It’s Leicester v Man City in Saturday’s late kick-off and you don’t want to miss this First Goal Wins offer from Betway! Simply bet up to £20.00 on Leicester or Man City 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 £83.71 and here’s how…
Key Terms:
- Maximum qualifying stake of £20.00.
- Qualifying single bets must be placed on Leicester or Man City in the Win/Draw/Win market.
- Qualifying bets must be placed before 17:30 (kick-off) on Saturday 22nd February 2020.
- If our selected team score first, Betway will pay our bet out in cash, within 10 minutes.
Qualifying Bet:
If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walk-through guide on how it should be done.
Having looked at the odds available, we could place our qualifying bet on Leicester in the Win/Draw/Win market.
If Leicester score first, Betway will pay our bet out as a winner, within 10 minutes.
At the time of writing, laying our bet at Betfair gives us the smallest qualifying loss.
Betfair are currently offering new customers 0% commission up to £500 for the first 30 days.
If you’re an existing Betfair customer, you can opt in to pay just 2% commission by selecting their Basic reward plan.
For more information about My Betfair Rewards and how to opt in, please see my Betfair 2% Commission page.
We can calculate our lay stake using my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £17.40…
Place £20.00 on Leicester @ 4.333 = Potential profit of £66.66
Lay £17.40 on Leicester @ 5.00 = Potential liability of £69.60
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
| Outcome | Bookie | Exchange | Profit/Loss |
|---|---|---|---|
| Leicester score first and win | +£66.66 | -£69.60 | £2.94 loss |
| Leicester score first and don’t win | +£66.66 | +£17.05 | £83.71 profit |
| Leicester don’t score first and win | +£66.66 | -£69.60 | £2.94 loss |
| Leicester don’t score first and don’t win | -£20.00 | +£17.05 | £2.95 loss |
So, if Leicester score first and go on to draw or lose the game, we’ll receive cash returns of £86.66, giving us a profit of £66.66 at Betway. We’ll also win £17.05 from our lay bet at Betfair, giving us an overall potential profit of £83.71!
Any other outcome and we’ll lose a maximum of £2.95. Risking £2.95 to make a profit of £83.71, gives us effective odds of 29.38, which I’m sure you’ll agree, makes this a profitable offer in the long run.
If eligible, our cash winnings will be credited within 10 minutes of the first goal being scored, but allow up to 24 hours.
Note: If your team scores first, you can either let it run as above or place an extra back bet on them to lock in a profit. If you decide to guarantee a profit, you just need to divide the sum of your potential loss and potential profit by the back odds. For example, if the back odds are 1.50 (1/2), you would divide £86.65 (£2.94 + £83.71) by 1.50, giving you a back stake of £57.77 and a guaranteed profit of £25.94.
* Man City scored first and went on to win the match 1-0, resulting in a loss of £2.95 on this Betway offer. *
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.