10Bet Offer – Ebor Festival 2016

The Ebor Festival 2016 gets underway at York today and you don’t want to miss this 10Bet offer! Simple place 5 or more Single bets on the Ebor Festival 2016 and 10Bet will give us 20% cashback on our first 5 non-winning bets, as a free bet, up to £50.00. Translated into matched betting terms, this gives us a guaranteed profit of £25.00-£28.00 and here’s how…

The Terms:

We must opt-in on the promotion page, to be eligible.

This offer is valid from 00:00 on Tuesday 16th August 2016 until the conclusion of the Yorkshire Ebor Festival, which is due to take place from Wednesday 17th August 2016 until Saturday 20th August 2016.

A qualifying bet is a bet placed on any Ebor Festival market which is settled as lost.

The amount of the free bet will be equal to 20% of the cumulative stake of all five losing bets. Therefore, in order to claim the maximum £50.00 free bet, we need to place 5 losing bets of £50.00.

Qualifying Bets:

It’s entirely up to you which horses you place your qualifying bets on, as long as you place them on selections with tight back and lay odds in order to minimise our qualifying losses.

We just need to keep placing £50.00 bets until we have lost 5 in total, at which point, we will have qualified for our £50.00 free bet.

Having looked at the odds available, I’ve opted to place my first qualifying bet on Lockheed in the 14:30 at York (Wednesday).

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 work out our lay stake using my matched betting calculator…

As you can see, the calculator tells us that our lay stake should be £48.54…

Let’s have a look at our potential profit/loss for the possible outcomes…

So, regardless of the outcome of the race, we will make a loss of £2.43 on this qualifying bet!

If we’re fortunate enough to lose our first 5 qualifying bets or at least 5 out of our first 6, we should incur a total qualifying loss of somewhere between £12.00-£15.00.

Free Bet:

Our free bet will be credited upon settlement of our fifth losing bet and will be valid for 10 days. Our free bet must be used on any available sports market with odds between 1.80 (4/5) and 8.00 (7/1). Free bets will always be used prior to real money.

By using straightforward matched betting, we should be able to extract 80% of our £50.00 free bet as cash, so around £40.00. If we take into account our £12.00-£15.00 qualifying loss, we should make a guaranteed profit of somewhere between £25.00-£28.00 on this 10Bet offer!