It’s Grigor Dimitrov v Stefanos Tsitsipas in the French Open 4th Round on Monday and you don’t want to miss this Betway early payout offer! Simply bet up to £20.00 on Dimitrov or Tsitsipas to win the match and if our selected player wins the first set, Betway will pay us out as a winner, in cash, no matter the final result! Translated into matched betting terms, this gives us a potential profit of £62.34 and here’s how…
Key Terms:
- Maximum qualifying stake of £20.00.
- Qualifying single bets must be placed on Dimitrov or Tsitsipas in the Match Winner market.
- Qualifying bets must be placed before the match starts, which is due to be around 11:15 on Monday 5th October 2020.
- If our selected player wins the first set, Betway will pay our bet out in cash, within 24 hours.
NOTE: Be aware that Betway have different retirement rules to Betfair and Smarkets, which could leave you exposed to a big loss in the event of a retirement. The safest way of doing this offer is dutching your qualifying bet at another bookmaker with the same retirement rules, as explained in this guide.
Qualifying Bet:
If you’re unfamiliar with early payout offers, please see my Bet365 Early Payout (2UP) guide for a walk-through guide on how they should be done.
Having looked at the odds available, we could place our qualifying bet on Grigor Dimitrov at odds of 3.25 (9/4). If Dimitrov wins the first set, Betway will pay our bet out as a winner.
At the time of writing, Bet365 have the best odds for Stefanos Tsitsipas at 1.364 (4/11).
We can calculate our stake using the ‘2-Way Dutch‘ setting on my Early Payout Calculator…
As you can see, the calculator tells us to stake £47.65 on Stefanos Tsitsipas…
Place £20.00 on Grigor Dimitrov @ 3.25 = Potential profit of £45.00
Place £47.65 on Stefanos Tsitsipas @ 1.364 = Potential profit of £17.34
No Early Payout:
Let’s have a look at our potential profit/loss if Dimitrov doesn’t win the first set…
Outcome | Betway | Bet365 | Profit/Loss |
---|---|---|---|
Dimitrov wins | +£45.00 | -£47.65 | £2.65 loss |
Dimitrov doesn’t win | -£20.00 | +£17.34 | £2.66 loss |
So, worst case scenario, we’ll lose a maximum of £2.66 in qualifying for this early payout offer.
Early Payout!
If Dimitrov wins the first set, we need to select the early payout toggle (in the grey section) to tell the calculator that ‘The bookmaker has paid out early‘…
As you can see, our potential profit/loss is as follows, now that Betway have paid out early…
Outcome | Betway | Bet365 | Profit/Loss |
---|---|---|---|
Dimitrov wins | +£45.00 | -£47.65 | £2.65 loss |
Dimitrov doesn’t win | +£45.00 | +£17.34 | £62.34 profit |
So, if we let things run and Dimitrov goes on to win, we’ll still make a loss of £2.65, but if Dimitrov doesn’t win, we’ll make a profit of £62.34!
Lock in Profit:
If we decide to lock in a profit, we’ll need to enter the back odds for Dimitrov to win at a third bookmaker. Let’s say, for example, Dimitrov is odds of 1.50 at BetVictor…
As you can see, the calculator tells us that we need to stake £43.33 on Dimitrov to win at BetVictor…
Place £43.33 on Grigor Dimitrov @ 1.50 = Potential profit of £21.67
Now let’s have a look at our overall potential profit for the possible outcomes…
Outcome | Betway | Bet365 | BetVictor | Profit/Loss |
---|---|---|---|---|
Dimitrov wins | +£45.00 | -£47.65 | +£21.67 | £19.02 profit |
Dimitrov doesn’t win | +£45.00 | +£17.34 | -£43.33 | £19.01 profit |
So, regardless of the outcome, we would make a guaranteed profit of £19.01 on this match!
If eligible, our cash winnings will be credited within 24 hours of the match ending.
* Stefanos Tsitsipas won the first set and went on to win the match 3-0, resulting in a loss of £2.66 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.