£2.90
Potential Profit
£2.10
Actual Profit

Man City v Lyon Offer – Genting Bet


Posted by Matt (administrator) Matt
Start Time: 15/08/2020 20:00

It’s Man City v Lyon in the Champions League Quarter-Finals on Saturday and Genting Bet are getting in on the action! Simply place a £10.00+ pre-match bet on Man City v Lyon 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 £2.90 and here’s how…

Key Terms:

  • The minimum stake to qualify is £10.00.
  • We must place our bet at odds of 1.50 (1/2) or greater.
  • Qualifying bets must be placed before 20:00 (kick-off) on Saturday 15th August 2020.
  • Maximum free bet of £5.00.

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 Yes in the Both Teams To Score market.

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

If you’re not yet signed up, Smarkets are currently offering a £10.00 welcome bonus for new customers.

Banner showing the £10 welcome bonus offer from Smarkets

Banner showing the £10 welcome bonus offer from Smarkets

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 £9.07…

Genting Bet logo

Place £10.00 on ‘Both Teams To Score – Yes’ @ 2.05 = Potential profit of £10.50

Smarkets logo

Lay £9.07 on ‘Both teams to score – Yes’ @ 2.28 = Potential liability of £11.60

Outcomes:

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

Outcome Bookie Exchange Profit/Loss
Both teams score – Yes +£10.50 -£11.60 £1.10 loss
Both teams score – No -£10.00 +£8.88 £1.12 loss

So, regardless of the outcome, we’ll lose a maximum of £1.12 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, up to a maximum of £5.00. Free bets will be credited by 23:59 on Sunday 16th August 2020 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 5 goals are scored in the game, we’ll receive a £5.00 free bet, from which we can extract £4.00 cash. If we take into account our minimum qualifying loss of £1.10, this gives us a potential profit of £2.90 on this Genting Bet offer!

* Lyon won the match 3-1, resulting in a profit of £2.10 on this Genting Bet offer. *

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