The Goodwood Festival gets underway this afternoon and Unibet are getting in on the action! If our horse finishes 2nd or 3rd in the 14:00 at Goodwood, Unibet will refund our stake as a free bet, up to a maximum of £10.00. Translated into matched betting terms, this gives us a potential profit of £7.40 and here’s how…
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 they should be done.
To be eligible, we must bet exactly £10.00 on the winner market (each way bets will not be included) of the 14:00 at Goodwood today.
It’s entirely up to you which horse you go for, but it would make sense to select a horse with fairly short odds in the hope of a 2nd or 3rd placed finish. Having looked at the odds available, I’ve opted to place my qualifying bet on Second Wave.
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 calculate our lay stake using my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £9.59…
Place £10.00 on Second Wave @ 9.00 = Potential profit of £80.00
Lay £9.59 on Second Wave @ 9.40 = Potential liability of £80.60
Let’s have a look at our potential profit/loss for the possible outcomes…
| Second Wave wins | + £80.00 – £80.60 = £0.60 loss |
| Second Wave places 2nd or 3rd | – £10.00 + £9.40 + £8.00 (extract 80% from our £10.00 free bet) = £7.40 profit |
| Second Wave finishes outside top 3 | – £10.00 + £9.40 = £0.60 loss |
So, we will make a nice profit of £7.40 if Second Wave places 2nd or 3rd and we stand to lose £0.60 on any other outcome. Risking £0.60 to make £7.40 profit gives us effective odds of 13.33, which I’m sure you’ll agree, makes this a profitable offer in the long run.
If our horse finishes 2nd or 3rd, our £10.00 free bet will be credited before 12:00 on Wednesday 27th July 2016.
If you’re unsure how to extract 80% of a £10.00 free bet, check out my Free Bet Strategy page for a walk-through guide on how it should be done.
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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.