Whatever you do this weekend, DO NOT MISS this Bet365 Grand National 2019 offer! Simply place your bets on the Aintree Grand National 2019 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 £90.75 and here’s how…
Key Terms:
- Applies to qualifying bets placed between 00:00:01 on Thursday 4th April 2019 and 11:59:59 on Saturday 6th April 2019.
- We must be an existing Bet365 account holder and have opened our account before 23:59:59 on Wednesday 3rd April 2019.
- We need to place our Each Way single bets and Bet365 will refund half of the total stake, up to a maximum total refund of £125.00.
- Cash refunds should be credited within two hours of bet placement.
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 total 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.
Qualifying bet:
It’s entirely up to you which horse you go for, but it makes sense to select one of the shorter priced horses, to help keep our outlay to a minimum.
Having looked at the odds available, we could place our qualifying bet on Pleasant Company.
Bet365 are paying 5 places on the Grand National. If we lay our selection to place in the top 4, this offer then becomes an extra place race too. If you’re unfamiliar with extra place offers, check out my Extra Place Offers page.
At the time of writing, laying our bets at Betfair gives us the biggest guaranteed profit.
We can calculate our lay stakes using the ‘Extra Place‘ setting on my Each Way Calculator…
Placing our each way bet:
Place £125.00 on Pleasant Company ‘Each Way’ @ 21.00 = Total stake of £250.00
This means we have placed £125.00 on Pleasant Company to win at odds of 21.00 and £125.00 on Pleasant Company to place in the top 5 at odds of 6.00.
For those of you who aren’t overly familiar with each way betting, the place odds of our each way bet can be worked out as follows…
21.00 (decimal odds) – 1.00 (stake) = 20.00
20.00 / 4 (place terms) = 5.00
5.00 + 1.00 (stake) = 6.00 (place odds)
For more information about betting odds, please see my Betting Odds Explained page.
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 £101.16 on Pleasant Company to win…
Lay £101.16 on Pleasant Company to ‘Win’ @ 26.00 = Potential liability of £2,529.00
Laying the ‘place’ part of our each way bet:
As you can see from the calculator above, we need to lay £126.05 on Pleasant Company to place in the top 4…
Lay £126.05 on Pleasant Company to ‘Place’ @ 6.00 = Potential liability of £630.25
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…
| Outcome | Bet365 (W) | Bet365 (P) | Betfair (W) | Betfair (P) | Refund | Profit |
|---|---|---|---|---|---|---|
| Pleasant Company wins | +£2500.00 | +£625.00 | -£2529.00 | -£630.25 | +£125.00 | £90.75 |
| Pleasant Company places 2nd 3rd or 4th | -£125.00 | +£625.00 | +£96.10 | -£630.25 | +£125.00 | £90.85 |
| Pleasant Company places 5th | -£125.00 | +£625.00 | +£96.10 | +£119.74 | +£125.00 | £840.84 |
| Pleasant Company finishes outside top 5 | -£125.00 | -£125.00 | +£96.10 | +£119.74 | +£125.00 | £90.84 |
So, as you can see, regardless of the outcome of the race, we stand to make a minimum guaranteed profit of £90.75!
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 Pleasant Company 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 £840.84!
You’d be forgiven for thinking it’s an unlikely outcome, but it actually came in four 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 bet credits) 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 exchange 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 exchange 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.
* Pleasant Company failed to finish in the top 5, resulting in a profit of £90.84 on this Bet365 offer. Anibale Fly finished in the all important 5th place. *
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.