15 shots on target throughout the tournament, we’ll receive £15.00 in free bets.

Using straightforward matched betting, we should be able to convert our free bets into 80% cash, so £12.00. If we take into account our minimum qualifying loss of £1.79, this gives us a potential profit of £10.21 on this Paddy Power offer!

* Romelu Lukaku had 6 shots on target throughout the tournament as Cristiano Ronaldo and Patrik Schick finished joint top goalscorers, resulting in a profit of £2.98 on this Paddy Power 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.