It’s Novak Djokovic v Milos Raonic in the Australian Open 4th Round on Sunday and you don’t want to miss this Betway early payout offer! Simply bet up to £20.00 on Djokovic or Raonic 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 £50.08 and here’s how…
Key terms
- Maximum qualifying stake of £20.00.
- Applies to single bets placed on Djokovic or Raonic in the Match Winner market.
- Applies to bets placed before the match starts, which is due to be at 09:15 on Sunday 14th February 2021.
- 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 walkthrough guide on how they should be done.
Having looked at the odds available, we could place our qualifying bet on Milos Raonic at odds of 2.60 (8/5). If Raonic wins the first set, Betway will pay our bet out as a winner.
At the time of writing, Bet365 have the best odds for Novak Djokovic at 1.533 (8/15).
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 £33.92 on Novak Djokovic…
Place £20.00 on Milos Raonic @ 2.60 = Potential profit of £32.00
Place £33.92 on Novak Djokovic @ 1.533 = Potential profit of £18.08
No early payout
Let’s have a look at our potential profit/loss if Raonic doesn’t win the first set…
| Outcome | Betway | Bet365 | Profit/Loss |
|---|---|---|---|
| Raonic wins | + £32.00 | – £33.92 | £1.92 loss |
| Raonic loses | – £20.00 | + £18.08 | £1.92 loss |
So, worst case scenario, we’ll lose £1.92 in qualifying for this early payout offer.
Early payout!
If Raonic 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 |
|---|---|---|---|
| Raonic wins | + £32.00 | – £33.92 | £1.92 loss |
| Raonic loses | + £32.00 | + £18.08 | £50.08 profit |
So, if we let things run and Raonic goes on to win, we’ll still make a loss of £1.92, but if Raonic loses, we’ll make a profit of £50.08!
Lock in profit
If we decide to lock in a profit, we’ll need to enter the back odds for Raonic to win at a third bookmaker. Let’s say, for example, Raonic is odds of 1.50 at BetVictor…
As you can see, the calculator tells us that we need to stake £34.67 on Raonic to win at BetVictor…
Place £34.67 on Milos Raonic @ 1.50 = Potential profit of £17.34
Now let’s have a look at our overall potential profit for the possible outcomes…
| Outcome | Betway | Bet365 | BetVictor | Profit/Loss |
|---|---|---|---|---|
| Raonic wins | + £32.00 | – £33.92 | + £17.34 | £15.42 profit |
| Raonic loses | + £32.00 | + £18.08 | – £34.67 | £15.41 profit |
So, regardless of the outcome, we would make a guaranteed profit of £15.41 on this match!
If eligible, our cash winnings will be credited within 24 hours of the match ending.
* Novak Djokovic won the first set and went on to win the match 3-1, resulting in a loss of £1.92 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.