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…
As you can see, the calculator tells us that our lay stake should be £19.47…
Place £20.00 on Man Utd @ 2.20 = Potential profit of £24.00
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…
| Outcome | Bookie | Exchange | Profit/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. *
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.