It’s Day 2 of the Grand National Festival 2016 and ApolloBet are getting in on the action! Simply place a bet on the 4.05 at Aintree today (Friday) and if it loses, ApolloBet will give us half our stake back as a free bet to use on the Grand National (5.15 on Saturday). Translated into matched betting terms, this gives us a guaranteed profit of £5.67 and here’s how…
Qualifying Bets:
If you’re unsure about how to place qualifying bets, check out my Qualifying Bet Strategy page for a walk-through guide on how they should be done.
In order to claim the £10.00 maximum free bet, we will need to stake £20.00 on the 4.05 at Aintree today (Friday 8th April 2016). 5 or more runners must run to be eligible.
As we get a £10.00 free bet on the Grand National if our qualifying bet loses, we can treat this as a risk-free bet offer and so we need to select a horse with long odds.
Having looked at the odds available, I’ve opted to place my qualifying bet on Bishops Road.
I like to place my exchange lay bets with Smarkets as they have great liquidity in the run up to races, the site is really easy to use and they only charge 2% commission in comparison to the 5% charged by other betting exchanges.
We can work out our lay stake by using the ‘Risk-Free Bet’ setting on my matched betting calculator. We can enter £8.00 as our ‘Cashback’ amount as we expect to extract 80% of our Grand National £10.00 free bet as cash…
As you can see, the calculator tells us that our lay stake should be £18.03…
Place £20.00 on Bishops Road @ 13.00 = Potential profit of £240.00
Lay £18.03 on Bishops Road @ 14.00 = Potential liability of £234.33
Let’s have a look at our potential profit/loss for the possible outcomes…
| Bishops Road wins | + £240.00 – £234.33 = £5.67 profit |
| Bishops Road doesn’t win | – £20.00 + £17.67 + £8.00 (extract 80% from our £10.00 free bet) = £5.67 profit |
So, regardless of the result of the race, we will make a guaranteed profit of £5.67 on this ApolloBet offer!
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.