Genting Bet Offer – Arsenal v Leicester

August 11, 2017 / Football / 3 Comments

Kick-off time (GMT): 11/08/2017 : 19:45

Potential profit
£3.63
My profit £5.14

Arsenal host Leicester at the Emirates tonight and Genting Bet are getting in on the action! Simply bet £10.00 on Arsenal v Leicester and Genting Bet will give us a free bet equal to the amount of goals scored in the game. Translated into matched betting terms, this gives us a potential profit of £3.63 and here’s how…

Genting Bet Offer - Arsenal v Leicester

Qualifying Bet:

If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walk-through guide on how they should be done.

Our qualifying bet must be placed on one of the following markets…

Match Result (1X2) / Correct Score / First Goalscorer / Half Time/Full Time

It’s entirely up to you what you place your qualifying bet on. Having looked at the odds available, I’ve opted to place my qualifying bet on Arsenal in the Match Result (1X2) market.

We can calculate our lay stakes using my matched betting calculator…


Back Bet (Bookie)

%

Lay Bet (Betting Exchange)

%

Adjust your lay stake

Min £
Max £

Lay stake required: £

Bookie
Exchange
Total
If back (bookie) bet wins
= £
If lay (exchange) bet wins
= £
Bookie
Exchange
Cashback
Total
If back
bet wins
= £
If lay
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 £10.09…

Genting Bet logo

Place £10.00 on Arsenal @ 1.533 = Potential profit of £5.33

smarkets white

Lay £10.09 on Arsenal @ 1.54 = Potential liability of £5.44

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

Arsenal win + £5.33 – £5.44 = £0.11 loss
Arsenal don't win - £10.00 + £9.88 (£10.09 minus 2% commission) = £0.12 loss

So, regardless of the result of the match, we’ll lose a maximum of £0.12 in qualifying for our potential free bets.

Free Bets:

We’ll receive a free bet equal to the amount of goals scored in the game. Free bets will be credited within 24 hours of qualifying bet settlement and will be valid for 3 days.

Free bets must be placed at odds no greater than 5.00 (4/1). With that in mind, by using straightforward matched betting, we should be able to extract 75% of any free bets as cash.

Therefore, if 5 goals are scored in the game, we’ll receive a £5.00 free bet, from which we can extract £3.75 cash. If we take into account our maximum qualifying loss of £0.12, this gives us a potential profit of £3.63 on this Genting Bet offer!

* Arsenal won the match 4-3, meaning I made a profit of £5.14 on this Genting Bet offer. *

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3 Comments

  1. Marcus

    August 11, 2017
    / Reply

    Decided to do this at the last minute because I was bored - didn't expect £7.... a pleasant surprise.

    • Matt

      Matt

      August 12, 2017
      / Reply

      Nicely done Marcus!

  2. Jackman

    August 12, 2017
    / Reply

    For some reason my free bets haven't been given to me yet. Anyone else have this problem or should I wait the full 24 hours before contacting them?


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