Euro 2020 Offer – SpaceCasino

£13.87
Potential Profit
£5.34
Actual Profit

Euro 2020 gets underway on Friday and SpaceCasino are getting in on the action. Simply place a £20.00+ bet on the tournament winner and SpaceCasino will give us a £5.00 free bet for every knockout match our team concedes a goal in! Translated into matched betting terms, this gives us a potential profit of £13.87 and here’s how…

Key terms

  • Promotion is valid from Wednesday 9th June 2021 until 17:00 on Saturday 26th June 2021.
  • Applies to bets placed on the Euro 2020 – Winner market.
  • Minimum stake of £20.00.
  • £5.00 free bet for every knockout match our team concedes a goal in.

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.

This promotion is available until the first knockout match gets underway at 17:00 on Saturday 26th June 2021. It therefore makes sense to wait until nearer the time to ensure we’re backing a team that will qualify for the knockout stages of the tournament.

It’s impossible to know what odds will be available at the end of the group stage but let’s imagine England are available at back odds of 6.00 (5/1) and lay odds of 6.60. I’ll update the bottom of the post with a genuine selection after the group stage.

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 £18.24…

SpaceCasino logo

Place £20.00 on England @ 6.00 = Potential profit of £100.00

Betfair logo

Lay £18.24 on England @ 6.60 = Potential liability of £102.14

Outcomes

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

OutcomeSpaceCasinoBetfairProfit/Loss
England win+ £100.00– £102.14£2.14 loss
Another team wins– £20.00+ £17.87£2.13 loss

So, no matter the outcome, we’ll lose a maximum of £2.14 in qualifying for our potential free bets.

Free bets

We’ll receive a £5.00 free bet for every knockout match our team concedes a goal in. Free bets will be credited within 48 hours and will be valid for 7 days. Free bet stakes are not included in any returns.

If England concede in all four of their potential knockout matches, we’ll receive £20.00 in free bets.

Using straightforward matched betting, we should be able to convert our free bets into 80% cash, so £16.00. If we take into account our minimum qualifying loss of £2.13, this gives us a potential profit of £13.87 on this SpaceCasino offer!

* England were available at back odds of 6.00 and lay odds of 6.80. England conceded in two knockout matches and Italy won the tournament, resulting in a profit of £5.34 on this Space Casino offer. *

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £50,000 worth of profit, and made it my mission to make matched betting accessible to everyone.