There’s a big day of racing at Market Rasen on Saturday, and you don’t want to miss this Betfair Exchange money back offer! Place a bet of up to £10.00 on the 14:41 Market Rasen, and Betfair will refund your stake as a free bet if your horse fails to place. Translated into matched betting terms, this gives you a potential profit of £6.57 and here’s how…
Key terms
- Place a bet of up to £10.00 on the 14:41 Market Rasen (Saturday 16th July 2022).
- Applies to bets on the Exchange ‘Win’ market.
- Applies to your first bet placed after 10:00 on Thursday 14th July 2022.
- Money back as a free bet up to £10.00 if your horse does not finish 1st, 2nd or 3rd.
- Applies to back bets only; lay bets do not qualify.
- Betfair Rewards ‘Basic’ customers are excluded from this promotion.
- Your free bet will be credited within 24 hours if eligible.
- The free bet will be valid on any horse racing market for 7 days.
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, 2nd or 3rd.
At the time of writing, Pisgah Pike is available at back odds of 16.50 and lay odds of 18.00.
You can calculate your lay stake using my Matched Betting Calculator…
As you can see, the calculator tells you that your lay stake should be £8.75…
Place £10.00 on Pisgah Pike @ 16.50 = Potential profit of £147.25
Lay £8.75 on Pisgah Pike @ 18.00 = Potential liability of £148.75
Outcomes
Let’s look at your potential profit/loss for the possible outcomes…
| Outcome | Betfair | Exchange | Free Bet | Profit/Loss |
|---|---|---|---|---|
| Pisgah Pike wins | + £147.25 | – £148.75 | £1.50 loss | |
| Pisgah Pike finishes 2nd or 3rd | – £10.00 | + £8.57 | £1.43 loss | |
| Pisgah Pike does not finish 1st, 2nd or 3rd | – £10.00 | + £8.57 | + £8.00 | £6.57 profit |
So, you’ll make a profit of £6.57 if Pisgah Pike does not finish 1st, 2nd or 3rd. You stand to lose a maximum of £1.50 on any other outcome. Risking £1.50 to make a potential profit of £6.57 gives you effective odds of 5.87, 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.
* Pisgah Pike won the race, resulting in a £1.50 loss on this Betfair Exchange offer. *
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £90,000 worth of profit, and made it my mission to make matched betting accessible to everyone.