£3.23
Guaranteed Profit
£3.10
Actual Profit

Betfair Exchange Offer – Newcastle


Posted by Matt (administrator) Matt
Start Time: 01/06/2020 13:00

UK horse racing returns at Newcastle on Monday and you don’t want to miss this Betfair ‘Bet & Get’ offer! Simply place a £10.00+ Exchange back bet on the 13:00 at Newcastle and Betfair will give us a £5.00 free bet to start a free bet streak. Translated into matched betting terms, this gives us a guaranteed profit of £3.23 and here’s how…

Banner showing the Betfair Exchange 'Bet & Get' offer on Newcastle
Banner showing the Betfair Exchange 'Bet & Get' offer on Newcastle

Key Terms:

  • We must opt-in to this promotion to be eligible.
  • The minimum stake to qualify is £10.00.
  • We must place an Exchange back bet on the 13:00 at Newcastle on Monday 1st June 2020.
  • £5.00 free bet will be valid on the Betfair Exchange for 48 hours.
  • Every time we place a winning bet with our free bet, we’ll receive another free bet matching the winning stake.

Qualifying Bet:

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

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

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

It’s entirely up to you what you place your qualifying bet on. Having looked at the odds available, we could place our qualifying bet on Stone Mason.

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 £9.68.

Betfair logo

Aim to lose no more than £0.50 on our qualifying bet

Outcomes:

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

OutcomeBetfairOther ExchangeProfit/Loss
Stone Mason wins+£16.34-£16.84£0.50 loss
Stone Mason doesn't win-£10.00+£9.48£0.52 loss

So, regardless of the outcome, we’ll lose a maximum of £0.52 in qualifying for our £5.00 free bet.

Free Bet(s):

We’ll receive our £5.00 free bet upon settlement of our qualifying bet. The free bet will be valid on the Betfair Exchange for 48 hours, excluding SP bets and the following markets: Asian Handicap, Asian Total Goals, Spreads and Totals, Line Markets & Each Way.

Every time we place a winning bet with our free bet, we’ll receive another free bet matching the winning stake. The size of the free bet re-credited will be the stake in the case of back bets, or our liability in the case of lay bets (£5 max).

I think it’s best to just place and lay the free bet as normal and if it wins, the extra free bet will be a nice little bonus. You could always place your free bet at lower odds than normal if you wanted to maximise your chances of hitting a winner.

By using straightforward matched betting, we should be able to extract 75% cash from our initial £5.00 free bet, so £3.75. If we take into account our maximum qualifying loss of £0.52, this gives us a guaranteed profit of £3.23 on this Betfair Exchange offer!

* Stone Mason failed to win the 13:00 at Newcastle. We could have placed our £5.00 free bet on Little Red Socks in the 14:10 at Newcastle at back odds of 4.80 and lay odds of 4.90. Little Red Socks failed to win the race, resulting in a profit of £3.10 on this Betfair Exchange offer. *

Comments


  1. Oli

    Guest user

    Sky Bet are running a money back as cash if 2nd promotion on this race as well.

    +0
    Reply
    1. Matt

      293

      Thanks for posting Oli.

      I felt there were a few too many runners to do a blog post for that one, but I did include it on the Horse Racing Offers page.

      +0
      Reply
  2. Werdna

    Guest user

    Betfair Exchange appear to be very slow crediting this bonus… still waiting for it to appear…

    +0
    Reply
    1. Bruce

      Guest user

      Also did offer. They said I didn’t opt in. I’m sure I did. So didn’t get the free bet.

      +0
      Reply
      1. Matt

        293

        Which Rewards plan are you on Bruce?

        +0
        Reply
        1. Bruce

          Guest user

          On account it said Beta. Have to do 20 bets a month.

          Thanks

          +0
        2. Matt

          293

          BETA isn’t your actual plan Bruce, that’s just because it’s a relatively new scheme.

          Underneath that it should tell you what your ‘chosen plan’ is, Rewards+, Rewards or Basic.

          +0
  3. Bruce

    Guest user

    Just checked. Showing Rewards. Hefty 5% commission. Need to change that.

    Thanks Matt

    +0
    Reply
    1. Matt

      293

      No worries Bruce.

      Switching to Basic will mean you won’t be eligible for any future promotions, but the 2% commission rate should be worth a lot more to you in the long-term.

      +0
      Reply

Post a comment


Your email address will not be published. Required fields are marked *