Kick-off time (GMT): 01/12/2016 : 18:28
There’s a big evening of greyhound racing tonight and you don’t want to miss this Betfred offer! Simply place a bet on 3 or more separate evening races from Belle Vue, Henlow, Hove, Monmore and/or Newcastle tonight and Betfred will give us a free bet to our average stake, up to £25.00. Translated into matched betting terms, this gives us a guaranteed profit of £17.00 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 1.50 (1/2) or greater, to be eligible. To qualify for the maximum £25.00 free bet, we must place bets totalling £75.00 across 3 separate evening races from the following greyhound meetings taking place tonight (Thursday 1st December 2016)…
|Racecourse||First Race||Last Race|
We will need to lay our bets for this offer on the Betfair Exchange.
NOTE: The liquidity for greyhound racing does not improve until approximately 10-15 minutes before the race starts. You should therefore only do this offer if you’re comfortable with that. If you’ve not done a greyhound offer before, you may just want to observe the changing odds or at least use lower stakes until you get the hang of things.
We can calculate our lay stakes using the matched betting calculator.
So, we will lose approximately £3.00 in qualifying for our £25.00 free bet.
Our £25.00 free bet will be credited by 11:00 on Friday 2nd December 2016 and will be valid until 09:00 on Saturday 3rd December 2016.
By using straightforward matched betting, we should be able to extract 80% of each £25.00 free bet as cash, so around £20.00. If we take into consideration our total qualifying loss of £3.00, this gives us a guaranteed profit of £17.00 on this Betfred offer.