It’s Leicester v Chelsea in the Premier League on Tuesday night and you don’t want to miss this Betway early payout offer! Simply bet up to £10.00 on Leicester or Chelsea to win the match and if our selected team scores first, Betway will pay us out as a winner, in cash, no matter the final result! Translated into matched betting terms, this gives us a potential profit of £28.23 and here’s how…
Key terms
- Maximum qualifying stake of £10.00.
- Qualifying single bets must be placed on Leicester or Chelsea in the Win/Draw/Win market.
- Qualifying bets must be placed before 20:15 (kick-off) on Tuesday 19th January 2021.
- If our selected team scores first, Betway will pay our bet out in cash, within minutes.
Qualifying bet
If you’re unfamiliar with early payout offers, please see my Bet365 Early Payout (2UP) guide for a walkthrough of how they should be done.
Having looked at the odds available, we could place our qualifying bet on Leicester. If Leicester score first, Betway will pay our bet out as a winner.
Either exchange works for this offer
Betfair and Smarkets are both great options for this offer. If you’ve not used one of them, now is a great time to give them a try.
- Money back as cash up to £20
- 0% commission for 60 days
We can calculate our lay stake using my Early Payout Calculator…
As you can see, the calculator tells us that we should lay £9.42 against Leicester…
Place £10.00 on Leicester @ 2.90 = Potential profit of £19.00
Lay £9.42 on Leicester @ 3.10 = Potential liability of £19.78
No early payout
Let’s have a look at our potential profit/loss if Leicester don’t score first…
| Outcome | Betway | Betfair | Profit/Loss |
|---|---|---|---|
| Leicester win | + £19.00 | – £19.78 | £0.78 loss |
| Leicester lose or draw | – £10.00 | + £9.23 | £0.77 loss |
So, worst case scenario, we’ll lose a maximum of £0.78 in qualifying for this offer.
Early payout!
If Leicester score first, we need to select the early payout toggle (in the grey section) to tell the calculator that ‘The bookmaker has paid out early‘…
As you can see, our potential profit/loss is as follows, now that Betway have paid out early…
| Outcome | Betway | Betfair | Profit/Loss |
|---|---|---|---|
| Leicester win | + £19.00 | – £19.78 | £0.78 loss |
| Leicester lose or draw | + £19.00 | + £9.23 | £28.23 profit |
So, if we let things run and Leicester go on to win, we’ll still lose £0.78, but if Leicester lose or draw, we’ll make a profit of £28.23!
Lock in profit
If we decide to lock in a profit, we’ll need to enter the back odds for Leicester to win at Betfair. I’ll use back odds of 1.50 to illustrate how locking in a profit should work…
As you can see, the calculator tells us that we need to stake £19.47 on Leicester to win at Betfair.
Place £19.47 on Leicester @ 1.50 = Potential profit of £9.74
Now let’s have a look at our overall potential profit for the possible outcomes…
| Outcome | Betway | Betfair | Profit/Loss |
|---|---|---|---|
| Leicester win | + £19.00 | – £10.04 | £8.96 profit |
| Leicester lose or draw | + £19.00 | – £10.05 | £8.95 profit |
So, regardless of the outcome, we would make a guaranteed profit of £8.95 on this Betway early payout offer!
If eligible, our cash winnings will be credited within minutes of the first goal being scored, but allow up to 24 hours.
* Leicester scored first and went on to win the match 2-0, resulting in a loss of £0.78 on this Betway offer. *
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £90,000 worth of profit, and made it my mission to make matched betting accessible to everyone.