The Masters 2021 Offer – Betway

£197.85
Potential Profit
£-2.15
Actual Profit

The Masters 2021 tees off on Thursday and you don’t want to miss this Betway early payout offer! Simply place a pre-tournament Outright Winner bet and if the player you back is the leader at the end of Round 1, Betway will pay you out as a winner. Translated into matched betting terms, this gives us a potential profit of £197.85 and here’s how…

Key terms

  • Maximum stake of £20.00.
  • Applies to bets placed pre-tournament on the 2021 US Masters – Winner market.
  • Applies only to our first qualifying bet.
  • If our player is the leader at the end of Round 1, Betway will pay us out as a winner.
  • Dead Heat rules apply for joint/co round leaders.
  • Winnings will be credited as cash within 24 hours of the tournament finishing.
  • The tournament tees off at around 13:00 (GMT) on Thursday 8th April 2021 and is due to finish on Sunday 11th April 2021.

Qualifying bet

Early payout offers have been incredibly popular for a while now. If you’d like more information about them and how they work, please see my Early Payout Offers (2UP) guide.

It’s entirely up to you which player you go for. Outright Winner odds in golf can be quite long so you may need to go with a smaller stake than £20.00 if your bankroll is stretched.

At the time of writing, Dustin Johnson is available at back odds of 10.00 (9/1) and lay odds of 11.00.

Either exchange works for this offer

We can calculate our lay stakes using my Early Payout Calculator

2-Way Dutch
Advanced

Back bet (Bookie)1st Bookie

2nd Bookie

Recommended stake
-

Lay Bet (Betting Exchange)

%
Lay stake
-
Liability
-
The bookmaker has paid out early
Back stakeStake
-
Bookie
Exchange
Total
If team wins
If team draws
If team loses
Bookie 1
Bookie 2
Bookie 3
Total
If selection wins
If selection loses

As you can see, the calculator tells us that our lay stake should be £18.21

Betway logo

Place £20.00 on Dustin Johnson @ 10.00 = Potential profit of £180.00

Betfair logo

Lay £18.21 on Dustin Johnson @ 11.00 = Potential liability of £182.10

No early payout

Let’s have a look at our potential profit/loss if there’s no early payout…

OutcomeBetwayBetfairProfit/Loss
Dustin Johnson wins+ £180.00– £182.10£2.10 loss
Dustin Johnson doesn’t win– £20.00+ £17.85£2.15 loss

So, worst case scenario, we’ll lose a maximum of £2.15 in qualifying for this offer.

Early payout!

If Dustin Johnson is the leader at the end of Round 1, we need to select the early payout toggle (in the grey section) to tell the calculator that ‘The bookmaker has paid out early‘…

2-Way Dutch
Advanced

Back bet (Bookie)1st Bookie

2nd Bookie

Recommended stake
-

Lay Bet (Betting Exchange)

%
Lay stake
-
Liability
-
The bookmaker has paid out early
Back stakeStake
-
Bookie
Exchange
Total
If team wins
If team draws
If team loses
Bookie 1
Bookie 2
Bookie 3
Total
If selection wins
If selection loses

As you can see, our potential profit/loss is as follows, now that Betway have paid out early…

OutcomeBetwayBetfairProfit/Loss
Dustin Johnson wins+ £180.00– £182.10£2.10 loss
Dustin Johnson doesn’t win+ £180.00+ £17.85£197.85 profit

So, if we let things runs and Dustin Johnson goes on to win, we’ll still lose £2.10, but if Dustin Johnson doesn’t win, we’ll make a profit of £197.85!

Lock in profit

If we decide to lock in a profit, we’ll need to enter the back odds for Dustin Johnson to win at Betfair. I’ll use back odds of 2.00 to illustrate how locking in a profit should work…

2-Way Dutch
Advanced

Back bet (Bookie)1st Bookie

2nd Bookie

Recommended stake
-

Lay Bet (Betting Exchange)

%
Lay stake
-
Liability
-
The bookmaker has paid out early
Back stakeStake
-
Bookie
Exchange
Total
If team wins
If team draws
If team loses
Bookie 1
Bookie 2
Bookie 3
Total
If selection wins
If selection loses

As you can see, the calculator tells us that we need to stake £100.16 on Dustin Johnson to win at Betfair.

Betfair logo

Place £100.16 on Dustin Johnson @ 2.00 = Potential profit of £100.16

Now let’s have a look at our overall potential profit for the possible outcomes…

OutcomeBetwayBetfairProfit/Loss
Dustin Johnson wins+ £180.00– £81.94£98.06 profit
Dustin Johnson doesn’t win+ £180.00– £81.95£98.05 profit

So, regardless of the outcome, we would make a guaranteed profit of £98.05 on this Betway early payout offer!

If eligible, our cash winnings will be credited within 24 hours of the tournament finishing.

* Justin Rose led after Round 1 and Dustin Johnson failed to make the cut, resulting in a loss of £2.15 on this Betway offer. *

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £50,000 worth of profit, and made it my mission to make matched betting accessible to everyone.