The Galway Festival 2016 gets underway this evening and you don’t want to miss this Betfred offer! Simply place a bet on any 3 races at Galway and Betfred will give us a free bet to our average stake, up to £10.00, to use on Goodwood the following day. Translated into matched betting terms, this gives us a guaranteed profit of £12.40 and here’s how…
Qualifying Bets:
If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy for a walk-through guide on how they should be done.
To qualify for each £10.00 free bet, we must place a £10.00 bet at minimum odds of 1.50 (1/2) or greater, on any 3 Galway races being run each day. The following table, shows the eligible races for today (Tuesday 26th July 2016)…
| Time | Racecourse |
|---|---|
| 17:15 | Galway |
| 17:45 | Galway |
| 18:15 | Galway |
| 18:50 | Galway |
| 19:20 | Galway |
| 19:50 | Galway |
| 20:20 | Galway |
I like to place my exchange lay bets with Smarkets as they have great liquidity, the site is really easy to use and they only charge 2% commission in comparison to the 5% charged by other betting exchanges.
We can calculate our lay stakes using the matched betting calculator.
Aim to lose no more than £0.60 on each of our 3 qualifying bets
So we will lose approximately £1.80 in qualifying for each £10.00 free bet.
Free Bet:
Each £10.00 free bet will be credited at 10:00 the following day and will be valid until 09:00 the day after that.
By using straightforward matched betting, we should be able to extract 80% of each £10.00 free bet as cash, so around £8.00. If we take into consideration our qualifying loss of £1.80, this gives us a guaranteed daily profit of £6.20.
It’s unknown how many days this Betfred offer will run for, but so far, it’s been available from Monday 25th July 2016 until Tuesday 26th July 2016, giving us a guaranteed profit of £12.40.
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £100,000 worth of profit, and made it my mission to make matched betting accessible to everyone.