Ballymore Novices’ Hurdle 2020 Offer – Betfair Exchange

It’s Day 2 of the Cheltenham Festival 2020 on Wednesday and you don’t want to miss this Betfair ‘Bet £20, Get £20′ offer! Simply place £20.00+ in Exchange back bets on the Ballymore Novices’ Hurdle and Betfair will give us £20.00 in Exchange mobile free bets to use on any of the remaining Day 2 races. Translated into matched betting terms, this gives us a guaranteed profit of £15.13 and here’s how…

Banner showing the Betfair Exchange offer on the Ballymore Novices Hurdle 2020

Banner showing the Betfair Exchange offer on the Ballymore Novices Hurdle 2020

Key Terms:

  • Only customers opted into the Rewards or Rewards Plus plans are eligible
  • We must stake a total of £20.00 in Exchange back bets on the Ballymore Novices’ Hurdle.
  • The race is scheduled to start at 13:30 on Wednesday 11th March 2020.
  • Applies to bets on the Win market.
  • £20.00 in Exchange free bets must be used via mobile on any of the remaining Day 2 races.

Qualifying Bets:

If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walk-through guide on how they should be done.

If you’re paying 2% commission with Betfair’s Basic package, you won’t be eligible for this ‘Bet £20, Get £20’ Exchange offer.

We’ll need to lay our bet at another exchange.

It’s entirely up to you what you place your qualifying bet on. Having looked at the odds available, we could place our qualifying bet on Envoi Allen.

We can calculate our lay stake using my matched betting calculator…

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 us that our lay stake should be £19.53.

Betfair logo

Aim to lose no more than £0.90 on our qualifying bet

Outcomes:

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

Outcome Betfair Other Exchange Profit/Loss
Envoi Allen wins +£16.72 -£17.57 £0.85 loss
Envoi Allen doesn’t win -£20.00 +£19.13 £0.87 loss

So, regardless of the outcome, we’ll lose a maximum of £0.87 in qualifying for our £20.00 free bet.

Free Bet:

We’ll receive our £20.00 in Exchange free bets upon settlement of our qualifying bet. The free bets must be used via mobile on any of the remaining Day 2 races.

By using straightforward matched betting, we should be able to extract 80% cash from our £20.00 in free bets, so £16.00. If we take into account our maximum qualifying loss of £0.87, this gives us a guaranteed profit of £15.13 on this Betfair Exchange offer!

* Envoi Allen won the race, resulting in a profit of £15.15 on this Betfair Exchange 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.