New Zealand v South Africa Offer – Genting Bet

It’s New Zealand v South Africa in the Rugby World Cup on Saturday and Genting Bet are getting in on the action! Simply place a £10.00+ pre-match bet on New Zealand v South Africa 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 £3.68 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 19th September 2019 and 10:45 (kick-off) on Saturday 21st September 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 New Zealand 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 £9.87…

Genting Bet logo

Place £10.00 on New Zealand @ 1.50 = Potential profit of £5.00

Smarkets logo

Lay £9.87 on New Zealand @ 1.54 = Potential liability of £5.32

Outcomes:

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

Outcome Bookie Exchange Profit/Loss
New Zealand win +£5.00 -£5.32 £0.32 loss
New Zealand don’t win -£10.00 +£9.67 £0.33 loss

So, regardless of the outcome, we’ll lose a maximum of £0.33 in qualifying for our potential free bet.

Free Bet:

If New Zealand or South Africa score 4 or more tries, we’ll receive a £5.00 free bet within 24 hours of our qualifying bet being settled. 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 £0.32, this gives us a potential profit of £3.68 on this Genting Bet offer!

Risking £0.33 to make a profit of £3.68, gives us effective odds of 12.15, which I’m sure you’ll agree makes this a profitable offer in the long run.

* New Zealand won the match 23-13, with neither team scoring 4 or more tries, resulting in a loss of £0.32 on this Genting Bet offer. *

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched 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.