Ireland face Argentina in the early quarter-final today and Betway are getting in on the action with a great offer on the big game. Simply place a Match Winner bet on any 2015 Rugby World Cup knock-out match and if our team is winning at half-time and go on to lose, Betway will refund losing bets as a free bet up to a maximum of £25.00. Translated into matched betting terms, this gives us a potential profit of £19.89 and here’s how…
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, I’ve opted to place my qualifying bet on Ireland to win.
We can calculate our lay stakes using the matched betting calculator.
Place £25.00 on Ireland @ 1.666 = Potential profit of £16.65
Lay £25.40 on Ireland @ 1.66 = Potential liability of £16.76
Let’s have a look at our potential profit/loss for the three outcomes…
| Ireland are winning at half-time and go on to win | +£16.65 – £16.76 = £0.11 loss |
| Ireland are winning at half-time and go on to lose | -£25.00 + £24.89 + £20.00 (80% extracted from £25.00 free bet) = £19.89 profit |
| Ireland aren’t winning at half-time and go on to win | +£16.65 – £16.76 = £0.11 loss |
| Ireland aren’t winning at half-time and go on to lose | -£25.00 + £24.89 = £0.11 loss |
So if Ireland are winning at half-time and go on to lose, we will make a nice profit of £19.89! Any other outcome and we will have made a loss of £0.11. Risking £0.11 to make a potential profit of £19.89 gives us effective odds of 181.82. The fact that Ireland/Argentina in the HT/FT market is only 8.00, makes this a very profitable offer in the long run.
If you’re unsure how to extract 80% of our £25.00 free bet, check out my Free Bet Strategy page for a walk-through guide on how it should be done.
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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.