£3.27
Guaranteed Profit
£3.27
Actual Profit

US Open 2020 Offer – Genting Bet


Posted by Matt (administrator) Matt
Start Time: 31/08/2020 16:00

The US Open 2020 gets underway on Monday and you don’t want to miss this Genting Bet free bet offer! Simply place a single bet of £20.00+ on the Men’s US Open 2020 Outright Winner market and get a £5.00 free bet. Translated into matched betting terms, this gives us a guaranteed profit of £3.27 and here’s how…

Key Terms:

  • Minimum stake of £20.00 or £20.00 each way.
  • We must place a single bet on the Men’s US Open 2020 Outright Winner market.
  • Our bet must be placed before 16:00 on Monday 31st August 2020.

Qualifying Bet:

If you’re unsure about how to place qualifying bets, check out my Qualifying Bet Strategy page for a walk-through guide on how they should be done.

It’s entirely up to you which player you place your qualifying bet on. Having looked at the odds available, we could place our qualifying bet on Novak Djokovic.

At the time of writing, laying our bet at Betfair gives us the smallest qualifying loss.

Betfair are currently offering new customers 0% commission up to £500 for the first 30 days.

Banner showing the zero commission sign up offer from Betfair

Banner showing the zero commission sign up offer from Betfair

If you’re an existing Betfair customer, you can opt in to pay just 2% commission by selecting their Basic reward plan.

For more information about My Betfair Rewards and how to opt in, please see my Betfair 2% Commission page.

We can calculate our lay stake using my matched betting calculator…

Back Bet (Bookie)

%

Lay Bet (Betting Exchange)

%

Min £
Max £
Lay stake required: £
Bookie
Exchange
Cashback
Total
If back (bookie) bet wins
£
£
£
= £
If lay (exchange) bet wins
£
£
£
= £

Total profit: £

Optimal Underlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

Optimal Overlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

As you can see, the calculator tells us that our lay stake should be £19.67…

Genting Bet logo

Place £20.00 on Novak Djokovic @ 1.80 = Potential profit of £16.00

Betfair logo

Lay £19.67 on Novak Djokovic @ 1.85 = Potential liability of £16.71

Outcomes:

Let’s have a look at our potential profit/loss for the possible outcomes…

Outcome Bookie Exchange Profit/Loss
Novak Djokovic wins +£16.00 -£16.71 £0.71 loss
Novak Djokovic doesn't win -£20.00 +£19.27 £0.73 loss

So, regardless of the outcome, we’ll lose a maximum of £0.73 in qualifying for our £5.00 free bet.

Free Bet:

Our £5.00 free bet will be credited by 23:59 the following day and will be valid for 3 days. Free bet stakes are not included in any returns.

By using straightforward matched betting, we should be able to extract 80% cash from our £5.00 free bet, so £4.00. If we take into account our maximum qualifying loss of £0.73, this gives us a guaranteed profit of £3.27 on this Genting Bet offer!

* Novak Djokovic was disqualified from the US Open for accidentally hitting a ball at a line judge in his 4th round match, resulting in a profit of £3.27 on this Genting Bet offer. *

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