Sun Bets Offer – Champions & Europa Leagues 2016/17

The Champions League is in full swing and you don’t want to miss this Sun Bets offer! Simply bet £10.00 or more on any team to win either the Champions League or Europa League and Sun Bets will give us a £3.00 free bet every time our chosen team scores 3 or more goals in a game. Translated into matched betting terms, this gives us a potential profit of £27.75 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.

It’s entirely up to you who you place your qualifying bet on. Having looked at the odds available, I’ve opted to place my qualifying bet on Barcelona in the Champions League 2016/17 Outright Winner market.

I like to place my exchange lay bets with Smarkets as they have great liquidity, the site is really easy to use and they only charge 2% commission in comparison to the 5% charged by other betting exchanges.

You can find the Champions League Winner 2016/17 market by typing ‘Champions League’ into the search box at the top of the homepage.

We can work out our lay stake by entering our odds into 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 £9.13…

sun-bets-logo-2

Place £10.00 on Barcelona @ 4.00 = Potential profit of £30.00

smarkets white

Lay £9.13 on Barcelona @ 4.40 = Potential liability of £31.25

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

Barcelona win + £30.00 – £31.05 = £1.05 loss
Barcelona don’t win – £10.00 + £8.95 (£9.13 minus 2% commission) = £1.05 loss

So, regardless of who wins the Champions League 2016/17, we will lose £1.05 in qualifying for our potential free bets.

Free Bets:

Every time Barcelona score 3 or more goals in a game, we will receive a £3.00 free bet bet within 72 hours. Free bets will be valid for 30 days.

If Barcelona were to score 3+ goals in all of their remaining 12 potential matches, we would receive £36.00 in free bets, from which we would extract 80% as cash, so £28.80. If we take into account our qualifying loss of £1.05, this gives us a potential profit of £27.75 on this Sun Bets offer!

NOTE: If you do not wish to have funds tied up in your Smarkets account for the duration of the tournament (the Final is due to be played on Saturday 3rd June 2017), you could let your back bet run as a punt. Barcelona should score plenty of goals to cover part of your £10.00 stake and if they go on to win the tournament, you’ll make a nice profit of £30.00 in addition to the free bets.

* Barcelona scored 3 or more goals in 3 of their remaining matches, meaning I made a profit of £6.15 on this Sun Bets offer. *

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £70,000 worth of profit, and made it my mission to make matched betting accessible to everyone.