£48.62
Potential Profit
£-1.38
Actual Profit

Liverpool v Man City Offer – Betway


Posted by Matt (administrator) Matt
Start Time: 10/11/2019 16:30

It’s Liverpool v Man City in the Premier League on Sunday and you don’t want to miss this First Goal Wins offer from Betway! Simply bet up to £20.00 on Liverpool 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 £48.62 and here’s how…

Key Terms:

  • Maximum qualifying stake of £20.00.
  • Qualifying single bets must be placed on Liverpool or Man City in the Win/Draw/Win market.
  • Qualifying bets must be placed before 16:30 (kick-off) on Sunday 10th November 2019.
  • If our selected team score first but don’t win, Betway will pay our bet out in cash, within 24 hours.

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 Man City in the Win/Draw/Win market.

If Man City score first and go on to draw or lose the match, Betway will pay our bet out as a winner, in cash.

At the time of writing, laying our bet at Betfair gives us the smallest qualifying loss.

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

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 £19.61…

Betway logo

Place £20.00 on Man City @ 2.50 = Potential profit of £30.00

Betfair logo

Lay £19.61 on Man City @ 2.60 = Potential liability of £31.37

Outcomes:

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

OutcomeBookieExchangeProfit/Loss
Man City score first and win+£30.00-£31.37£1.37 loss
Man City score first and don't win+£30.00+£18.62£48.62 profit
Man City don't score first and win+£30.00-£31.37£1.37 loss
Man City don't score first and don't win-£20.00+£18.62£1.38 loss

So, if Man City score first and go on to draw or lose the game, we’ll receive cash returns of £50.00, giving us a profit of £30.00 at Betway. We’ll also win £18.62 from our lay bet at Smarkets, giving us an overall potential profit of £48.62!

Any other outcome and we’ll lose a maximum of £1.38. Risking £1.38 to make a profit of £48.62, gives us effective odds of 36.23, 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 24 hours of the match ending.

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 £49.99 (£1.37 + £48.62) by 1.50, giving you a back stake of £33.33 and a guaranteed profit of £15.29.

* Liverpool scored first and went on to win the match 3-1, resulting in a loss of £1.38 on this Betway offer. *

Comments


  1. Michael

    Guest user

    If I have 2 different accounts on Betway and bet on a different team on each account. Can I use the same exchange account to put the lay bets on for both teams? Would this work or would it cancel each other out?

    +0
    Reply
    1. Matt

      204

      Yes Michael, you can use the same exchange account to place your two lay bets.

      If either team wins, you’ll make a net loss at the exchange, meaning you pay no commission.

      +1
      Reply
  2. Fordy

    44

    Not sure where to put this , but Netbet have a European Bet maker promo on again..

    +0
    Reply
    1. Matt

      204

      Where are you seeing that one Fordy, invite only?

      +0
      Reply
      1. Fordy

        44

        It’s been running since Tuesday, only saw it today but ended tonight, last chance was the Rangers game!

        +0
        Reply
  3. Dave The Rave

    Guest user

    Do Betway even have any customers left?

    You only have to deposit to get gubbed with these cowboys!

    +0
    Reply
    1. Pete

      Guest user

      I’d like to put forward a motion to bin betway promos from this site. They’re not playing fair and it’s blatant false advertising.

      +0
      Reply
      1. Matt

        204

        I understand your frustration Pete, but that wouldn’t be fair on those that have an active Betway account.

        +2
        Reply
        1. Pete

          Guest user

          Yeah fair enough Matt. I’m just bitter!

          +0
  4. Alex M

    Guest user

    Can you not back one team on betway, then lay them to score first on betfair, guaranteeing a profit?

    +0
    Reply
    1. Matt

      204

      Yes you can Alex. That would give you a small guaranteed profit on any outcome but you would need a complete turnaround (your team not to score first and win) for the big profit, so it’s a toss up between the two methods.

      +1
      Reply
  5. wizzfizz

    7

    This such offers by Betway are gubbing bait. I was lucky to win the other week. But they are shady for sure. Anyone taking these offers up by them should expect a gubbing sooner rather than later.

    It will happen to you.

    +0
    Reply

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