The US PGA Championship 2018 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 the First Round, Betway will pay our bet out as a winner. Translated into matched betting terms, this gives us a potential profit of £297.31 and here’s how…
Key Terms:
- Qualifying bets must be placed before the tournament gets underway at 12:50 on Thursday 9th August 2018.
- The minimum and maximum stakes for this offer are £5.00 and £20.00 respectively.
- If our selection leads at the end of the First Round, our bet will be paid out as a winner, in cash.
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.
Having looked at the odds available, we could place our qualifying bet on the defending champion, Justin Thomas.
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…
As you can see, the calculator tells us that our lay stake should be £17.67…
Place £20.00 on Justin Thomas @ 15.00 = Potential profit of £280.00
Lay £17.67 on Justin Thomas @ 17.00 = Potential liability of £282.72
Let’s have a look at our potential profit/loss for the possible outcomes…
| Justin Thomas wins having led after First Round | + £280.00 – £282.72 = £2.72 loss |
| Justin Thomas wins having not led after First Round | + £280.00 – £282.72 = £2.72 loss |
| Justin Thomas doesn’t win having led after First Round | + £280.00 (paid as a winner) + £17.31 = £297.31 profit |
| Justin Thomas doesn’t win having not led after First Round | – £20.00 + £17.31 = £2.69 loss |
So, if Justin Thomas leads after the First Round but fails to win the tournament, we’ll have made a profit of £297.31. Any other outcome and we’ll have made a maximum loss of £2.72. Risking £2.72 to make a profit of £297.31, gives us effective odds of 110.31, which I’m sure you’ll agree, makes this a very profitable offer in the long run.
If eligible, pay outs will be credited within 24 hours of the tournament ending.
NOTE: If our selection is leading after the First Round, we’ll have the option to place an extra back bet on our selection to win the tournament outright, in order to lock in a guaranteed profit. To calculate our back stake, we would just need to divide our qualifying loss plus our potential profit by the back odds. So, using the above example, if Justin Thomas has back odds of 4.00 (3/1), we would divide £300.00 by 4.00, which gives us a back stake of £75.00 and a guaranteed profit of £222.28.
* Justin Thomas did not lead after the First Round and finished tied for 6th place, resulting in a loss of £2.69 on this Betway offer. *
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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.