The Grand National Festival 2016 at Aintree is televised live on Channel 4 and as usual, Betway are running their popular horse racing free bet offer. Simply place three or more bets of at least £10.00 on Aintree and Betway will give us a £10.00 free bet the following day. Translated into matched betting terms, this gives us a guaranteed profit of £12.40 and here’s how…
Qualifying Bets:
If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy for a walk-through guide on how they should be done.
We’ve missed the first day, but there’s two days left to get involved.
The 5 qualifying races on Saturday 9th April 2016 are as follows…
| Time | Race |
|---|---|
| 14:25 | Mersey Novices’ Hurdle |
| 15:00 | Maghull Novices’ Chase |
| 15:40 | Liverpool Hurdle |
| 16:20 | Betfred Handicap Chase |
| 17:15 | Grand National |
We must place three eligible bets in the same day to qualify for a free bet the following day. Our qualifying bets must be placed on any of the above races at minimum odds of 1.50 (1/2) or above. A maximum of two bets per race will qualify and only those placed after 09:00 on the day of the race will be eligible.
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 in comparison to the 5% charged by other betting exchanges.
We can calculate our lay stakes using the matched betting calculator.
Aim to lose no more than £0.60 on each of our 3 qualifying bets
So we will lose approximately £1.80 in qualifying for each £10.00 free bet.
Free Bets:
Our free bets will be credited by 09:00 the day after the final eligible bet has settled and will be valid for 24 hours.
By using straightforward matched betting, we should be able to extract 80% of our 2 x £10.00 free bets as cash, so around £16.00. If we take into consideration our daily qualifying loss of £1.80, this gives us a guaranteed overall profit of £12.40!
* Unfortunately, this offer was only available on Thursday and Friday’s Channel 4 racing and did not include Saturday. Having made £6.20 profit on Thursday’s racing, my qualifying losses of £1.80 on Friday, left me with an overall profit of £4.40 on this Betway 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.