£67.49
Potential Profit
£-2.51
Actual Profit

Djokovic v Tsitsipas Offer – Betway


Posted by Matt (administrator) Matt
Start Time: 09/10/2020 16:00

It’s Novak Djokovic v Stefanos Tsitsipas 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 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 £67.49 and here’s how…

Key Terms:

  • Maximum qualifying stake of £20.00.
  • Qualifying single bets must be placed on Djokovic or Tsitsipas in the Match Winner market.
  • Qualifying bets must be placed before the match starts, which is due to be around 16:00 on Friday 9th 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 Stefanos Tsitsipas at odds of 3.50 (5/2). If Tsitsipas 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 1.333 (1/3).

We can calculate our stake using the ‘2-Way Dutch‘ setting on my Early Payout Calculator

2-Way Dutch
Advanced

Back bet (Bookie)1st Bookie

2nd Bookie

Recommended stake
-

Lay Bet (Betting Exchange)

%
Lay stake
-
Liability
-
The bookmaker has paid out early
Back stakeStake
-
Bookie
Exchange
Total
If team wins
If team draws
If team loses
Bookie 1
Bookie 2
Bookie 3
Total
If selection wins
If selection loses

As you can see, the calculator tells us to stake £52.51 on Novak Djokovic

Betway logo

Place £20.00 on Stefanos Tsitsipas @ 3.50 = Potential profit of £50.00

Bet365 logo

Place £52.51 on Novak Djokovic @ 1.333 = Potential profit of £17.49

No Early Payout:

Let’s have a look at our potential profit/loss if Tsitsipas doesn’t win the first set…

Outcome Betway Bet365 Profit/Loss
Tsitsipas wins +£50.00 -£52.51 £2.51 loss
Tsitsipas doesn't win -£20.00 +£17.49 £2.51 loss

So, worst case scenario, we’ll lose £2.51 in qualifying for this early payout offer.

Early Payout!

If Tsitsipas 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‘…

2-Way Dutch
Advanced

Back bet (Bookie)1st Bookie

2nd Bookie

Recommended stake
-

Lay Bet (Betting Exchange)

%
Lay stake
-
Liability
-
The bookmaker has paid out early
Back stakeStake
-
Bookie
Exchange
Total
If team wins
If team draws
If team loses
Bookie 1
Bookie 2
Bookie 3
Total
If selection wins
If selection loses

As you can see, our potential profit/loss is as follows, now that Betway have paid out early…

Outcome Betway Bet365 Profit/Loss
Tsitsipas wins +£50.00 -£52.51 £2.51 loss
Tsitsipas doesn't win +£50.00 +£17.49 £67.49 profit

So, if we let things run and Tsitsipas goes on to win, we’ll still make a loss of £2.51, but if Tsitsipas doesn’t win, we’ll make a profit of £67.49!

Lock in Profit:

If we decide to lock in a profit, we’ll need to enter the back odds for Tsitsipas to win at a third bookmaker. Let’s say, for example, Tsitsipas is odds of 1.50 at BetVictor…

2-Way Dutch
Advanced

Back bet (Bookie)1st Bookie

2nd Bookie

Recommended stake
-

Lay Bet (Betting Exchange)

%
Lay stake
-
Liability
-
The bookmaker has paid out early
Back stakeStake
-
Bookie
Exchange
Total
If team wins
If team draws
If team loses
Bookie 1
Bookie 2
Bookie 3
Total
If selection wins
If selection loses

As you can see, the calculator tells us that we need to stake £46.66 on Tsitsipas to win at BetVictor…

BetVictor logo

Place £46.66 on Stefanos Tsitsipas @ 1.50 = Potential profit of £23.33

Now let’s have a look at our overall potential profit for the possible outcomes…

Outcome Betway Bet365 BetVictor Profit/Loss
Tsitsipas wins +£50.00 -£52.51 +£23.33 £20.82 profit
Tsitsipas doesn't win +£50.00 +£17.49 -£46.66 £20.83 profit

So, regardless of the outcome, we would make a guaranteed profit of £20.82 on this match!

If eligible, our cash winnings will be credited within 24 hours of the match ending.

* Djokovic won the first set and went on to win the match 3-2, resulting in a loss of £2.51 on this Betway offer. *

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