ApolloBet Newbies – Cheltenham 2016 – £12.77 Guaranteed Profit

Kick-off time (GMT): 15/03/2016 : 13:30

The Cheltenham Festival gets underway on Tuesday and ApolloBet are running a great little offer! New customers can get evens (enhanced from 1/33) on Willie Mullins to be named top trainer at Cheltenham 2016. What’s more, if your bet doesn’t win, they’ll give you your money back as a free bet! All of this means you can make a guaranteed profit of £12.77 and here’s how…

ApolloBet Offer - Mullins Top Trainer

Open a new account with ApolloBet and place your first bet of £20.00 on Willie Mullins to be Top Trainer at the normal price on the website (1/33 at the time of writing). If Mullins is named top trainer, cash will be paid based on the normal price on the website, and the extra amount will be credited in free bets within 48 hours. If Mullins isn’t named top trainer, your stake will be refunded as a free bet.

The odds of Mullins being named top trainer, at the time of writing, are 1/33 so a £20.00 bet would return £20.61 cash and £19.39 as a free bet.

By using straightforward matched betting, you can extract approximately 80% cash from any free bet, so in this case £15.51, giving you total cash returns of £36.12!

The fact that you are betting £20.00 to return £36.12, means you are getting effective odds of 1.806 and you can enter these effective back odds into my matched betting calculator to calculate your lay stake. You need to use the ‘risk-free’ setting to factor in your £20.00 free bet refund, should Mullins not be named top trainer. You can enter £16.00 as your cashback figure as this is the amount you would expect to extract from a £20.00 free bet.


Back Bet (Bookie)

%

Lay Bet (Betting Exchange)

%

Adjust your lay stake

Min £
Max £

Lay stake required: £

Bookie
Exchange
Total
If back (bookie) bet wins
= £
If lay (exchange) bet wins
= £
Bookie
Exchange
Cashback
Total
If back
bet wins
= £
If lay
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 £17.65…

apollobet

Place £20.00 on Mullins to be top trainer @ 1.806 = Potential profit of £16.12

betfairLay £17.65 on Mullins to be top trainer @ 1.19 = Potential liability of £3.35

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

Mullins named top trainer + £16.12 – £3.35 = £12.77 profit
Mullins not named top trainer - £20.00 + £16.00 (extracted from £20.00 free bet refund) + £16.77 = £12.77 profit

So regardless of whether or not Mullins is named the top trainer, you will make guaranteed profit of £12.77, which is far more than you can make from their standard £5.00 welcome offer!

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24 Comments

  1. Northern Bettor

    March 10, 2016
    / Reply

    Worth mentioning that apollobet are a subsidiary of Boylesports so their sign up data will likely be shared and matched to prevent duplicate accounts being created.

  2. Ken

    March 10, 2016
    / Reply

    Not sure if I have done this properly for the Apollobet offer
    BookieExchangeCashbackTotal
    If back (bookie) bet wins 0.60 0.77 0.00 = £ -0.17
    If lay (exchange) bet wins 20.00 3.83 16.00 = £ -0.17

    • Matt

      Matt

      March 10, 2016
      / Reply

      Have you read the full blog post Ken?

  3. Dug1

    March 10, 2016
    / Reply

    Not sure if this is correct ? For AppolloBet offer
    Back Bet (Bookie)

    Back stake:
    20
    Cashback :
    16
    Back odds:
    1.03
    Back commission:
    0
    %
    Lay Bet (Betting Exchange)

    Lay odds:
    1.19
    Lay commission:
    5
    %
    Lay stake required: £ 4.04

    BookieExchangeCashbackTotal
    If back (bookie) bet wins 0.60 0.77 0.00 = £ -0.17
    If lay (exchange) bet wins 20.00 3.83 16.00 = £ -0.17
    Total profit: 0.17CALCULATE

  4. Dug1

    March 10, 2016
    / Reply

    I know the above is wrong used the calculator on this page instead of the one at top so made a right bollocks of it.....good start....

    • Matt

      Matt

      March 10, 2016
      / Reply

      You need to use the effective odds as explained in the post as it takes the enhancement into account and gives you the correct lay stake.

  5. brown

    March 10, 2016
    / Reply

    Please I have read all through the blog but I have a disturbing question, if I make deposit with neteller or skrill for new customer offers will I still get the new customer bonuses or I must make payment with visa/Mastercard alone to have access to the bonuses and if there are some bookies that give the new customer bonus even with neteller or skrill deposit please enlighten me on this

    • Matt

      Matt

      March 10, 2016
      / Reply

      You will need to check the terms of each welcome offer to see if they accept deposits via those methods.

  6. buckolad

    March 11, 2016
    / Reply

    YOU WILL NOT NEED TO LAY THIS BET!!!!

    • Matt

      Matt

      March 11, 2016
      / Reply

      Stranger things have happened...

  7. robert

    March 11, 2016
    / Reply

    Surely the Lay stake says £17.65, not £12.77?

    • Matt

      Matt

      March 11, 2016
      / Reply

      Well spotted Robert, I've amended it thanks.

  8. jamie

    March 11, 2016
    / Reply

    Are there any roll over t&c's for the free bet, i cant see any on their t&cs so I assume not?

    • Matt

      Matt

      March 11, 2016
      / Reply

      Not that I'm aware of Jamie no.

  9. Gr43m3

    March 11, 2016
    / Reply

    Is it possible to underlay this?

    • Matt

      Matt

      March 12, 2016
      / Reply

      You could lay £4.21 to break even if he isn't named the top trainer. This would push your potential profit just above £15.00 if he is named the top trainer.

  10. Jack

    March 15, 2016
    / Reply

    Hello, thanks very much for the post, I am just about to place this bet. Im just a bit confused, when placing the initial £20 bet, do we not need to place a lay in our exchange? Because you have stated that even if we lose we will be getting a free bet anyway. Thanks very much

    • Matt

      Matt

      March 15, 2016
      / Reply

      Hi Jack. Yes you need to place a lay bet as explained above. Just follow my workings and adjust if necessary.

      • Jack

        March 15, 2016
        / Reply

        All done now thanks :) Do you know when the trainer will be announced?

        • Matt

          Matt

          March 16, 2016
          / Reply

          Not sure Jack, I'm guessing it will be at the end of the Festival on Friday.

  11. Herbz16

    Herbz16

    March 19, 2016
    / Reply

    Anyone had their free bet back in this?

    • theRealKarlos

      March 19, 2016
      / Reply

      Not yet, the offer said to allow 48hrs for your free bet to be credited. I'll give it until Monday then get on to support.

      • jamie

        March 21, 2016
        / Reply

        i raised a ticket to support yesterday they informed me they should be credited today

        • Herbz16

          Herbz16

          March 21, 2016
          / Reply

          Yep. £19 added today


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