It’s Man Utd v Chelsea in the Premier League on Saturday and you don’t want to miss this Betway early payout offer! Simply bet up to £10.00 on Man Utd or Chelsea to win the match and if our selected team scores first, 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 £24.64 and here’s how…

Key Terms:

  • Maximum qualifying stake of £10.00.
  • Qualifying single bets must be placed on Man Utd or Chelsea in the Win/Draw/Win market.
  • Qualifying bets must be placed before 17:30 (kick-off) on Saturday 24th October 2020.
  • If our selected team score first, Betway will pay our bet out in cash, within minutes.

Qualifying Bet:

If you’re unfamiliar with early payout offers, please see my Bet365 Early Payout (2UP) guide for a walk-through of how they should be done.

Having looked at the odds available, we could place our qualifying bet on Man Utd. If Man Utd score first, Betway will pay our bet out as a winner.

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 Early Payout Calculator

Back bet (Bookie)1st Bookie

Lay Bet (Betting Exchange)

Bookie 1

Bookie 2

Bookie 3

Total

As you can see, the calculator tells us that we should lay £9.84 against Man Utd

Betway logo

Place £10.00 on Man Utd @ 2.50 = Potential profit of £15.00

Betfair logo

Lay £9.84 on Man Utd @ 2.56 = Potential liability of £15.35

No Early Payout:

Let’s have a look at our potential profit/loss if Man Utd don’t score first…

Outcome Bookie Exchange Profit/Loss
Man Utd win +£15.00 -£15.35 £0.35 loss
Man Utd don’t win -£10.00 +£9.64 £0.36 loss

So, worst case scenario, we’ll lose a maximum of £0.36 in qualifying for this offer.

Early Payout!

If Man Utd score first, we need to select the early payout toggle (in the grey section) to tell the calculator that ‘The bookmaker has paid out early‘…

Back bet (Bookie)1st Bookie

Lay Bet (Betting Exchange)

Bookie 1

Bookie 2

Bookie 3

Total

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

Outcome Bookie Exchange Profit/Loss
Man Utd win +£15.00 -£15.35 £0.35 loss
Man Utd don’t win +£15.00 +£9.64 £24.64 profit

So, if we let things run and Man Utd go on to win, we’ll still lose £0.35, but if Man Utd draw or lose, we’ll make a profit of £24.64!

Lock in Profit:

If we decide to lock in a profit, we’ll need to enter the back odds for Man Utd to win at Betfair. I’ll use back odds of 1.50 to illustrate how locking in a profit should work…

Back bet (Bookie)1st Bookie

Lay Bet (Betting Exchange)

Bookie 1

Bookie 2

Bookie 3

Total

As you can see, the calculator tells us that we need to stake £16.79 on Man Utd to win at Betfair.

Betfair logo

Place £16.79 on Man Utd @ 1.50 = Potential profit of £8.40

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

Outcome Bookie Exchange Profit/Loss
Man Utd win +£15.00 -£6.95 £8.05 profit
Man Utd don’t win +£15.00 -£6.95 £8.05 profit

So, regardless of the outcome, we would make a guaranteed profit of £8.05 on this match!

If eligible, our cash winnings will be credited within minutes of the first goal being scored, but allow up to 24 hours.



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