Betfair Chase Offer – Betfair Exchange

It’s the Betfair Chase at Haydock on Saturday and you don’t want to miss this Betfair Exchange free bet offer! They’re giving all customers a £5.00 free bet to use on the 15:00 at Haydock! Translated into matched betting terms, this gives us a guaranteed profit of £3.79 and here’s how…

Key Terms:

  • This offer is available to new and existing Betfair customers.
  • The £5.00 free bet is available to claim on the promotion page.
  • The free bet can be used on the 15:00 at Haydock on Saturday 21st November 2020.
  • The free bet is valid on the ‘win’ market only.

Free Bet:

Using straightforward matched betting, we can convert our £5.00 free bet into around 75% cash, so £3.75. If you’re unsure how to do this, please see my Free Bets Guide for a walkthrough of how it should be done.

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

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

It’s entirely up to you which horse you place your free bet on. Having looked at the odds available, we could place our free bet on Bellshill.

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 £3.93.

Betfair logo

Aim to convert our free bet into around £3.75 cash

Outcomes:

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

OutcomeBetfairOther ExchangeProfit/Loss
Bellshill wins+ £90.25– £86.46£3.79 profit
Bellshill loses– Free Bet+ £3.85£3.85 profit

So, no matter the outcome, we’ll make a guaranteed profit of £3.79 on this Betfair Exchange offer!

* Bellshill failed to win the race, resulting in a profit of £3.85 on this Betfair Exchange offer. *

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £60,000 worth of profit, and made it my mission to make matched betting accessible to everyone.