Euro 2016 is almost here and you don’t want to miss this Winner offer! Simply bet £5.00 or more on the tournament outright market and if Spain or Germany win Euro 2016, Winner will refund losing bets as a free bet, up to maximum of £10.00. Translated into matched betting terms, this gives us a potential profit of £7.16 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 on the Euro 2016 Tournament Winner market between 16:00 on Friday 27th May 2016 and 20:00 on Friday 10th June 2016 to be eligible.
It’s entirely up to you who you place your qualifying bet on, but having looked at the odds available, I’ve opted to place my qualifying bet on favourites, France.
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 stake using my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £9.35…
Place £10.00 on France @ 4.00 = Potential profit of £30.00
Lay £9.35 on France @ 4.30 = Potential liability of £30.84
Let’s have a look at our potential profit/loss for the possible outcomes…
| France win | + £30.00 – £30.84 = £0.84 loss |
| Spain or Germany win | – £10.00 + £9.16 + £8.00 (extract 80% from stake refund) = £7.16 profit |
| Another country wins | – £10.00 + £9.16 = £0.84 loss |
So, if Spain or Germany win Euro 2016, we will make a nice profit of £7.16. If France or any other country wins the tournament, we’ll have made a loss of £0.84. Risking £0.84 to make a profit of £7.16, gives us effective odds of 9.52, so given that the odds of Spain and Germany winning Euro 2016, are 6.00 and 4.333 respectively, I’m sure you’ll agree this is a profitable offer in the long run.
Free bets will be credited by 12:00 on Monday 11th July 2016 and will be valid for 7 days.
If you’re unsure how to extract 80% from our £10.00 free bet, please see my free bet strategy page for a walk-through guide on how it should be done.
More reload offers – Make £300+ per month
With detailed walkthroughs for all the best offers as they’re released, you’ll be bagging recurring profits in no time.
More reload offers
Got a question?
Leave me a comment below…
I usually respond within 24 hours.
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.