£17.76
Potential Profit
£-2.24
Actual Profit

The Open Championship 2019 Offer – QuinnBet


Posted by Matt (administrator) Matt
Start Time: 18/07/2019 06:35

The Open Championship 2019 tees off on Thursday and it’s time for a QuinnBet Money Back Special! If our selected player finishes 2nd, 3rd, 4th or 5th, QuinnBet will refund our stake as a free bet, up to a maximum of £20.00. Translated into matched betting terms, this gives us a potential profit of £17.76 and here’s how…

Banner showing the Open Championship 2019 offer from QuinnBet

Key Terms:

  • Applies to win singles and the win part of each way bets.
  • Applies to bets placed on The Open Championship 2019 – Outright market.
  • Qualifying bets must be placed before 06:35 (first tee-off) on Thursday 18th July 2019.
  • If our selected player finishes 2nd, 3rd, 4th or 5th (including ties), QuinnBet will refund our stake as a free bet, up to £20.00.

Qualifying Bet:

If you’re unsure about how to place qualifying bets, check out my Qualifying Bet Strategy page for a walk-through guide on how they should be done.

It’s entirely up to you which player you go for, but it would make sense to select a player with fairly short odds in the hope of a 2nd, 3rd, 4th or 5th place finish.

Having looked at the odds available, we could place our qualifying bet on Rory McIlroy. Rory McIlroy has finished in the top 5 in each of his last four Open Championship appearances.

At the time of writing, laying our bet with 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 £18.13…

QuinnBet logo

Place £20.00 on Rory McIlroy @ 9.50 = Potential profit of £170.00

Smarkets logo

Lay £18.13 on Rory McIlroy @ 10.50 = Potential liability of £172.23

Outcomes:

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

OutcomeBookieExchangeCashbackProfit/Loss
Rory McIlroy wins+£170.00-£172.23£2.23 loss
Rory McIlroy finishes 2nd 3rd 4th or 5th-£20.00+£17.76+£20.00£17.76 profit
Rory McIlroy finishes outside top 5-£20.00+£17.76£2.24 loss

So, we’ll make a nice profit of £17.76 if Rory McIlroy finishes 2nd, 3rd, 4th or 5th and we stand to lose a maximum of £2.24 on any other outcome. Risking £2.24 to make a profit of £17.76 gives us effective odds of 8.93, which I’m sure you’ll agree, makes this a profitable offer in the long run.

If eligible, our free bet will be credited within 24 hours and will be valid for 7 days. Free bet stakes will not be included in any returns.

* Rory McIlroy failed to make the cut, resulting in a loss of £2.24 on this QuinnBet offer. *

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