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…
As you can see, the calculator tells us that our lay stake should be £19.61…
Place £20.00 on Man City @ 2.50 = Potential profit of £30.00
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…
Outcome | Bookie | Exchange | Profit/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. *
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Michael
Guest userIf 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?
Matt
1490Yes 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.
Fordy
44Not sure where to put this , but Netbet have a European Bet maker promo on again..
Matt
1490Where are you seeing that one Fordy, invite only?
Fordy
44It’s been running since Tuesday, only saw it today but ended tonight, last chance was the Rangers game!
Dave The Rave
Guest userDo Betway even have any customers left?
You only have to deposit to get gubbed with these cowboys!
Pete
Guest userI’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.
Matt
1490I understand your frustration Pete, but that wouldn’t be fair on those that have an active Betway account.
Pete
Guest userYeah fair enough Matt. I’m just bitter!
Alex M
Guest userCan you not back one team on betway, then lay them to score first on betfair, guaranteeing a profit?
Matt
1490Yes 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.
wizzfizz
7This 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.