Cheltenham Festival 2023 continues on Wednesday with the Ballymore Novices’ Hurdle, and you don’t want to miss this 888sport money back offer! Place a bet on the 13:30 Cheltenham, and if your horse finishes 2nd, 888sport will refund your stake as a free bet up to £20.00. Translated into matched betting terms, this gives you a potential profit of £15.30 and here’s how…
Key terms
- Applies to bets placed on the 13:30 Cheltenham (Wednesday 15th March 2023).
- Applies to win singles, and the win part of each way singles placed on the ‘Winner‘ market only.
- Only your first bet that meets the qualification criteria will count.
- If less than 5 runners take part, the offer will not apply.
- Minimum stake of £1.00.
- Money back as a free bet if your horse finishes 2nd.
- Maximum free bet refund of £20.00.
- If eligible, your free bet will be credited upon settlement of your qualifying bet.
- The free bet will be valid for 7 days.
- The free bet stake will not be returned with any winnings.
Qualifying bet
Please see my ‘Qualifying Bets Guide‘ if you’d like more information about them and how they work.
It’s entirely up to you which horse you go for, but selecting a horse with relatively short odds makes sense in the hope of a 2nd place finish.
At the time of writing, ‘Hermes Allen‘ is available at back odds of 5.50 (9/2) and lay odds of 5.70.
Either exchange works for this offer
Betfair and Smarkets are both great options for this offer. If you’ve not used one of them, now is a great time to give them a try.
- Money back as cash up to £20
- 0% commission for 60 days
You can calculate your lay stake using my Matched Betting Calculator.
As you can see, the calculator tells you that your lay stake should be £19.30.
Place £20.00 on ‘Hermes Allen’ @ 5.50 = Potential profit of £90.00
Lay £19.30 on ‘Hermes Allen’ @ 5.70 = Potential liability of £90.71
Outcomes
Let’s look at your profit/loss for the possible outcomes.
| Outcome | 888sport | Smarkets | Free Bet | Profit/Loss |
|---|---|---|---|---|
| Hermes Allen wins | + £90.00 | – £90.71 | £0.71 loss | |
| Hermes Allen finishes 2nd | – £20.00 | + £19.30 | + £16.00 | £15.30 profit |
| Any other outcome | – £20.00 | + £19.30 | £0.70 loss |
So, you’ll make a nice profit of £15.30 if Hermes Allen finishes 2nd, or you’ll lose a maximum of £0.71 on any other outcome. Risking £0.71 to make a potential profit of £15.30 gives you effective odds of 22.55, which I’m sure you’ll agree, makes this a profitable offer in the long run.
If eligible, your free bet will be credited upon settlement of your qualifying bet. The free bet will be valid for 7 days, and the free bet stake will not be returned with any winnings.
If you’re unsure how to convert a free bet into 80% cash, please see my ‘Free Bets Guide‘ for a walkthrough.
Don’t miss out on one of the most profitable weeks of the matched betting calendar! Please see my ‘Cheltenham Festival 2023 Offers‘ page for a comprehensive list of available bookmaker offers.
* Hermes Allen finished 6th, resulting in a £0.70 loss on this 888sport offer. *
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.