ApolloBet have launched a great Cheltenham offer! Simply place a single, £10.00 win bet on any race at Cheltenham on Tuesday and if it loses, ApolloBet will give us a £10.00 free bet to use on the last race on Wednesday. Translated into matched betting terms, this gives us a guaranteed minimum profit of £6.06 and here’s how…
Qualifying Bet:
If you’re unsure about how to place qualifying bets, check out my Qualifying Bet Strategy page for a walkthrough guide on how it should be done.
For this particular offer, we need to select a horse that has a decent chance of losing so that we receive the free bet refund. It therefore makes sense to place our qualifying bet on a horse with long odds. Having looked at the odds on offer, I’ve opted to place my qualifying bet on Qewy who is running in the Supreme Novices’ Hurdle.
Place £10.00 on Qewy @ 15.00 = Potential profit of £140.00
Lay £9.12 on Qewy @ 16.50 = Potential liability of £141.36
Let’s have a look at our potential profit/loss for the possible outcomes…
| Qewy wins | +£140.00 – £141.36 = £1.36 loss |
| Qewy doesn’t win | -£10.00 + £8.66 + £8.00 (extract 80% from our £10.00 free bet) = £6.66 profit |
So as things stand we will make £6.66 profit if Qewy doesn’t win and a loss of £1.36 if he does win. It’s not often that we are able to do this but by placing a further back bet on Qewy, we can guarantee ourselves a profit on any outcome…
Place £0.53 on Qewy @ 15.00 = Potential profit of £7.42
Let’s have a look at our overall profit/loss for the possible outcomes…
| Qewy wins | -£1.36 + £7.42 = £6.06 profit |
| Qewy doesn’t win | £6.66 – £0.53 = £6.13 profit |
So regardless of the result of the Supreme Novices’ Hurdle, we will make a guaranteed minimum profit of £6.06!
If you’re unsure how to extract 80% of our £10.00 free bet, check out my Free Bet Strategy page for a walkthrough guide on how it should be done.
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £90,000 worth of profit, and made it my mission to make matched betting accessible to everyone.