It’s PSG v Real Madrid on Wednesday night and Genting Bet are getting in on the action! Simply place a £10.00+ pre-match bet on PSG v Real Madrid 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 £4.82 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 10:00 on Monday 16th September 2019 and 20:00 (kick-off) on Wednesday 18th September 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 PSG 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…
As you can see, the calculator tells us that our lay stake should be £9.40…
Place £10.00 on PSG @ 2.20 = Potential profit of £12.00
Lay £9.40 on PSG @ 2.36 = Potential liability of £12.78
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
Outcome | Bookie | Exchange | Profit/Loss |
---|---|---|---|
PSG win | +£12.00 | -£12.78 | £0.78 loss |
PSG don’t win | -£10.00 | +£9.21 | £0.79 loss |
So, regardless of the outcome, we’ll lose a maximum of £0.79 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 Thursday 19th September 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 £0.78, this gives us a potential profit of £4.82 on this Genting Bet offer!
* PSG won the match 3-0, resulting in a profit of £1.62 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.