It’s Jan-Lennard Struff v Frances Tiafoe in the French Open 1st Round on Monday and you don’t want to miss this Betway early payout offer! Simply bet up to £20.00 on Struff or Tiafoe 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 £50.00 and here’s how…
Key Terms:
- Maximum qualifying stake of £20.00.
- Qualifying single bets must be placed on Struff or Tiafoe in the Match Winner market.
- Qualifying bets must be placed before the match starts, which is due to be around 15:00 on Monday 28th September 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 Frances Tiafoe at odds of 2.625 (13/8). If Tiafoe wins the first set, Betway will pay our bet out as a winner.
At the time of writing, BetVictor have the best odds for Jan-Lennard Struff at 1.50 (1/2).
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 £35.00 on Jan-Lennard Struff…
Place £20.00 on Frances Tiafoe @ 2.625 = Potential profit of £32.50
Place £35.00 on Jan-Lennard Struff @ 1.50 = Potential profit of £17.50
No Early Payout:
Let’s have a look at our potential profit/loss if Tiafoe doesn’t win the first set…
| Outcome | Betway | BetVictor | Profit/Loss |
|---|---|---|---|
| Tiafoe wins | +£32.50 | -£35.00 | £2.50 loss |
| Tiafoe doesn’t win | -£20.00 | +£17.50 | £2.50 loss |
So, worst case scenario, we’ll lose £2.50 in qualifying for this early payout offer.
Early Payout!
If Tiafoe 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 | BetVictor | Profit/Loss |
|---|---|---|---|
| Tiafoe wins | +£32.50 | -£35.00 | £2.50 loss |
| Tiafoe doesn’t win | +£32.50 | +£17.50 | £50.00 profit |
So, if we let things run and Tiafoe goes on to win, we’ll still make a loss of £2.50, but if Tiafoe doesn’t win, we’ll make a profit of £50.00!
Lock in Profit:
If we decide to lock in a profit, we’ll need to enter the back odds for Tiafoe to win at a third bookmaker. Let’s say, for example, Tiafoe is odds of 1.40 at Bet365…
As you can see, the calculator tells us that we need to stake £37.50 on Tiafoe to win at Bet365…
Place £37.50 on Frances Tiafoe @ 1.40 = Potential profit of £15.00
Now let’s have a look at our overall potential profit for the possible outcomes…
| Outcome | Betway | BetVictor | Bet365 | Profit/Loss |
|---|---|---|---|---|
| Tiafoe wins | +£32.50 | -£35.00 | +£15.00 | £12.50 profit |
| Tiafoe doesn’t win | +£32.50 | +£17.50 | -£37.50 | £12.50 profit |
So, regardless of the outcome, we would make a guaranteed profit of £12.50 on this match!
If eligible, our cash winnings will be credited within 24 hours of the match ending.
* Frances Tiafoe won the first set and went on to lose the match 3-2, resulting in a profit of £50.00 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.