888sport – Ballymore Novices’ Hurdle 2023 Offer

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.

  • 2% commission for all new signups
  • 0% commission for 60 days

You can calculate your lay stake using my Matched Betting Calculator.

Select bet type

Back Bet (Bookie)

%

Lay Bet (Betting Exchange)

%

Min £
Max £
Lay stake required: £
Bookie
Exchange
Cashback
Total
If back (bookie) bet wins
£
£
£
= £
If lay (exchange) bet wins
£
£
£
= £
Total profit: £

Optimal Underlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

Optimal Overlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

As you can see, the calculator tells you that your lay stake should be £19.30.

888sport logo

Place £20.00 on ‘Hermes Allen’ @ 5.50 = Potential profit of £90.00

Smarkets logo

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.

Outcome888sportSmarketsFree BetProfit/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

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £70,000 worth of profit, and made it my mission to make matched betting accessible to everyone.