£297.83
Potential Profit
£-2.17
Actual Profit

The Masters 2019 Offer – Betway


Posted by Matt (administrator) Matt
Start Time: 11/04/2019 13:15

The Masters 2019 tees off on Thursday and you don’t want to miss this Betway offer! Simply place an Outright Winner bet and if our selection is leading at the end of Round 1, 2 or 3, Betway will pay our bet out as a winner. Translated into matched betting terms, this gives us a potential profit of £297.83 and here’s how…

Key Terms:

  • The minimum and maximum stakes are £5.00 and £20.00 respectively.
  • We must place our bet on the 2019 US Masters – Winner market (pre-tournament bets only).
  • If our selection is leading at the end of Round 1, 2 or 3, Betway will pay our bet out as a winner.

Qualifying Bet:

If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walk-through guide on how it should be done.

It’s entirely up to you which player you go for. Having looked at the odds available, we could place our qualifying bet on Justin Rose.

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

We can calculate our lay stake 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 £18.20…

Betway logo

Place £20.00 on Justin Rose @ 15.00 = Potential profit of £280.00

Smarkets logo

Lay £18.20 on Justin Rose @ 16.50 = Potential liability of £282.10

Outcomes:

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

OutcomeBookieExchangeProfit/Loss
Justin Rose wins having lead after a previous round+£280.00-£282.10£2.10 loss
Justin Rose wins having not lead after a previous round+£280.00-£282.10£2.10 loss
Justin Rose doesn't win having lead after a previous round+£280.00+£17.83£297.83 profit
Justin Rose doesn't win having not lead after a previous round-£20.00+£17.83£2.17 loss

So, if Justin Rose leads after Round 1, 2 or 3 but fails to win the tournament, we’ll have made a profit of £297.83!

Any other outcome and we’ll have made a maximum loss of £2.17. Risking £2.17 to make a profit of £297.83, gives us effective odds of 138.25, which I’m sure you’ll agree, makes this a profitable offer in the long run.

If eligible, pay outs will be credited in the form of cash within 24 hours of the tournament ending.

Note: If our selection is leading after Round 1, 2 or 3, we’ll have the option to place an extra back bet on our selection to win the tournament outright, to lock in a profit. If you decide to guarantee a profit, you just need to divide the sum of your potential loss and potential profit by the back odds. For example, if Justin Rose has back odds of 3.00 (2/1), you would divide £299.93 (£2.10 + £297.83) by 3.00, giving you a back stake of £99.98 and a guaranteed profit of £197.85.

* Justin Rose failed to win the tournament and did not lead after any Round, resulting in a loss of £2.17 on this Betway offer. *

Comments


  1. Guest user

    Guest user

    If I have been gubbed, can I still take part in this offer?

    +0
    Reply
    1. Matt

      104

      No I wouldn’t have thought so.

      +0
      Reply
      1. Ben_n98

        0

        Hi Matt, how would one avoid being gubbed by sites?

        +0
        Reply
        1. Matt

          104

          There’s no concrete formula for staying in the bookies good books unfortunately Ben.

          Maybe place the odd accumulator bet and have the odd spin in the casino. All we can do is mix things up as much as possible.

          +0
  2. Alex

    Guest user

    So, I placed a bet on the outright win market (and layed it) and then placed another bet for the same player to finish in the top 10. I also layed this.

    In the top 10 finish market, betfair are showing that I’ll lose the liability amount (in red) and also that I’ll gain the stake amount (in green). These are the figures shown next to the player I’ve layed (and backed at Betway).

    I don’t understand this at all. Surely if the player finishes in the top 10 I just lose the liability amount and don’t gain anything?

    +0
    Reply
    1. Matt

      104

      Is it because a 2nd-10th place finish would mean you lose your ‘Place’ lay bet but win your ‘Win’ lay bet? It’s difficult to comment without seeing a screenshot.

      +0
      Reply
  3. Nick

    Guest user

    So just to clarify….

    If the player I bet on to win, is leading after the first second or 3rd round, I can do the calculation above…. and place a bet for them to win on the bookies site?

    The calculation is using the current odds, which may be different to the original odds used prior?

    Thanks in advance. (I imagine it’s similar to the golden goal but I never really understood it).

    +0
    Reply
    1. Matt

      104

      That’s correct Nick. The calculation needs to be based on the back odds at the time of placing the extra back bet.

      +0
      Reply
  4. Alex

    Guest user

    If it’s like the golden goal scenario, I wouldn’t place the extra back bet at Betway. It lets them know exactly what you are up to and they are quick to gub. Place it with another bookie, or at an exchange.

    +0
    Reply
    1. Matt

      104

      Exactly Alex. I wasn’t suggesting we should place it at Betway but I perhaps should have made that clear. We can just place it with whoever is offering the best odds in order to maximise our profit.

      +1
      Reply
  5. Alex

    Guest user

    I know you weren’t Matt. Just thought I’d point it out as I remember someone saying they were gubbed after doing the golden goal promotion twice. I’m not sure if they did this but it got me thinking.

    +0
    Reply
    1. Matt

      104

      No worries Alex. Let’s hope McIlroy starts well…

      +0
      Reply
  6. Eddy

    Guest user

    My spare cash is a bit limited so when I’m trying to guarantee my profit can I just trade out/back on the exchange that I laid on originally?

    +0
    Reply
    1. Matt

      104

      Yes, if applicable, you can place your additional back bet at the exchange Eddy.

      +1
      Reply
  7. Ged D

    Guest user

    I have done koepka to win EW but will this also count as outright and if so when would i get my winnings as of now i havent been paid out for leading the first round albeit joint leader?

    +0
    Reply
    1. Matt

      104

      Payouts will be credited within 24 hours of the tournament ending Ged.

      I don’t have the terms to hand, but with Koepka being tied with another player for the First Round lead, I think you would be paid based on half the odds.

      +0
      Reply
  8. Vicky

    Guest user

    Well Justin Rose was rubbish… Didn’t even make the cut! Got Rahm, Fowler and Fleetwood still in for extra place bets

    +0
    Reply
    1. Matt

      104

      Not a bad three players to be on there Vicky. Makes for an interesting weekend for you!

      +1
      Reply
  9. Dave

    Guest user

    I’ve got Dustin Johnson whose 1 shot behind the leaders, still a chance (hopefully not jinxed it).

    +0
    Reply
    1. Matt

      104

      Fingers crossed for you Dave.

      +0
      Reply
  10. Frankie

    Guest user

    So I bet Molinari and layed him on Betfair. Since he led yesterday I’ve won on Betway right?

    Now I can just cash out my lay on Betfair now? Thus I win even is he continues to lead and win?

    +0
    Reply
    1. Matt

      104

      Yes you can cash out your lay bet Frankie or you can place an extra back bet on Molinari at another bookmaker, whichever gives you more profit.

      The instructions for placing an extra back bet are at the bottom of the post if you need them.

      +1
      Reply
  11. Vicky

    Guest user

    Well done Frankie!

    +0
    Reply

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