It’s the Ascot Gold Cup 2021 on Thursday and you don’t want to miss this GentingBet money back offer! Simply place a single bet of £10.00+ on the 16:15 Royal Ascot on Thursday and if your selection loses and Stradivarius wins, GentingBet will give you a £10.00 free bet. Translated into matched betting terms, this gives us a potential profit of £6.33 and here’s how…
Key terms
- Minimum stake of £10.00 (£10.00 each way).
- Applies to bets placed on the Ascot Gold Cup 2021.
- Applies to bets placed before 16:15 (race-off) on Thursday 17th June 2021.
- £10.00 free bet if our bet loses and Stradivarius wins the race.
Qualifying bet
If you’d like more information about qualifying bets and how they work, please see my qualifying bets guide.
It’s entirely up to you which horse you place your qualifying bet on, though it needs to be any horse other than Stradivarius.
At the time of writing, Trueshan is available at back odds of 5.00 (4/1) and lay odds of 5.90.
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
We can calculate our lay stake using my Matched Betting Calculator…
As you can see, the calculator tells us that our lay stake should be £8.50…
Place £10.00 on Trueshan @ 5.00 = Potential profit of £40.00
Lay £8.50 on Trueshan @ 5.90 = Potential liability of £41.65
Outcomes
Let’s have a look at our potential profit/loss for the possible outcomes…
| Outcome | GentingBet | Betfair | Free Bet | Profit/Loss |
|---|---|---|---|---|
| Trueshan wins | + £40.00 | – £41.65 | £1.65 loss | |
| Stradivarius wins | – £10.00 | + £8.33 | + £8.00 | £6.33 profit |
| Another horse wins | – £10.00 | + £8.33 | £1.67 loss |
So, if Stradivarius wins, we’ll make a nice profit of £6.33! Any other outcome and we’ll lose a maximum of £1.67. Risking £1.67 to make a profit of £6.33, gives us effective odds of 4.79. So, given that Stradivarius is odds of just 2.00 (evens) to win the race, this is a profitable offer in the long run.
If eligible, free bets will be credited within 4 hours of the race settling and will be valid for 3 days. Free bet stakes are not returned with any winnings.
If you’re unsure how to convert your £10.00 free bet into £8.00 cash (80%), please see my free bets guide for a walkthrough of how it should be done.
* Subjectivist won the race, resulting in a loss of £1.67 on this GentingBet offer. *
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Matt Kirman – Matched 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.