Cheltenham Festival 2017 gets underway on Tuesday and you don’t want to miss this Betway offer! Simply place a bet on the first and last race at Cheltenham each day and if our selection loses, Betway will refund our stake as a free bet up to a maximum of £10.00. Translated into matched betting terms, this gives us a guaranteed profit of £50.00+ and here’s how…
Qualifying Bets:
This is a risk-free offer, so we can guarantee ourselves a profit on any outcome! If you’re unsure how to do risk-free bet offers, please see my Risk-Free Bet Strategy page for a walk-through guide on how it should be done.
This offer is available on the first and last race each day as follows…
| Race | Time | Date |
|---|---|---|
| Supreme Novices’ Hurdle | 13:30 | Tuesday 14th March 2017 |
| Close Brothers Novices’ Chase | 17:30 | Tuesday 14th March 2017 |
| Neptune Novices’ Hurdle | 13:30 | Wednesday 15th March 2017 |
| Champion Bumper | 17:30 | Wednesday 15th March 2017 |
| JLT Novices’ Chase | 13:30 | Thursday 16th March 2017 |
| Kim Muir Handicap Chase | 17:30 | Thursday 16th March 2017 |
| Triumph Hurdle | 13:30 | Friday 17th March 2017 |
| Grand Annual | 17:30 | Friday 17th March 2017 |
Only bets placed after 00:00 on Monday 6th March 2017 will be eligible.
We’ll need to select horses with long odds in order to maximise our profits.
The back and lay odds should tighten up on the day of each race. In the meantime, I’ll use fictional odds for the Supreme Novices’ Hurdle in the following example to illustrate how this offer should be done each day.
I like to place my exchange lay bets with Smarkets as they have great liquidity in the run up to races and the site is really easy to use. They also charge just 2% commission compared to the 5% charged by other betting exchanges. Remember, we pay 0% commission on the first race every day with Smarkets!
We just need to select ‘Risk-Free Bet’ on my matched betting calculator and enter £8.00 as our ‘Cashback’ amount as we can expect to extract 80% of our £10.00 free bet refund as cash…
As you can see, the calculator tells us that our lay stake should be £8.36…
Place £10.00 on Crack Mome @ 10.00 = Potential profit of £90.00
Lay £8.36 on Crack Mome @ 11.00 = Potential liability of £83.60
Let’s have a look at our potential profit/loss for the possible outcomes…
| Crack Mome wins | + £90.00 – £83.60 = £6.40 profit |
| Crack Mome doesn’t win | – £10.00 + £8.36 + £8.00 (extract 80% from our £10.00 free bet) = £6.36 profit |
So, regardless of the outcome and with some good odds, we should make a guaranteed profit of £12.50+ each day. With four days of racing to look forward to, this gives us an overall guaranteed profit of £50.00+ on this Betway Cheltenham 2017 offer!
If eligible, free bets will be credited within 24 hours of our qualifying bet being settled and will be valid for 24 hours. Free bet stakes are not included in any returns.
I’ll update the following table with my actual selections after each race…
| Race | Selection | Back Odds | Lay Odds | Profit |
|---|---|---|---|---|
| Supreme Novices’ Hurdle | High Bridge | 21.00 | 22.00 | £7.18 |
| Close Brothers Novices’ Chase | Tully East | 11.00 | 12.00 | £6.33 |
| Neptune Novices’ Hurdle | Bacardys | 5.00 | 5.40 | £5.78 |
| Champion Bumper | Debuchet | 12.00 | 12.50 | £6.79 |
| JLT Novices’ Chase | Flying Angel | 12.00 | 13.50 | £6.30 |
| Kim Muir Handicap Chase | Doctor Harper | 15.00 | 16.00 | £6.71 |
| Triumph Hurdle | Master Blueyes | 8.50 | 9.40 | £6.19 |
| Grand Annual | Theinval | 12.00 | 13.00 | £6.62 |
* As you can see, I made an overall profit of £51.90 on this Betway Cheltenham 2017 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.