£7.12
Guaranteed Profit
£7.14
Actual Profit

PSG v Bayern Munich Offer – Virgin Bet


Posted by Matt (administrator) Matt
Start Time: 23/08/2020 20:00

It’s PSG v Bayern Munich in the Champions League Final on Sunday night and you don’t want to miss this Virgin Bet free bet offer! Simply place a £20.00+ pre-match bet on PSG v Bayern Munich and Virgin Bet will give us a £10.00 free bet to use once the match gets underway. Translated into matched betting terms, this gives us a guaranteed profit of £7.12 and here’s how…

Key Terms:

  • We must place 1 x £20.00+ cash bet on PSG v Bayern Munich.
  • Qualifying bet must be placed between 00:00 and 20:00 (kick-off) on Sunday 23rd August 2020.
  • Minimum odds of 1.80 (4/5).
  • We must accept and use our free bet before 22:00 on Saturday 23rd August 2020.

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 Bayern Munich in the FT 1X2 market.

At the time of writing, laying our bet at Betfair gives us the smallest qualifying loss.

Betfair are currently offering new customers 0% commission up to £500 for the first 30 days.

Banner showing the zero commission sign up offer from Betfair

Banner showing the zero commission sign up offer from Betfair

If you’re an existing Betfair customer, you can opt in to pay just 2% commission by selecting their Basic reward plan.

For more information about My Betfair Rewards and how to opt in, please see my Betfair 2% Commission page.

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 £19.52…

Virgin Bet logo

Place £20.00 on Bayern Munich @ 2.05 = Potential profit of £21.00

Betfair logo

Lay £19.52 on Bayern Munich @ 2.12 = Potential liability of £21.86

Outcomes:

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

Outcome Bookie Exchange Profit/Loss
Bayern Munich win +£21.00 -£21.86 £0.86 loss
Bayern Munich don't win -£20.00 +£19.12 £0.88 loss

So, regardless of the outcome, we’ll lose a maximum of £0.88 in qualifying for our £10.00 free bet.

Free Bet:

We must accept and use our £10.00 free bet before 22:00 on Sunday 23rd August 2020. Free bets must be used in play on PSG v Bayern Munich and free bet stakes are not included in any returns.

By using straightforward matched betting, we should be able to extract 80% cash from our £10.00 free bet, so £8.00. If we take into account our maximum qualifying loss of £0.88, this gives us a guaranteed profit of £7.12 on this Virgin Bet offer!

* Bayern Munich won the match 1-0, resulting in a profit of £7.14 on this Virgin Bet offer. *

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