Euro 2020 Offer – Grosvenor

Euro 2020 gets underway on Friday and Grosvenor are getting in on the action. Simply place a £10.00+ bet on the tournament top goalscorer and Grosvenor will give us a £2.00 free bet every time our player scores a goal! Translated into matched betting terms, this gives us a potential profit of £9.19 and here’s how…

Key terms

  • Promotion is valid until 20:00 on Friday 11th June 2021.
  • Applies to bets placed on the Euro 2020 – Top Goalscorer 2020 market.
  • Minimum stake of £10.00.
  • £2.00 free bet for every goal scored by our selected player.

Strategy

It’s entirely up to you how you play these pre-tournament offers on the outright markets.

The tournament starts on Friday 11th June 2021 and ends on Sunday 11th July 2021, meaning your funds at the betting exchange could be tied up for some time if your selected team/player does well.

That’s fine if you have a sizeable bankroll, but if not, make sure you leave yourself enough funds to do reload offers that will no doubt be available throughout the tournament.

You can reduce your overall liability at the exchange by selecting different teams/players for different offers. For example, say you place lay bets on France, England and Germany each with a liability of £100, you would only need £100 in your exchange account (not £300) as only one team can win the tournament.

Of course, another option is to not lay these pre-tournament offers at all and just let the back bets run. The free bets should cover most of the qualifying stakes and if your selected team/player wins, you’ll make a nice profit.

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 which player you go for. At the time of writing, Harry Kane is available at back odds of 8.00 (7/1) and lay odds of 8.20.

We can calculate our lay stake using my Matched Betting Calculator

As you can see, the calculator tells us that our lay stake should be £9.78…

Grosvenor logo

Place £10.00 on Harry Kane @ 8.00 = Potential profit of £70.00

Betfair logo

Lay £9.78 on Harry Kane @ 8.20 = Potential liability of £70.41

Outcomes

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

Outcome Grosvenor Betfair Profit/Loss
Kane top scores + £70.00 – £70.41 £0.41 loss
Another player top scores – £10.00 + £9.58 £0.42 loss

So, no matter the outcome, we’ll lose a maximum of £0.42 in qualifying for our potential free bets.

Free bets

We’ll receive a £2.00 free bet for every goal scored by our selected player. Free bets will be credited within 48 hours of our player scoring and will be valid for 7 days. Free bet stakes are not included in any returns.

If Harry Kane scores 6 goals in the tournament, we’ll receive £12.00 in free bets.

Using straightforward matched betting, we should be able to convert our free bets into 80% cash, so £9.60. If we take into account our qualifying loss of £0.41, this gives us a potential profit of £9.19 on this Grosvenor offer!

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