Kick-off time (GMT): 15/12/2016 : 16:40
There’s a big evening of horse racing at Chelmsford tonight and you don’t want to miss this Betfred offer! Simply place a bet on 3 or more separate races from Chelmsford and Betfred will give us a free bet to our average stake, up to £10.00. Translated into matched betting terms, this gives us a guaranteed profit of £6.80 and here’s how…
If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy for a walk-through guide on how they should be done.
Qualifying bets must be placed at minimum odds of 2.00 (evens) or greater, to be eligible. To qualify for the maximum £10.00 free bet, we must place bets totalling £30.00 across 3 separate races from Chelmsford this evening (Thursday 15th December 2016)…
|Chelmsford||16:40 17:15 17:50 18:25 19:00 19:30 20:00|
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.
So, we will lose approximately £1.20 in qualifying for our £10.00 free bet.
Our £10.00 free bet will be credited by 11:00 on Friday 16th December 2016 and will be valid until 09:00 on Saturday 17th December 2016.
By using straightforward matched betting, we should be able to extract 80% of our £10.00 free bet as cash, so around £8.00. If we take into consideration our total qualifying loss of £1.20, this gives us a guaranteed profit of £6.80 on this Betfred offer.