🚨 BIG ANNOUNCEMENT: 0% commission with Smarkets for all MBB users!   Find out more

Betfair Exchange – 13:25 Ascot Offer

It’s a big day of racing at Ascot on Saturday, and Betfair are getting in on the action! Place an Exchange bet of up to £10.00 on the 13:25 Ascot, and if your bet loses, your stake will be refunded as a free bet. Translated into matched betting terms, this gives you a profit of £6.51 and here’s how…

Key terms

  • Place an Exchange bet of up to £10.00 on the 13:25 Ascot (Saturday 15th October 2022).
  • Applies to your first pre-race bet only.
  • Applies to back bets only; lay bets do not qualify.
  • Money back as a free bet if your bet loses.
  • Betfair Rewards ‘Basic’ customers are excluded from this promotion.
  • If eligible, your free bet will be credited within 24 hours.
  • The free bet will be valid on any horse racing market for 7 days.

Qualifying bet

If your qualifying bet loses, Betfair will refund your stake as a free bet, so you can treat this as a ‘Money Back if Bet Loses‘ offer.

You’ll need to place your bet at long odds to maximise profit.

At the time of writing, ‘Quickthorn‘ is available at back odds of 14.50 and lay odds of 15.00.

You can work out your lay stake using the ‘Money Back if Bet Loses‘ setting on my Matched Betting Calculator. You can enter ‘£8.00‘ as your ‘Cashback’ figure as that is the amount you can expect to convert your £10.00 free bet into, should your bet lose.

Select bet type

Back Bet (Bookie)

Advanced
%

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 you that your lay stake should be £8.69.

Place £10.00 on ‘Quickthorn’ @ 14.50 = Potential profit of £128.25

Lay £8.69 on ‘Quickthorn’ @ 15.00 = Potential liability of £121.66

Outcomes

Let’s look at your profit/loss for the possible outcomes.

OutcomeBetfairExchangeFree BetProfit/Loss
Quickthorn wins+ £128.25– £121.66£6.59 profit
Another horse wins– £10.00+ £8.51+ £8.00£6.51 profit

So, no matter the outcome, you’ll make a minimum profit of £6.51 on this Betfair Exchange offer!

If you’re unsure how to convert your £10.00 free bet into £8.00 cash (80%), please see my ‘Free Bets Guide‘ for a walkthrough.

* Trueshan won the race, resulting in a £6.51 profit on this Betfair Exchange offer. *

Got a question?
Leave me a comment below

I usually respond within 24 hours.

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.