£51.01
Potential Profit
£-0.99
Actual Profit

Man Utd v Tottenham Offer – Betway


Posted by Matt (administrator) Matt
Start Time: 04/12/2019 19:30

It’s Man Utd v Tottenham in the Premier League on Wednesday night and you don’t want to miss this First Goal Wins offer from Betway! Simply bet up to £20.00 on Man Utd or Tottenham 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 £51.01 and here’s how…

Key Terms:

  • Maximum qualifying stake of £20.00.
  • Qualifying single bets must be placed on Man Utd or Tottenham in the Win/Draw/Win market.
  • Qualifying bets must be placed before 19:30 (kick-off) on Wednesday 4th December 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 Tottenham in the Win/Draw/Win market.

If Tottenham 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 £19.40…

Betway logo

Place £20.00 on Tottenham @ 2.60 = Potential profit of £32.00

Smarkets logo

Lay £19.40 on Tottenham @ 2.70 = Potential liability of £32.98

Outcomes:

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

OutcomeBookieExchangeProfit/Loss
Tottenham score first and win+£32.00-£32.98£0.98 loss
Tottenham score first and don't win+£32.00+£19.01£51.01 profit
Tottenham don't score first and win+£32.00-£32.98£0.98 loss
Tottenham don't score first and don't win-£20.00+£19.01£0.99 loss

So, if Tottenham score first and go on to draw or lose the game, we’ll receive cash returns of £52.00, giving us a profit of £32.00 at Betway. We’ll also win £19.01 from our lay bet at Smarkets, giving us an overall potential profit of £51.01!

Any other outcome and we’ll lose a maximum of £0.99. Risking £0.99 to make a profit of £51.01, gives us effective odds of 52.53, 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 £51.99 (£0.98 + £51.01) by 1.50, giving you a back stake of £34.66 and a guaranteed profit of £16.35.

* Man Utd scored first and went on to win the match 2-1, resulting in a loss of £0.99 on this Betway offer. *

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