Everton v Liverpool Offer – Genting Bet

It’s Everton v Liverpool in the Premier League on Saturday and Genting Bet are getting in on the action! Simply place a £10.00+ pre-match bet on Everton v Liverpool and Genting Bet will give us a free bet equal to the amount of goals scored in the game. Translated into matched betting terms, this gives us a potential profit of £3.39 and here’s how…

Key Terms:

  • The minimum stake to qualify is £10.00.
  • We must place our bet at odds of 1.50 (1/2) or greater.
  • Applies to bets placed on Everton v Liverpool before 12:30 (kick-off) on Saturday 17th October 2020.
  • Maximum free bet of £5.00.

Qualifying Bet:

If you’d like more information about qualifying bets and how they work, please see my Qualifying Bets Guide.

It’s entirely up to you what you place your qualifying bet on. Having looked at the odds available, we could place our qualifying bet on Liverpool in the Match Result market.

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 stakes using my matched betting calculator…

As you can see, the calculator tells us that our lay stake should be £9.57…

Genting Bet logo

Place £10.00 on Liverpool @ 1.80 = Potential profit of £8.00

Betfair logo

Lay £9.57 on Liverpool @ 1.90 = Potential liability of £8.61

Outcomes:

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

Outcome Bookie Exchange Profit/Loss
Liverpool win +£8.00 -£8.61 £0.61 loss
Liverpool don’t win -£10.00 +£9.37 £0.63 loss

So, regardless of the outcome, we’ll lose a maximum of £0.63 in qualifying for our potential free bet.

Free Bet:

We’ll receive a free bet equal to the amount of goals scored in the game, up to a maximum of £5.00. Free bets will be credited by 23:59 on Sunday 18th October 2020 and will be valid for 3 days. Free bet stakes will not be included with any returns.

Using straightforward matched betting, we should be able to convert any free bet into 80% cash.

Therefore, if 5 goals are scored in the game, we should be able to get £4.00 cash from our £5.00 free bet. If we take into account our minimum qualifying loss of £0.61, this gives us a potential profit of £3.39 on this Genting Bet offer!

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