£3.50
Potential Profit
£1.90
Actual Profit

Man City v Real Madrid Offer – Genting Bet


Posted by Matt (administrator) Matt
Start Time: 07/08/2020 20:00

It’s Man City v Real Madrid in the Champions League on Friday night and Genting Bet are getting in on the action! Simply place a £10.00+ pre-match bet on Man City v Real Madrid 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 £3.50 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 Friday 7th 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 Man City in the Match Result market.

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

Betfair are currently offering new customers 0% commission up to £500 for the first 30 days.

Banner showing the zero commission sign up offer from Betfair

Banner showing the zero commission sign up offer from Betfair

If you’re an existing Betfair customer, you can opt in to pay just 2% commission by selecting their Basic reward plan.

For more information about My Betfair Rewards and how to opt in, please see my Betfair 2% Commission page.

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 £9.69…

Genting Bet logo

Place £10.00 on Man City @ 1.667 = Potential profit of £6.67

Betfair logo

Lay £9.69 on Man City @ 1.74 = Potential liability of £7.17

Outcomes:

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

Outcome Bookie Exchange Profit/Loss
Man City win +£6.67 -£7.17 £0.50 loss
Man City don't win -£10.00 +£9.49 £0.51 loss

So, regardless of the outcome, we’ll lose a maximum of £0.51 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 Saturday 8th 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 £0.50, this gives us a potential profit of £3.50 on this Genting Bet offer!

* Man City won the match 2-1, resulting in a profit of £1.90 on this Genting Bet offer. *

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