There’s plenty of Euro 2016 action to look forward to this week and LeoVegas are getting in on the action! Simply bet £50.00 or more between Monday and Sunday and LeoVegas will give us a £5.00 free bet for next week. Translated into matched betting terms, this gives us a guaranteed profit of £2.51 and here’s how…
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.
To qualify, we must bet £50.00 or more between 00.01 on Monday 4th July 2016 and 23.59 on Sunday 10th July 2016.
It’s entirely up to you place you’re qualifying bets on, but having looked at the odds available, I’ve opted to place my qualifying bet on Germany beating France.
I like to place my exchange lay bets with Smarkets as they have great liquidity, the site is really easy to use and they only charge 2% commission in comparison to the 5% charged by other betting exchanges.
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 £49.50…
Place £50.00 on Germany @ 3.00 = Potential profit of £100.00
Lay £49.50 on Germany @ 3.05 = Potential liability of £101.49
Let’s have a look at our potential profit/loss for the possible outcomes…
| Germany win | + £100.00 – £101.49 = £1.49 loss |
| Germany don’t win | – £50.00 + £48.51 (£49.50 minus 2% commission) = £1.49 loss |
So, regardless of the result of the match, we will lose £1.49 in qualifying for our £5.00 free bet.
Free Bet:
Free bets will be credited by 15:00 on Monday 11th July 2016 and will be valid for 7 days.
By using straightforward matched betting, we should be able to extract 80% of the £5.00 free bet as cash, so £4.00. If we take into account our qualifying loss of £1.49, this gives us a guaranteed profit of £2.51 on this LeoVegas 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.