Cheltenham Festival 2022 is here, and you don’t want to miss this Betfred money back offer! Back a horse in the first Cheltenham race of any day, and should it finish 2nd, Betfred will refund your stake in free bets up to £20.00. Translated into matched betting terms, this gives you a potential profit of £20.00+ and here’s how…
Key terms
- Applies to win singles and the win part of each way bets only.
- 5 or more horses must run.
- Money back as a free bet if your horse finishes 2nd in the following races:
- Supreme Novices’ Hurdle (13:30 Tuesday)
- Ballymore Novices’ Hurdle (13:30 Wednesday)
- Turner’s Novices’ Chase (13:30 Thursday)
- Triumph Hurdle (13:30 Friday)
- Minimum free bet refund of £0.50.
- Maximum free bet refund of £20.00.
- Free bets will be credited within 24 hours of qualifying bets being settled.
- Free bets will be valid for 7 days.
Qualifying bets
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 horses you go for, but selecting horses with relatively low odds makes sense to maximise your chances of hitting 2nd place.
Looking at the odds available for the Supreme Novices’ Hurdle, you could place your qualifying bet on Dysart Dynamo at back odds of 3.25 (9/4) and lay odds of 3.45.
Either exchange works for this offer
Betfair and Smarkets are both great options for this offer. If you’ve not used one of them, now is a great time to give them a try.
- Money back as cash up to £20
- 0% commission for 60 days
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 £18.95…
Place £20.00 on Dysart Dynamo @ 3.25 = Potential profit of £45.00
Lay £18.95 on Dysart Dynamo @ 3.45 = Potential liability of £46.42
Outcomes
Let’s have a look at your potential profit/loss for the possible outcomes…
| Outcome | Betfred | Betfair | Free Bet | Profit/Loss |
|---|---|---|---|---|
| Dysart Dynamo wins | + £45.00 | – £46.42 | £1.42 loss | |
| Dysart Dynamo finishes 2nd | – £20.00 | + £18.57 | + £16.00 | £14.57 profit |
| Any other outcome | – £20.00 | + £18.57 | £1.43 loss |
So, you’ll make a nice profit of £14.57 if Dysart Dynamo finishes 2nd, or you’ll lose a maximum of £1.43 on any other outcome. Risking £1.43 to make a potential profit of £14.57 gives you effective odds of 11.19, which I’m sure you’ll agree makes this a profitable offer in the long run.
There are four races to go at throughout the week, giving you an overall potential profit of £20.00+ on this Betfred offer!
If eligible, free bets will be credited within 24 hours of qualifying bet settlement.
If you’re unsure how to convert £20.00 in free bets into £16.00 cash (80%), please see my free bets guide for a walkthrough of how it should be done.
I’ll update the following table with a selection at the end of each day…
| Race | Selection | Back Odds | Lay Odds | Profit/Loss |
|---|---|---|---|---|
| 13:30 Tuesday | Dysart Dynamo | 3.25 | 3.45 | £1.43 loss |
| 13:30 Wednesday | Sir Gerhard | 1.727 | 1.76 | £0.54 loss |
| 13:30 Thursday | N/A | N/A | N/A | N/A * |
| 13:30 Friday | Vauban | 2.75 | 2.90 | £1.29 loss |
Don’t miss out on one of the most profitable weeks of the matched betting calendar! For a comprehensive list of available bookmaker offers, please see my Cheltenham Festival 2022 Offers page.
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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.