It’s Portugal v Spain in the pick of Friday’s matches and Genting Bet are getting in on the action! Simply place a £10.00 pre-match bet on Portugal v Spain 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 £4.60 and here’s how…
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.
Qualifying bets must be placed at odds of 1.80 (4/5) or greater between 00:00 on Wednesday 13th June 2018 and 19:00 (kick-off) on Friday 15th June 2018, to be eligible.
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 Spain in the Match Result market.
At the time of writing, laying our bet at Smarkets gives us the biggest guaranteed profit.
We can calculate our lay stakes using my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £10.00…
Place £10.00 on Spain @ 2.10 = Potential profit of £11.00
Lay £10.00 on Spain @ 2.12 = Potential liability of £11.20
Let’s have a look at our potential profit/loss for the possible outcomes…
| Spain win | + £11.00 – £11.20 = £0.20 loss |
| Spain don’t win | – £10.00 + £9.80 (£10.00 minus 2% commission) = £0.20 loss |
So, regardless of the outcome, we’ll lose £0.20 in qualifying for our potential free bets.
Free Bets:
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 Saturday 16th June 2018 and will be valid for 3 days.
Free bets must be placed at odds no greater than 5.00 (4/1). By using straightforward matched betting, we should be able to extract 80% of any free bets as cash.
Therefore, if 6 goals are scored in the game, we’ll receive a £6.00 free bet, from which we can extract £4.80 cash. If we take into account our qualifying loss of £0.20, this gives us a potential profit of £4.60 on this Genting Bet offer!
* The match was drawn 3-3, resulting in a profit of £4.60 on this Genting Bet 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.