Whatever you do this weekend, DO NOT MISS this Bet365 Grand National offer! Simply place your bets on the Aintree Grand National 2016 between Thursday 7th April 2016 and midday on Saturday 9th April 2016 and Bet365 will give us half our stake back for every each-way bet we place, up to a maximum total refund of £125.00. Translated into matched betting terms, this gives us a guaranteed minimum profit of £83.28 and here’s how…
To qualify for this Bet365 Grand National offer, you must be an existing Bet365 account holder and have opened your account before 23:59 on Wednesday 6th April 2016. If you don’t already have an account, make sure you sign up to Bet365 soon to make sure you don’t miss out on any big offers in the future. Bet365 have the best welcome offer around (£200.00 matched deposit bonus) and their in play offers on some of the biggest football matches are hugely profitable.
To add to the unbeatable value, Bet365 are also Non-Runner No Bet and paying 1/4 odds for the first FIVE places on the Aintree Grand National 2016!
Qualifying Bet:
If you’re unsure about how to place qualifying bets, check out my Qualifying Bet Strategy page for a walk-through guide on how it should be done.
For this Bet365 Grand National offer, it makes sense to place our qualifying bet on one of the favourites. This will keep our outlay to a minimum. Having looked at the odds available, I’ve opted to place my qualifying bet on Saint Are.
Bet365 will refund half of our qualifying each-way bets up to a maximum of £125.00. So, in order to claim the maximum £125.00 refund, we need to place a total of £250.00 on the favourite, so £125.00 each-way.
‘Each-way’ means that half of our total stake is placed on the horse to win at the normal odds and the other half on it to finish in the top 5 places at 1/4 of the normal odds.
Place £125.00 EACH-WAY on Saint Are @ 19.00 = Total stake of £250.00
This means we have placed £125.00 on Saint Are to win at odds of 19.00 and £125.00 on Saint Are to place in the top 5 at odds of 5.50.
For those of you who aren’t overly familiar with each-way betting, we can work out the place odds of our each-way bet as follows…
19.00 (decimal odds) – 1.00 = 18/1 (fractional odds)… We then divide 18/1 by 4 which equals 4.5/1… We then add the 1.00 back on to get decimal odds of 5.50.
Laying the ‘win’ part of our each-way bet:
Now that we have broken our qualifying bet down into two separate bets, we can now lay each one at Smarkets. I like to place my exchange lay bets with Smarkets as they have great liquidity, the site is really easy to use and they only charge 2% commission, compared to the 5% charged by Betfair.
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 £108.05…
Lay £108.05 on Saint Are ‘To Win’ @ 22.00 = Potential liability of £2,269.11
Laying the ‘place’ part of our each-way bet:
Again, 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 £104.48…
Lay £104.48 on Saint Are ‘To Place (Top 4)’ @ 6.60 = Potential liability of £585.11
Let’s now have a look at our overall profit/loss for the three potential outcomes…
| Saint Are wins | + £2250.00 – £2269.11 + £562.50 – £585.11 + £125.00 refund = £83.28 profit |
| Saint Are places 2nd 3rd or 4th | – £125.00 + £105.89 + £562.50 – £585.11 + £125.00 refund = £83.28 profit |
| Saint Are places 5th | – £125.00 + £105.89 + £562.50 + £102.39 + £125.00 refund = £770.78 profit |
| Saint Are finishes outside top 5 | – £125.00 + £105.89 – £125.00 + £102.39 + £125.00 refund = £83.28 profit |
So, as you can see, no matter what the result of the race, we stand to make a minimum guaranteed profit of £83.28!
As mentioned earlier, Bet365 are paying 1/4 odds for the first 5 places. The ‘To Place’ market at Smarkets is for the first 4 places. This means that if Saint Are finishes exactly 5th, we will win both the place part of our Bet365 each-way bet and also our place lay bet at Smarkets, giving us a massive potential profit of £770.78!
You’d be forgiven for thinking it’s an unlikely outcome, but it actually came in last year for £419.04 profit!
Bookmakers often run extra place offers and they can be very profitable. If you’re interested in learning how to take advantage of them, have a read of my Extra Place Strategy guide.
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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.