The US PGA Championship 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 £216.61 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 PGA Championship – 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 Bets Guide‘ for a walkthrough 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 Brooks Koepka.
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 £16.95…
Place £20.00 on Brooks Koepka @ 11.00 = Potential profit of £200.00
Lay £16.95 on Brooks Koepka @ 13.00 = Potential liability of £203.40
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
| Outcome | Bookie | Exchange | Profit/Loss |
|---|---|---|---|
| Brooks Koepka wins having led after a previous round | +£200.00 | -£203.40 | £3.40 loss |
| Brooks Koepka wins having not led after a previous round | +£200.00 | -£203.40 | £3.40 loss |
| Brooks Koepka doesn’t win having led after a previous round | +£200.00 | +£16.61 | £216.61 profit |
| Brooks Koepka doesn’t win having not led after a previous round | -£20.00 | +£16.61 | £3.39 loss |
So, if Brooks Koepka leads after Round 1, 2 or 3 but fails to win the tournament, we’ll have made a profit of £216.61!
Any other outcome and we’ll have made a maximum loss of £3.40. Risking £3.40 to make a profit of £216.61, gives us effective odds of 64.71, 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 Brooks Koepka has back odds of 3.00 (2/1), you would divide £220.01 (£3.40 + £216.61) by 3.00, giving you a back stake of £73.34 and a guaranteed profit of £143.27.
* Brooks Koepka was the clear tournament leader at the end of Round 1. By placing an extra back bet of £86.28 at odds of 2.55 (31/20), we were able to lock in a profit of £130.33 on this Betway offer.
This is entirely optional, but I suspect many would rather lock in the substantial profit than risk making a loss if Koepka goes on to win the tournament. *
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £70,000 worth of profit, and made it my mission to make matched betting accessible to everyone.