It’s Stefanos Tsitsipas v Rafael Nadal in the Australian Open Quarter-Finals on Wednesday and you don’t want to miss this Betway early payout offer! Simply bet up to £20.00 on Tsitsipas or Nadal 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 £29.09 and here’s how…
- Maximum qualifying stake of £20.00.
- Applies to single bets placed on Tsitsipas or Nadal in the Match Winner market.
- Applies to bets placed before the match starts, which is due to be at 08:30 on Wednesday 17th 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.
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 Rafael Nadal at odds of 1.50 (1/2). If Nadal 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 2.75 (7/4).
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 £10.91 on Stefanos Tsitsipas…
Place £20.00 on Rafael Nadal @ 1.50 = Potential profit of £10.00
Place £10.91 on Stefanos Tsitsipas @ 2.75 = Potential profit of £19.09
No early payout
Let’s have a look at our potential profit/loss if Nadal doesn’t win the first set…
So, worst case scenario, we’ll lose £0.91 in qualifying for this early payout offer.
If Nadal 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…
So, if we let things run and Nadal goes on to win, we’ll still make a loss of £0.91, but if Nadal loses, we’ll make a profit of £29.09!
Lock in profit
If we decide to lock in a profit, we’ll need to enter the back odds for Nadal to win at a third bookmaker. Let’s say, for example, Nadal is odds of 1.25 at BetVictor…
As you can see, the calculator tells us that we need to stake £24.00 on Nadal to win at BetVictor…
Place £24.00 on Rafael Nadal @ 1.25 = Potential profit of £6.00
Now let’s have a look at our overall potential profit for the possible outcomes…
So, regardless of the outcome, we would make a guaranteed profit of £5.09 on this match!
If eligible, our cash winnings will be credited within 24 hours of the match ending.
* Nadal won the first set and went on to lose the match 3-2, resulting in a profit of £29.09 on this Betway offer. *
Get this Betway early payout offer