£10 cashback for every goal your team scores at Euro 2016 (when you buy a £700 TV)

By MoneySavingExpert's Coupon Kid, Jordon Cox

The Euros are just around the corner and if you want to score a cheap TV, there’s a chance you could net yourself a big discount at Currys if your team does well…

Buy a new TV at Currys costing at least £699 and its new promotion, ‘Cash for Goals’, promises £10 cashback for each and every goal your chosen team scores.

Unfortunately, you can only back England, Wales, Northern Ireland or Republic of Ireland – there’s no option to pick the bookie’s favourites Germany or Spain – and Fifa competitions on your Xbox/Playstation don’t count towards this either.

Of course, this is only worth considering if you’re already planning to buy a TV that’s within the £700 price range. We’re not suggesting anyone simply takes a punt, as unlike most offers, there’s no guarantee you’ll get any money off.

Analysis… what are the chances of getting a TV for FREE?

Let’s not get overexcited. The odds of a team scoring 70+ goals are 10,000/1 at best. So these are your chances of getting a £700 TV for ‘free’ after cashback’s paid (70 x £10 a goal). Basically, slim to none – but I don’t think we really needed the odds to know that.

The team statistically most likely to score goals out of the selection is England (I’m not just saying that because I’m English, I promise). So I’m going to use England’s past performances as a benchmark to predict what might happen in Euro 2016:

Looking at the table, if England are able to match their ‘most goals’ record of the last 20 years, the maximum cashback I should expect to earn is £100 – effectively 14% off a £699 telly, so for example, a Samsung 50-inch 4K Smart TV for £599 after cashback.

And if your team puts in an average performance? Well, England’s 20-year average is seven goals (ignoring Euro 2008, when England failed to qualify), which means a grand total of £70 cashback – 10% discount on the same £699 spend.

Yet there’s good news for eternal optimists. Currys says there’s no upper limit to how much cashback you can earn. This means, if your team does somehow score 70 goals (bearing in mind they’d need to average 10+ goals per game), you can technically get a ‘free’ TV after cashback. But again, I wouldn’t put a £700 bet on it.

So… is it worth it?

As you can see, when you cut through the marketing spiel (and remember, this is basically a sales gimmick for Currys), the most likely outcome is £50-£100 off a TV if you’re lucky. But remember, you may get nothing at all – so as always you should have a look for cheap TVs elsewhere, making sure you can’t find a better deal.

Having said that, if you’re planning on buying a new TV to watch the Euros, and Currys has the one you want at the best price around, you haven’t much to lose by taking part in the promotion and it’s possible you’ll get some of your money back.

How do I sign up?

To be eligible, you’ll need to buy a TV worth £699 or more from Currys* in store or online between Saturday 28 April and Wednesday 8 June. You then need to register it on the Cash for Goals website within 5 days of purchasing and select your team.

Once the tournament’s over, you need to revisit the site between Friday 15 July and Sunday 31 July to claim cashback based on how many goals were scored. It won’t be issued automatically.

After you’ve claimed your cashback, Currys says you should find the money’s transferred into your account within five working days.

Any exclusions?

The number of goals counted for cashback includes the 90 minutes of play, injury time, extra time, own goals and regular penalties – but not penalty shootouts. You can enter up to three times per household, but of course this means buying three TVs so isn’t going to apply to very many.

If you’re buying a TV and take advantage of this promotion, keep your fingers crossed and let me know how you get on.

What do you think? Would you gamble for cashback and risk paying full price? Leave your comments below, on Twitter @Jordon_Cox or on Facebook.