£297.84
Potential Profit
£-2.16
Actual Profit

US Open 2020 Offer – Virgin Bet


Posted by Matt (administrator) Matt
Start Time: 17/09/2020 11:50

The US Open tees off on Thursday and you don’t want to miss this Virgin Bet early payout offer! Simply place a pre-tournament bet on the outright winner and if your selected player is leading at the end of Round 1, Virgin Bet will pay you out as a winner. Translated into matched betting terms, this gives us a potential profit of £297.84 and here’s how…

Key Terms:

  • Maximum eligible stake of £20.00.
  • Applies to bets placed on the US Open – Winner market.
  • Applies to bets placed before 11:50 (first tee) on Thursday 17th September 2020.
  • If our selected player is leading at the end of Round 1, Virgin Bet will pay us out as a winner.
  • Dead heat rules apply for joint/co round leaders.

Qualifying Bet:

Virgin Bet will pay our bet out as a winner if our selected player is leading at the end of Round 1. Early payout offers like this one have been incredibly popular for a while now.

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.

Having looked at the odds available, we could place our qualifying bet on Xander Schauffele.

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

Betfair are currently offering new customers 0% commission up to £500 for the first 30 days.

Banner showing the zero commission sign up offer from Betfair

Banner showing the zero commission sign up offer from Betfair

If you’re an existing Betfair customer, you can opt in to pay just 2% commission by selecting their Basic reward plan.

For more information about My Betfair Rewards and how to opt in, please see my Betfair 2% Commission page.

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 £18.20

Virgin Bet logo

Place £20.00 on Xander Schauffele @ 15.00 = Potential profit of £280.00

Betfair logo

Lay £18.20 on Xander Schauffele @ 16.50 = Potential liability of £282.10

No Early Payout:

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

Outcome Bookie Exchange Profit/Loss
Schauffele wins +£280.00 -£282.10 £2.10 loss
Schauffele doesn't win -£20.00 +£17.84 £2.16 loss

So, worst case scenario, we’ll lose a maximum of £2.16 in qualifying for this offer.

Early Payout!

If Schauffele is leading 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…

Outcome Bookie Exchange Profit/Loss
Schauffele wins +£280.00 -£282.10 £2.10 loss
Schauffele doesn't win +£280.00 +£17.84 +£297.84 profit

So, if we let things runs and Schauffele goes on to win, we’ll still lose £2.10, but if Schauffele doesn’t win, we’ll make a profit of £297.84!

Lock in Profit:

If we decide to lock in a profit, we’ll need to enter the back odds for Schauffele 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 £150.15 on Xander Schauffele to win at Betfair.

Betfair logo

Place £150.15 on Xander Schauffele @ 2.00 = Potential profit of £150.15

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

Outcome Bookie Exchange Profit/Loss
Schauffele wins +£280.00 -£131.95 +£148.05 profit
Schauffele doesn't win +£280.00 -£131.95 +£148.05 profit

So, regardless of the outcome, we would make a guaranteed profit of £148.05!

With early payout offers, we’ll make a small loss the majority of the time, but when the early payout is triggered, the returns can be very nice indeed.

* Justin Thomas was leader at the end of Round 1 and Xander Schauffele failed to win the tournament, resulting in a loss of £2.16 on this Virgin Bet offer. *

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