There’s a big day of racing at Haydock on Wednesday, and you don’t want to miss this Betfair Exchange money back offer! Place a bet of up to £10.00 on the 14:10 Haydock, and if our horse fails to place, Betfair will refund our stake as a free bet. Translated into matched betting terms, this gives us a potential profit of £6.71 and here’s how…
Key terms
- Applies to our first cash bet on the 14:10 Haydock on Wednesday 23rd March 2022.
- Applies to bets placed from 10:00 on Monday 21st March 2022.
- Applies to bets up to the value of £10.00 (£10.00 win or £5.00 each way).
- Money back as a free bet if our horse fails to finish 1st or 2nd.
- Applies to back bets only; lay bets do not qualify.
- Betfair Rewards ‘Basic’ customers are excluded from this promotion.
Qualifying bet
Please see my qualifying bets guide if you’d like more information about them and how they work.
It’s entirely up to you which horse you go for, but it would make sense to select a horse with pretty long odds hoping it won’t finish 1st or 2nd.
At the time of writing, N’golo is available at back odds of 7.60 and lay odds of 8.20.
We can calculate our lay stakes using my Matched Betting Calculator…
As you can see, the calculator tells us that our lay stake should be £8.89…
Place £10.00 on N’golo @ 7.60 = Potential profit of £62.70
Lay £8.89 on N’golo @ 8.20 = Potential liability of £64.00
Outcomes
Let’s look at our potential profit/loss for the possible outcomes…
| Outcome | Betfair | Exchange | Free Bet | Profit/Loss |
|---|---|---|---|---|
| N’golo wins | + £62.70 | – £64.00 | £1.30 loss | |
| N’golo finishes 2nd | – £10.00 | + £8.71 | £1.29 loss | |
| N’golo fails to finish 1st or 2nd | – £10.00 | + £8.71 | + £8.00 | £6.71 profit |
So, we’ll make a profit of £6.71 if N’golo fails to finish 1st or 2nd, or we’ll lose a maximum of £1.30 on any other outcome. Risking £1.30 to make a profit of £6.71 gives us effective odds of 6.16, which I’m sure you’ll agree, makes this a profitable offer in the long run.
If eligible, free bets will be credited within 24 hours and valid on any horse racing market for 7 days.
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.
* N’golo finished 2nd, resulting in a £1.29 loss on this Betfair Exchange offer. *
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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.