Man City v Chelsea Offer – Genting Bet

It’s Man City v Chelsea in Saturday’s late kick-off and Genting Bet are getting in on the action! Simply place a £10.00+ pre-match bet on Man City v Chelsea and Genting Bet will give us a free bet equal to the amount of goals scored in the game. Translated into matched betting terms, this gives us a potential profit of £5.30 and here’s how…

Key Terms:

  • The minimum stake to qualify is £10.00.
  • We must place our bet at odds of 1.33 (1/3) or greater.
  • Qualifying bets must be placed between 00:00 on Thursday 21st November 2019 and 17:30 (kick-off) on Saturday 23rd November 2019.

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.

It’s entirely up to you what you place your qualifying bet on. Having looked at the odds available, we could place our qualifying bet on Man City in the Match Result market.

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

We can calculate our lay stakes 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 £9.89…

Genting Bet logo

Place £10.00 on Man City @ 1.444 = Potential profit of £4.44

Smarkets logo

Lay £9.89 on Man City @ 1.48 = Potential liability of £4.74

Outcomes:

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

Outcome Bookie Exchange Profit/Loss
Man City win +£4.44 -£4.74 £0.30 loss
Man City don’t win -£10.00 +£9.69 £0.31 loss

So, regardless of the outcome, we’ll lose a maximum of £0.31 in qualifying for our potential free bet.

Free Bet:

We’ll receive a free bet equal to the amount of goals scored in the game. Free bets will be credited by 23:59 on Sunday 24th November 2019 and will be valid for 3 days. Free bet stakes will not be included with any returns.

By using straightforward matched betting, we should be able to extract 80% cash from any free bet.

Therefore, if 7 goals are scored in the game, we’ll receive a £7.00 free bet, from which we can extract £5.60 cash. If we take into account our minimum qualifying loss of £0.30, this gives us a potential profit of £5.30 on this Genting Bet offer!

* Man City won the match 2-1, resulting in a profit of £2.10 on this Genting Bet offer. *

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £70,000 worth of profit, and made it my mission to make matched betting accessible to everyone.