£14.12
Guaranteed Profit
£14.46
Actual Profit

Betfair Exchange Offer – Newmarket


Posted by Matt (administrator) Matt
Start Time: 06/06/2020 13:15

There’s a big day of racing at Newmarket on Saturday and you don’t want to miss this Betfair ‘Bet & Get’ offer! Simply place a £20.00+ Exchange back bet on the racing at Newmarket and Betfair will give us a £20.00 free bet to start a free bet streak. Translated into matched betting terms, this gives us a guaranteed profit of £14.12 and here’s how…

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

Key Terms:

  • The minimum stake to qualify is £20.00.
  • We must place an Exchange back bet on any race at Newmarket on Saturday 6th June 2020.
  • £20.00 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 for the 15:35 at Newmarket, we could place our qualifying bet on Pinatubo (1.92).

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 £19.52.

Betfair logo

Aim to lose no more than £1.00 on our qualifying bet

Outcomes:

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

OutcomeBetfairOther ExchangeProfit/Loss
Pinatubo wins+£17.48-£18.34£0.86 loss
Pinatubo doesn't win-£20.00+£19.12£0.88 loss

So, regardless of the outcome, we’ll lose a maximum of £0.88 in qualifying for our £20.00 free bet.

Free Bet(s):

We’ll receive our £20.00 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 (£20 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 £20.00 free bet, so £15.00. If we take into account our maximum qualifying loss of £0.88, this gives us a guaranteed profit of £14.12 on this Betfair Exchange offer!

* Pinatubo failed to win the 15:35 at Newmarket. We could have placed our £20.00 free bet on Qaysar in the 16:45 at Newmarket at back odds of 5.60 and lay odds of 5.60. Qaysar failed to win the race, resulting in a profit of £14.46 on this Betfair Exchange offer. *

Comments


  1. Mark

    Guest user

    There is no opt in option.

    +0
    Reply
    1. Matt

      293

      Thanks Mark, post updated.

      +0
      Reply
  2. Dave

    Guest user

    Is it okay to back and lay both on betfair exchange or should you lay it on smarkets?

    +0
    Reply
    1. Matt

      293

      As per the terms of the offer Dave…

      ‘Lay bets against your qualifying bets will void this promotional offer.’

      +1
      Reply
      1. Dave

        Guest user

        Ah thanks, poor reading from me there.

        +0
        Reply
        1. Matt

          293

          No worries Dave.

          +0
  3. TheBigA

    13

    Lots of different ways you could play the free bet with the streak potential. Thinking of maybe splitting it into 2 x £10, or possibly using it as part of a lay stake? I’m not quite sure how the streak would work for each lay – trying to work out if you layed something at high odds with £20 reduced liability whether it would be worth doing that for a higher chance of hitting a streak, or simpler to back at low odds, or just back at high odds as normal – can’t decide!

    +0
    Reply
  4. Kennyrogers777

    Guest user

    Or punt it eg walkdonig, pinatubo

    +0
    Reply

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