£3.47
Potential Profit
£3.47
Actual Profit

England v Australia Offer – Genting Bet


Posted by Matt (administrator) Matt
Start Time: 20/10/2019 08:15

It’s England v Australia in the Rugby World Cup 2019 Quarter-Finals on Saturday and Genting Bet are getting in on the action! Simply place a £10.00+ pre-match bet on England v Australia and if either team scores 4 or more tries, Genting Bet will give us a £5.00 free bet. Translated into matched betting terms, this gives us a potential profit of £3.47 and here’s how…

Key Terms:

  • The minimum stake to qualify is £10.00.
  • We must place our bet at odds of 1.25 (1/4) or greater.
  • Qualifying bets must be placed between 00:00 on Thursday 17th October 2019 and 08:15 (kick-off) on Saturday 19th October 2019.

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.

It’s entirely up to you what you place your qualifying bet on. Having looked at the odds available, we could place our qualifying bet on England in the Match Winner market.

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

We can calculate our lay stakes 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 £9.66…

Genting Bet logo

Place £10.00 on England @ 1.333 = Potential profit of £3.33

Smarkets logo

Lay £9.66 on England @ 1.40 = Potential liability of £3.86

Outcomes:

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

OutcomeBookieExchangeProfit/Loss
England win+£3.33-£3.86£0.53 loss
England don't win-£10.00+£9.46£0.54 loss

So, regardless of the outcome, we’ll lose a maximum of £0.54 in qualifying for our potential free bet.

Free Bet:

If England or Australia score 4 or more tries, we’ll receive a £5.00 free bet by 23:59 the same day. Free bets will be valid for 3 days and free bet stakes will not be included with any returns.

By using straightforward matched betting, we should be able to extract 80% cash from our £5.00 free bet, so £4.00. If we take into account our minimum qualifying loss of £0.53, this gives us a potential profit of £3.47 on this Genting Bet offer!

Risking £0.54 to make a profit of £3.47, gives us effective odds of 7.43, which I’m sure you’ll agree makes this a profitable offer in the long run.

* England scored 4 tries in beating Australia 40-16, resulting in a profit of £3.47 on this Genting Bet offer. *

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