Royal Ascot 2022 gets underway on Tuesday, and you don’t want to miss this Betfair Exchange offer! Place a bet on the 15:05 Royal Ascot, and get your money back as a free bet up to £10.00 if it loses. Translated into matched betting terms, this gives you a profit of £5.68 and here’s how…
Key terms
- Place a bet of up to £10.00 on the 15:05 Royal Ascot (Tuesday 14th June 2022).
- Applies to bets on the Exchange ‘Win’ market.
- Applies to your first bet placed after 13:00 on Sunday 12th June 2022.
- Money back as a free bet up to £10 if your horse doesn’t win the race.
- Applies to back bets only; lay bets do not qualify.
- Betfair Rewards ‘Basic’ customers are excluded from this promotion.
- If eligible, your free bet will be credited within 2 hours of the race ending.
- The free bet will be valid on any horse racing market for 7 days.
Qualifying bet
If your bet loses, Betfair will refund your stake as a free bet up to £10.00, so you can treat this as a Money Back if Bet Loses offer.
Selecting a horse with long odds is best to maximise your profit.
At the time of writing, Bradsell is available at back odds of 8.20 and lay odds of 9.00.
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’s the amount you can expect to convert your £10.00 free bet into, should your bet lose.
As you can see, the calculator tells you that your lay stake should be £7.84…
Place £10.00 on Bradsell @ 8.20 = Potential profit of £68.40
Lay £7.84 on Bradsell @ 9.00 = Potential liability of £62.72
Outcomes
Let’s look at your potential profit/loss for the possible outcomes…
| Outcome | Betfair | Exchange | Free Bet | Profit/Loss |
|---|---|---|---|---|
| Bradsell wins | + £68.40 | – £62.72 | £5.68 profit | |
| Another horse wins | – £10.00 | + £7.68 | + £8.00 | £5.68 profit |
So, no matter the outcome, you’ll make a profit of £5.68 on this Betfair Exchange offer!
If eligible, your free bet will be credited within 2 hours of the race ending and valid on any horse racing market for 7 days.
If you’re unsure how to convert a £10.00 free bet into £8.00 cash (80%), please see my free bets guide for a walkthrough.
* Bradsell won the race, resulting in a £5.68 profit 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.