It’s Novak Djokovic v Rafael Nadal in the French Open Semi-Finals on Friday and you don’t want to miss this Betway early payout offer! Simply bet up to £20.00 on Djokovic or Nadal to win the match and if our selected player wins the first set and loses, Betway will pay us out as a winner, in cash! Translated into matched betting terms, this gives us a potential profit of £61.08 and here’s how…
Key terms
- Maximum qualifying stake of £20.00.
- Applies to single bets placed on Djokovic or Nadal in the Match Winner market.
- Applies to bets placed before the match starts, at around 16:30 on Friday 11th June 2021.
- If our selected player wins the first set and fails to win the match, 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 our selected player wins the first set, we know that Betway will pay our bet out as a winner, no matter the result. We can therefore treat it as an early payout offer. If you’re unfamiliar with early payout offers, please see my Bet365 Early Payout (2UP) guide for a walkthrough of how they should be done.
Having looked at the odds available, we could place our qualifying bet on Novak Djokovic at odds of 3.20 (11/5). If Djokovic wins the first set and fails to win the match, Betway will pay our bet out as a winner.
At the time of writing, Bet365 have the best odds for Rafael Nadal 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 £46.92 on Rafael Nadal…
Place £20.00 on Novak Djokovic @ 3.20 = Potential profit of £44.00
Place £46.92 on Rafael Nadal @ 1.364 = Potential profit of £17.08
No early payout
Let’s have a look at our potential profit/loss if Djokovic doesn’t win the first set…
| Outcome | Betway | Bet365 | Profit/Loss |
|---|---|---|---|
| Djokovic wins | + £44.00 | – £46.92 | £2.92 loss |
| Nadal wins | – £20.00 | + £17.08 | £2.92 loss |
So, worst case scenario, we’ll lose £2.92 in qualifying for this early payout offer.
Early payout!
If Djokovic 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 |
|---|---|---|---|
| Djokovic wins | + £44.00 | – £46.92 | £2.92 loss |
| Nadal wins | + £44.00 | + £17.08 | £61.08 profit |
So, if we let things run and Djokovic goes on to win, we’ll still make a loss of £2.92, but if Djokovic loses, we’ll make a profit of £61.08!
Lock in profit
If we decide to lock in a profit, we’ll need to enter the back odds for Djokovic to win at a third bookmaker. Let’s say, for example, Djokovic is odds of 1.40 at BetVictor…
As you can see, the calculator tells us that we need to stake £45.71 on Djokovic to win at BetVictor…
Place £45.71 on Novak Djokovic @ 1.40 = Potential profit of £18.28
Now let’s have a look at our overall potential profit for the possible outcomes…
| Outcome | Betway | Bet365 | BetVictor | Profit/Loss |
|---|---|---|---|---|
| Djokovic wins | + £44.00 | – £46.92 | + £18.28 | £15.36 profit |
| Nadal wins | + £44.00 | + £17.08 | – £45.71 | £15.37 profit |
So, regardless of the outcome, we would make a guaranteed profit of £15.36 on this match!
If eligible, our cash winnings will be credited within 24 hours of the match ending.
* Rafael Nadal won the first set and went on to lose the match 3-1, resulting in a loss of £2.92 on this Betway offer. *
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £90,000 worth of profit, and made it my mission to make matched betting accessible to everyone.