£43.08
Potential Profit
£-0.92
Actual Profit

Man Utd v Chelsea Offer – Betway


Posted by Matt (administrator) Matt
Start Time: 11/08/2019 16:30

It’s Man Utd v Chelsea in the late kick-off on Sunday and you don’t want to miss this First Goal Wins offer from Betway! Simply bet up to £20.00 on Man Utd or Chelsea 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 £43.08 and here’s how…

Key Terms:

  • Minimum and maximum stakes of £5.00 and £20.00 respectively.
  • Qualifying single bets must be placed on Man Utd or Chelsea in the Win/Draw/Win market.
  • Qualifying bets must be placed before 16:30 (kick-off) on Sunday 11th August 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 Utd in the Win/Draw/Win market.

If Man Utd 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 Smarkets 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 £19.47…

Betway logo

Place £20.00 on Man Utd @ 2.20 = Potential profit of £24.00

Smarkets logo

Lay £19.47 on Man Utd @ 2.28 = Potential liability of £24.92

Outcomes:

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

OutcomeBookieExchangeProfit/Loss
Man Utd score first and win+£24.00-£24.92£0.92 loss
Man Utd score first and don't win+£24.00+£19.08£43.08 profit
Man Utd don't score first and win+£24.00-£24.92£0.92 loss
Man Utd don't score first and don't win-£20.00+£19.08£0.92 loss

So, if Man Utd score first and go on to draw or lose the game, we’ll receive cash winnings of £44.00, giving us a profit of £24.00 at Betway. We’ll also win £19.08 from our lay bet at Smarkets, giving us an overall potential profit of £43.08!

Any other outcome and we’ll lose £0.92. Risking £0.92 to make a profit of £43.08, gives us effective odds of 47.83, 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 £44.00 (£0.92 + £43.08) by 1.50, giving you a back stake of £29.33 and a guaranteed profit of £13.75.

* Man Utd scored first and went on to win the match 4-0, resulting in a loss of £0.92 on this Betway offer. *

Comments


  1. Ben

    Guest user

    Do you know if you’re eligible for this if you’ve had promotions restricted?

    +0
    Reply
    1. Matt

      207

      I would say that’s very unlikely Ben.

      +0
      Reply
  2. matchedbetsjon

    0

    hi matt, why if united score first and dont win do the bookies only pay out £4 rather than £24 like they would with the will hill offer ? cheers

    +0
    Reply
    1. Matt

      207

      If you stake £20.00 on Man Utd and they score first but don’t win, you only get the cash winnings of £24.00 back.

      £24.00 (cash winnings) – £20.00 (stake) = £4.00 profit

      +0
      Reply
  3. Askalaba

    Guest user

    I can’t see any mention in the T&C’s that it’s only the cash winnings you get back. I’ve interpreted the T&C’s as saying you get winnings + stake back i.e £24 in your example. The promotion simply says paid out as a winner if your team goes up.

    +0
    Reply
    1. Matt

      207

      We won’t know for sure until Sunday as the terms are very much open to interpretation.

      I always think it’s better to err on the side of caution.

      +1
      Reply
  4. S b

    Guest user

    I have called Betway and they’ve confirmed you do receive your stake back 🙂

    Not a member here just thought I’d let others know!

    Thanks

    +0
    Reply
    1. Matt

      207

      Thanks for posting. It’ll be interesting to see if that’s the case.

      +0
      Reply
    2. Matt

      207

      It seems that you do indeed receive your stake back, so I’ve updated the post to reflect that.

      +0
      Reply

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