Betfair Cheltenham 2017 Offer – Back Winners for Free Bets

Cheltenham Festival 2017 gets underway on Tuesday and you don’t want to miss this Betfair offer! Simply back a winner at SP odds of 3/1 or more on any Cheltenham race televised live on ITV Racing and Betfair will give us a free bet to the same stake, up to £25.00. Translated into matched betting terms, this gives us a potential profit of £100.00+ and here’s how…

Betfair Cheltenham 2017 Offer - Back Winners for Free Bets

Qualifying Bets:

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

This offer is available on 5 races each day as follows…

Day Time Race
Tuesday 1.30 Supreme Novices’ Hurdle
Tuesday 2.10 Arkle Chase
Tuesday 2.50 Ultima Handicap Chase
Tuesday 3.30 Champion Hurdle
Tuesday 4.10 Mares Hurdle
Wednesday 1.30 Neptune Novices’ Hurdle
Wednesday 2.10 RSA Chase
Wednesday 2.50 Coral Cup
Wednesday 3.30 Champion Chase
Wednesday 4.10 Cross Country Chase
Thursday 1.30 JLT Novices’ Chase
Thursday 2.10 Pertemps Final
Thursday 2.50 Ryanair Chase
Thursday 3.30 Stayers Hurdle
Thursday 4.10 Brown Advisory Plate
Friday 1.30 Triumph Hurdle
Friday 2.10 County Hurdle
Friday 2.50 Albert Bartlett Novices’ Hurdle
Friday 3.30 Cheltenham Gold Cup
Friday 4.10 Foxhunters Chase

If our selection wins at starting price (SP) odds of 3/1 or greater, Betfair will give us a free bet to the same value as our stake, up to a maximum of £25.00.

Just to clarify, if we back a horse at 3/1 and our selection wins at SP odds of 11/4 for example, we would not be eligible for a free bet.

Our first cash bet on each race will be our qualifying bet.

The back and lay odds will tighten as we get closer to each race starting. Having looked at the odds available for the Supreme Novices’ Hurdle, I’ve opted to place my qualifying bet on Bunk Off Early.

I like to place my exchange lay bets with Smarkets as they have great liquidity, the site is really easy to use and they only charge 2% commission, in comparison to the 5% charged by other betting exchanges. Remember, we pay 0% commission on the first race each day with Smarkets!

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 £25.34…

betfair logo

Place £25.00 on Bunk Off Early @ 7.50 = Potential profit of £162.50

smarkets white

Lay £25.34 on Bunk Off Early @ 7.40 = Potential liability of £162.17

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

Bunk Off Early wins + £162.50 – £162.17 + £20.00 (extract 80% from £25.00 free bet) = £20.33 profit
Bunk Off Early doesn’t win – £25.00 + £25.34 (£25.34 minus 0% commission) = £0.34 profit

So, if Bunk Off Early wins, we’ll make a nice profit of £20.33, otherwise we’ll have made a small qualifying profit of £0.34.

With 20 eligible races to look forward to, we should be looking at a potential profit of £100.00+ on this Betfair Cheltenham 2017 offer!

If eligible, free bets will be credited within 2 hours of our qualifying bet settling and will be valid for 48 hours. Free bet stakes are not included with any returns.

I’ll update the following table with my actual selections at the end of each day…

Race Selection Back Odds Lay Odds Profit
1.30 Tuesday Bunk Off Early 7.50 7.40 + £0.34
3.30 Tuesday Buveur D’air 6.50 6.60 + £19.18
4.10 Tuesday Apple’s Jade 5.00 5.10 + £19.10
2.10 Wednesday Acapella Bourgeois 7.50 7.60 – £0.76
4.10 Wednesday Cause Of Causes 5.00 5.20 + £18.66
1.30 Thursday Disko 6.50 6.60 – £0.38
3.30 Thursday Cole Harden 9.00 9.20 – £0.99
4.10 Thursday Starchitect 8.50 8.80 – £1.29
1.30 Friday Charli Parcs 5.00 5.30 – £1.42
2.50 Friday Augusta Kate 8.00 8.20 – £0.61
3.30 Friday Sizing John 9.00 8.80 + £20.56
4.10 Friday Wonderful Charm 6.00 6.20 – £0.81

* As you can see, I made an overall profit of £71.58 on this Betfair Cheltenham 2017 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.