Chelsea v Leicester – Betway

Jan 29, 2020Worth A Punt

Potential Profit: £50.46 

Offer Details:

Place a £20 bet on Chelsea v Leicester and Betway will payout your bet as a winner if your team scores first but does not go on to win the match. Using matched betting we can make a potential profit of £50.46

Key Terms:

 

  • Max Bet: £20
  • Markets: Pre-Match bets on WIN/DRAW/WIN markets
  • Bet Placement: Bets must be placed before kickoff (12:30) Saturday 1st February 
  • Restrictions: Bets on the DRAW market and enhanced odds will not be eligible
  • Result: If our team scores first but does not win our bet will be paid as a winner in cash within 24 hours

Placing Your Bet:

You can pick either team to win on the WIN/DRAW/WIN market. Looking at the odds available the best selection is to back Chelsea to win (2.60) and lay the bet with Smarkets (2.78).

After entering the odds and stake information into the calculator I can see that my required lay stake for my Smarkets bet is £18.84.

 

Profit Outcomes: 

Using the matched betting calculator this gives us a lay stake of £18.94 and a potential of £50.46 (£32 with Betway & £18.46 with Smarkets). Any other result will result in a loss of £1.54

 

Outcome Profit/Loss
Chelsea score first and win -£1.54
Chelsea score first and lose £50.46
Chelsea score first and draw £50.46
Chelsea do not score first and win -£1.54
Chelsea do not score first and lose -£1.54

s.

Result:

Chelsea scored first and went on to draw returning a profit of £50.46 

 

Potential Profit Actual Profit/Loss
 £50.46 £50.46

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