Bet365 Grand National 2018 Offer

Whatever you do this weekend, DO NOT MISS this Bet365 Grand National offer! Simply place your bets on the Aintree Grand National 2018 and Bet365 will give us half our stake back for every each way bet we place, up to a maximum total refund of £125.00. Translated into matched betting terms, this gives us a guaranteed minimum profit of £94.16 and here’s how…

This offer applies to qualifying bets placed between 00:00:01 on Thursday 12th April 2018 and 11:59:59 on Saturday 14th April 2018.

To qualify for this offer, you must be an existing Bet365 account holder and have opened your account before 23:59:59 on Wednesday 11th April 2018.

How it works:

If you’re unfamiliar with each way betting, check out my Each Way Arbing guide for an explanation of how it should be done.

Bet365 will refund half of our qualifying each way bets up to a maximum of £125.00. So, in order to claim the maximum £125.00 refund, we need to place a total of £250.00, so £125.00 each way.

For this Bet365 Grand National 2018 offer, it makes sense to place our qualifying bet on one of the favourites. This will keep our outlay to a minimum.

Qualifying bet:

Having looked at the odds available, we could place our qualifying bet on Ucello Conti.

I like to place my exchange lay bets with Betfair as they have great liquidity in the run up to races and the site is really easy to use.

Bet365 are actually paying 5 places on the Grand National. If we lay the ‘Place‘ part of our bet at Betfair (4 places), this offer then becomes an extra place race too. If you’re unfamiliar with extra place offers, check out my Extra Place Offers page.

We can calculate our lay stakes using the ‘Extra Place’ setting on my Each Way Calculator

Select bet type

Back Bet (Bookie)

1 /

Lay the Win (Exchange)

%
Lay stake required (To Win): £

Lay the Place (Exchange)

%
Lay stake required (To Place): £
Bookie
Exchange
Total
First place
£ + £
£ + £
= £
Standard place
£ + £
£ + £
= £
Extra place
£ + £
£ + £
= £
Doesn't place
£ + £
£ + £
= £

Placing our each way bet:

Bet365 logo

Place £125.00 EACH WAY on Ucello Conti @ 21.00 = Total stake of £250.00

This means we have placed £125.00 on Ucello Conti to win at odds of 21.00 and £125.00 on Ucello Conti to place in the top 5 at odds of 6.00.

For those of you who aren’t overly familiar with each way betting, we can work out the place odds of our each way bet as follows…

21.00 (decimal odds) – 1.00 (stake) = 20/1 (fractional odds)… We then divide 20/1 by 4 which equals 5/1… We then add the 1.00 (stake) back on to get decimal odds of 6.00.

Laying the ‘win’ part of our each way bet:

Now that we have broken our qualifying bet down into two separate bets, we can now lay each part at the exchange.

As you can see from the calculator above, we need to lay £119.59 on Ucello Conti to win…

Betfair logo

Lay £119.59 on Ucello Conti to ‘Win’ @ 22.00 = Potential liability of £2,511.39

Laying the ‘place’ part of our each way bet:

As you can see from the calculator above, we need to lay £111.11 on Ucello Conti to place in the top 4…

Betfair logo

Lay £111.11 on Ucello Conti to ‘Place’ @ 6.80 = Potential liability of £644.43

The overall profit/loss figures are shown at the bottom of the each way calculator above. We just need to add our £125.00 refund onto each total as follows…

Ucello Conti wins + £2500.00 + £625.00 – £2511.39 – £644.43 + £125.00 refund = £94.18 profit
Ucello Conti places 2nd 3rd or 4th – £125.00 + £625.00 + £113.61 – £644.43 + £125.00 refund = £94.18 profit
Ucello Conti places 5th – £125.00 + £625.00 + £113.61 + £105.55 + £125.00 refund = £844.16 profit
Ucello Conti finishes outside top 5 – £125.00 – £125.00 + £113.61 + £105.55 + £125.00 refund = £94.16 profit

So, as you can see, regardless of the outcome of the race, we stand to make a minimum guaranteed profit of £94.16!

As mentioned earlier, Bet365 are paying 1/4 odds for the first 5 places. The ‘Place’ market at Betfair is for the first 4 places. This means that if Ucello Conti finishes exactly 5th, we’ll win both the place part of our Bet365 each way bet and also our place lay bet at Betfair, giving us a massive potential profit of £844.16!

You’d be forgiven for thinking it’s an unlikely outcome, but it actually came in three years ago for £419.04 profit!

Bookmakers often run extra place offers and they can be very profitable. If you’re interested in learning how to take advantage of them, have a read of my Extra Place Offers page.

If you don’t already have an account, make sure you sign up to Bet365 soon to make sure you don’t miss out on any big offers in the future. Bet365 have one of the best welcome offers around (£100.00 in free bets) and their in play offers on some of the big football matches are hugely profitable.

NOTE: The above example shows how this offer can be done by placing £125.00 each way on one horse. If we don’t have enough funds in our Betfair account to cover the large liability, we can spread our qualifying bets across multiple horses.

For example, we could place a £25.00 each way bet on five different horses. Only one horse can win the race, so we would only need enough funds in our Betfair account to cover the horse with the largest ‘Win’ liability, plus our ‘Place’ liabilities. With five horses selected, we would stand a greater chance of hitting the 5th (extra) place, albeit for a much smaller profit.

* Ucello Conti unseated his rider, resulting in a profit of £94.16 on this Bet365 offer. Milansbar finished in the 5th (extra) place. *

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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.