32Red Sport Cheltenham 2017 Offer – £10.00 Free Bet

Cheltenham 2017 is finally here and 32Red Sport are getting in on the action! Bet £10.00 on four different Cheltenham races on Day 1 of the Festival and 32Red Sport will give us a £10.00 free bet to use on Day 2. Translated into matched betting terms, this gives us a guaranteed profit of £6.00 and here’s how…

Qualifying Bets:

We must opt in to this promotion to be eligible.

If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walk-through guide on how they should be done.

To be eligible for our £10.00 free bet, we must place 4 x £10.00+ bets at odds of 2.00 (evens) or greater, on four different Cheltenham races on Day 1 of the Festival (Tuesday 14th March 2017).

Only bets placed after 18:00 on Monday 13th March 2017 will be eligible.

It’s entirely up to you what you place your qualifying bets on.

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. Remember, we pay 0% commission on the first race every day at Cheltenham!

We can calculate our lay stakes using the matched betting calculator.

So, we’ll lose around £2.00 in qualifying for our £10.00 free bet.

Free Bet:

Our £10.00 free bet will be credited by 12:00 on Wednesday 15th March 2017 and will expire at 23:59 the same day. Free bet stakes are not included in any returns.

By using straightforward matched betting, we should be able to extract at least 80% of the £10.00 free bet as cash, so approximately £8.00. If we take into consideration our total qualifying loss of £2.00, we’ll make a guaranteed profit of £6.00 on this 32Red Sport Cheltenham 2017 offer!