Euro 2020 Offer – Parimatch

Euro 2020 gets underway on Friday and Parimatch are getting in on the action. Simply opt in and place £10.00+ on the tournament winner market and Parimatch will give us a £5.00 free bet to use on the top goalscorer market! Translated into matched betting terms, this gives us a guaranteed profit of £3.34 and here’s how…

Key terms

  • We must opt in via the OFFERS tab to be eligible.
  • Promotion valid until 20:00 on Friday 11th June 2021.
  • Applies to bets placed on the Euro 2020 – Outright market.
  • Minimum stake of £10.00.
  • £5.00 free bet to use on the Euro 2020 – Top Goalscorer market.

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, Italy are available at back odds of 10.00 (9/1) and lay odds of 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: £
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 £9.54…

Parimatch logo

Place £10.00 on Italy @ 10.00 = Potential profit of £90.00

Betfair logo

Lay £9.54 on Italy @ 10.50 = Potential liability of £90.63

Outcomes

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

OutcomeParimatchBetfairProfit/Loss
Italy win+ £90.00– £90.63£0.63 loss
Another team wins– £10.00+ £9.34£0.66 loss

So, no matter the outcome, we’ll lose a maximum of £0.66 in qualifying for our £5.00 free bet.

Free bet

Our £5.00 free bet will be credited upon placement of our qualifying bet and will be valid on the Euro 2020 – Top Goalscorer market until 23:59 on Saturday 12th June 2021. 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 £0.66, this gives us a guaranteed profit of £3.34 on this Parimatch offer!

* Italy won the tournament, resulting in a profit of £3.37 on this Parimatch 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.