England are odds of 9/1 with most bookmakers to win Euro 2016, but TonyBet are running a fantastic price boost offer! For a limited time only, TonyBet are offering odds of 50/1 on England to bring home the trophy! Translated into matched betting terms, this gives us a guaranteed profit of £15.85 and here’s how…
Price Boost:
The price boost is only available until 23:59 today (Wednesday 1st June 2016) and there is a maximum stake of £5.00.
In order to be able to get this price boost, we must first stake £3.00 on TonyBet’s Euro 2016 Madness competition for a chance to win £1,000,000.
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 Euro 2016 outright market by entering ‘Euro 2016’ in the search box at the top of the homepage or by using the following link trail…
Smarkets > Football > Outright > Euro 2016
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 £24.33…
Place £5.00 on England @ 51.00 = Potential profit of £250.00
Lay £24.33 on England @ 10.50 = Potential liability of £231.15
Let’s have a look at our profit/loss for the two potential outcomes…
| England win | + £250.00 – £231.15 = £18.85 profit |
| England don’t win | – £5.00 + £23.85 (£24.33 minus 2% commission) = £18.85 profit |
So, regardless of who wins Euro 2016, we will make a profit of £18.85. If we take into account, our qualifying stake of £3.00, this gives us an overall guaranteed profit of £15.85 on this TonyBet 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.