The 2016 Cheltenham Festival is almost here and you don’t want to miss this William Hill offer! Bet £20.00+ on either of the 2 selected events and William Hill will give us a £10.00 free bet to use on the specified redemption days at Cheltenham. Translated into matched betting terms, this gives us a guaranteed profit of £14.40 and here’s how…
Qualifying Bets:
If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walk-through guide on how it should be done.
Our qualifying bets must be £20.00+ and placed pre-event at minimum odds of 1.50 (1/2) or greater to be eligible.
The qualifying events and redemption days are as follows…
| Date | Qualifying Event | Free Bet Redemption Date |
|---|---|---|
| Saturday 5th March | Tottenham v Arsenal | Day 1 – Tuesday 15th March |
| Saturday 5th March | 3.25 Newbury | Day 2 – Wednesday 16th March |
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 £0.80 on each of our 2 qualifying bets
So, we will incur a total loss of around £1.60 in qualifying for our 2 x £10.00 free bets.
Free Bets:
Free Bets will be credited to our accounts by 12:00 (midday) on the specific day of the Cheltenham Festival. Free Bets can only be used at the Cheltenham Festival on the race/day specified in the table above.
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 account our total qualifying loss of £1.60, this gives us a guaranteed profit of £14.40 on this William Hill Cheltenham offer!
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £100,000 worth of profit, and made it my mission to make matched betting accessible to everyone.