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The Masters 2021 Offer – Betway | Matched Betting Blog


The Masters 2021 tees off on Thursday and you don’t want to miss this Betway early payout offer! Simply place a pre-tournament Outright Winner bet and if the player you back is the leader at the end of Round 1, Betway will pay you out as a winner. Translated into matched betting terms, this gives us a potential profit of £197.85 and here’s how…

Key terms

  • Maximum stake of £20.00.
  • Applies to bets placed pre-tournament on the 2021 US Masters – Winner market.
  • Applies only to our first qualifying bet.
  • If our player is the leader at the end of Round 1, Betway will pay us out as a winner.
  • Dead Heat rules apply for joint/co round leaders.
  • Winnings will be credited as cash within 24 hours of the tournament finishing.
  • The tournament tees off at around 12:00 (GMT) on Thursday 8th April 2021 and is due to finish on Sunday 11th April 2021.

Qualifying bet

Early payout offers have been incredibly popular for a while now. If you’d like more information about them and how they work, please see my Early Payout Offers (2UP) guide.

It’s entirely up to you which player you go for. Outright Winner odds in golf can be quite long so you may need to go with a smaller stake than £20.00 if your bankroll is stretched.

At the time of writing, Dustin Johnson is available at back odds of 10.00 (9/1) and lay odds of 11.00.

We can calculate our lay stakes 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 our lay stake should be £18.21

Betway logo

Place £20.00 on Dustin Johnson @ 10.00 = Potential profit of £180.00

Betfair logo

Lay £18.21 on Dustin Johnson @ 11.00 = Potential liability of £182.10

No early payout

Let’s have a look at our potential profit/loss if there’s no early payout…

Outcome Betway Betfair Profit/Loss
Dustin Johnson wins + £180.00 – £182.10 £2.10 loss
Dustin Johnson doesn’t win – £20.00 + £17.85 £2.15 loss

So, worst case scenario, we’ll lose a maximum of £2.15 in qualifying for this offer.

Early payout!

If Dustin Johnson is the leader at the end of Round 1, 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 Betway Betfair Profit/Loss
Dustin Johnson wins + £180.00 – £182.10 £2.10 loss
Dustin Johnson doesn’t win + £180.00 + £17.85 £197.85 profit

So, if we let things runs and Dustin Johnson goes on to win, we’ll still lose £2.10, but if Dustin Johnson doesn’t win, we’ll make a profit of £197.85!

Lock in profit

If we decide to lock in a profit, we’ll need to enter the back odds for Dustin Johnson to win at Betfair. I’ll use back odds of 2.00 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 £100.16 on Dustin Johnson to win at Betfair.

Betfair logo

Place £100.16 on Dustin Johnson @ 2.00 = Potential profit of £100.16

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

Outcome Betway Betfair Profit/Loss
Dustin Johnson wins + £180.00 – £81.94 £98.06 profit
Dustin Johnson doesn’t win + £180.00 – £81.95 £98.05 profit

So, regardless of the outcome, we would make a guaranteed profit of £98.05 on this Betway early payout offer!

If eligible, our cash winnings will be credited within 24 hours of the tournament finishing.



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