£5.06
Potential Profit
£2.66
Actual Profit

Man Utd v Chelsea Offer – Genting Bet


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

It’s Man Utd v Chelsea in the Premier League on Sunday and Genting Bet are getting in on the action! Simply place a £10.00+ pre-match bet on Man Utd 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 £5.06 and here’s how…

Key Terms:

  • The minimum stake to qualify is £10.00.
  • We must place our bet at odds of 1.80 (4/5) or greater.
  • Qualifying bets must be placed between 00:00 on Friday 9th August 2019 and 16:30 (kick-off) on Sunday 11th August 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 Utd 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 £9.65…

Genting Bet logo

Place £10.00 on Man Utd @ 2.20 = Potential profit of £12.00

Smarkets logo

Lay £9.65 on Man Utd @ 2.30 = Potential liability of £12.54

Outcomes:

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

OutcomeBookieExchangeProfit/Loss
Man Utd win+£12.00-£12.54£0.54 loss
Man Utd don't win-£10.00+£9.45£0.55 loss

So, regardless of the outcome, we’ll lose a maximum of £0.55 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 Monday 12th August 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 £0.54, this gives us a potential profit of £5.06 on this Genting Bet offer!

* Man Utd won the match 4-0, resulting in a profit of £2.66 on this Genting Bet offer. *

Post a comment


Your email address will not be published. Required fields are marked *